S. 4308 — A bill to prohibit the Export-Import Bank of the United States from providing financing to persons with seriously delinquent tax debt.

This section prohibits the Export-Import Bank of the United States (EXIM Bank) from providing financing to any person with seriously delinquent tax debt or for any project if any participant has such debt. It directs the Bank to identify such debt using the System for Award Management website, data analytics, and consultation with the Internal Revenue Service commissioner. The President may waive the prohibition for urgent and compelling circumstances affecting U.S. interests, with a report required within 30 days to the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services. Seriously delinquent tax debt is defined as an assessed federal tax liability collectible by levy or court proceeding, excluding debts under timely payment agreements, pending collection due process hearings or spousal relief, subject to continuous levy, or with released levies (citing specific Internal Revenue Code sections).