WASHINGTON, D.C. — A bipartisan proposal introduced Thursday could expand U.S. nuclear energy exports and strengthen domestic job growth by enhancing federal financing support for large-scale international projects.
What This Means for You
- U.S. companies could win more international energy projects
- Expanded exports may support jobs in manufacturing and energy sectors
- Federal financing rules would be adjusted to compete globally
The legislation, known as the American Competitiveness for Exports in Nuclear Energy Act of 2026, would modify how the Export-Import Bank of the United States supports nuclear energy projects abroad by easing financing limits and expanding staffing capabilities.
The Export-Import Bank is a federal agency that helps U.S. businesses secure international deals by providing loans and financial backing when private lenders are unable or unwilling to take on the risk.
Competing in a Growing Global Market
Lawmakers said the bill is intended to position the United States to compete with countries such as China and Russia, which have expanded their presence in global nuclear energy markets.
Sen. Dave McCormick said increasing demand for reliable energy worldwide requires a stronger U.S. response.
“China and Russia are aggressively expanding their nuclear footprint in global markets, and the United States must respond by strengthening our ability to compete for commercial nuclear projects abroad,” McCormick said.
Sen. Andy Kim said the legislation would provide U.S. exporters with the tools needed to compete internationally.
“This is how we lead the global energy race, create good American jobs, and grow our economy,” Kim said.
Key Changes to Federal Financing
The proposal would allow the Export-Import Bank to support large, multi-billion-dollar nuclear projects by creating an exemption to its default rate cap — a rule that limits how much financial risk the agency can take on.
Supporters say the change would prevent a single large project from limiting the agency’s ability to approve additional deals, aligning U.S. policy more closely with international competitors.
The bill also includes provisions to improve recruitment and retention of specialized staff by allowing more competitive compensation, aimed at strengthening the agency’s technical expertise.
Building on Prior Federal Efforts
The legislation builds on provisions included in the National Defense Authorization Act for Fiscal Year 2026, which directed federal agencies to develop a coordinated strategy for advancing U.S. nuclear energy abroad.
Lawmakers said the effort is part of a broader push to position the United States as a leading partner for countries seeking stable and lower-emission energy sources.
Next Steps
The proposal is tied to the reauthorization of the Export-Import Bank and will need to advance through Congress before any changes take effect.
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