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ACE Nuclear Energy Act of 2026

USA119th CongressS-4228| Senate 
| Updated: 3/26/2026
David McCormick

David McCormick

Republican Senator

Pennsylvania

Cosponsors (1)
Andy Kim (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill aims to enhance the operational flexibility and competitiveness of the Export-Import Bank of the United States, particularly in strategic sectors. It mandates the Bank to exclude certain financing from its default rate calculations, specifically those related to civil nuclear facilities, material, or technology . This change could enable the Bank to support more strategic export projects in the nuclear sector without adversely impacting its reported default rate, thereby promoting American competitiveness. Additionally, the legislation empowers the Export-Import Bank's Board of Directors to provide market-competitive compensation to a maximum of 100 employees. This provision allows the Bank to bypass standard federal pay scales, facilitating the recruitment and retention of highly skilled personnel necessary for its specialized operations, including those in the complex nuclear energy domain.
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Timeline
Mar 26, 2026
Introduced in Senate
Mar 26, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 26, 2026
    Introduced in Senate


  • March 26, 2026
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

ACE Nuclear Energy Act of 2026

USA119th CongressS-4228| Senate 
| Updated: 3/26/2026
This bill aims to enhance the operational flexibility and competitiveness of the Export-Import Bank of the United States, particularly in strategic sectors. It mandates the Bank to exclude certain financing from its default rate calculations, specifically those related to civil nuclear facilities, material, or technology . This change could enable the Bank to support more strategic export projects in the nuclear sector without adversely impacting its reported default rate, thereby promoting American competitiveness. Additionally, the legislation empowers the Export-Import Bank's Board of Directors to provide market-competitive compensation to a maximum of 100 employees. This provision allows the Bank to bypass standard federal pay scales, facilitating the recruitment and retention of highly skilled personnel necessary for its specialized operations, including those in the complex nuclear energy domain.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 26, 2026
Introduced in Senate
Mar 26, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 26, 2026
    Introduced in Senate


  • March 26, 2026
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
David McCormick

David McCormick

Republican Senator

Pennsylvania

Cosponsors (1)
Andy Kim (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted