S. 5254 — Civil Nuclear Export Act of 2026

This section permits the Export-Import Bank to finance purchases of nuclear reprocessing facilities when such purchases are allowed under a nuclear cooperation agreement made pursuant to section 123 of the Atomic Energy Act of 1954 or other applicable US law.

This section expands the Export-Import Bank’s Program on China and Transformational Exports to include civil nuclear energy technologies, materials, services, and related infrastructure and goods.

This section raises the Export-Import Bank’s overall lending cap to $185 billion (from $135 billion) for amounts attributed to the Program on China and Transformational Exports. It raises the default rate threshold that freezes new lending to 4 percent (from 2 percent) and permits attribution of loans under that program to the excess cap without regard to issuance date.

This section authorizes the Export-Import Bank to exclude financing under the Program on China and Transformational Exports from its default rate calculation if the financing causes the rate to equal or exceed 4 percent, subject to Board of Directors approval.