A bill to prohibit the Export-Import Bank of the United States from providing financing to persons with seriously delinquent tax debt.

This legislative proposal seeks to amend the Export-Import Bank Act of 1945 by establishing a new prohibition on financing. Specifically, it would prevent the Export-Import Bank of the United States from providing financial assistance to any person or project participant who has a seriously delinquent tax debt. The Bank would be required to identify such debt using information from the System for Award Management website and data analytics, in consultation with the Commissioner of Internal Revenue.

The bill defines "seriously delinquent tax debt" as an assessed federal tax liability collectible by the Secretary of the Treasury, but explicitly excludes debts under payment agreements, those undergoing collection due process, or those subject to continuous levies. A significant provision allows the President of the United States to waive this prohibition if there are urgent and compelling circumstances that significantly affect U.S. interests, provided a detailed report is submitted to relevant congressional committees within 30 days of such a determination.