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This bill amends the Export-Import Bank Act of 1945 to exclude certain financing from the calculation of the bank's default rate when determining whether lending caps apply. Specifically, it excludes defaults on financing that facilitates replacement of or competition with products or services from entities on the U.S. government's Entity List or specially designated nationals list, as well as financing provided under a Program on China and Transformational Exports. The amendment is intended to allow the Export-Import Bank greater lending flexibility for exports that compete with or replace Chinese products and services.
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