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<bill bill-stage="Introduced-in-Senate" dms-id="A1" public-private="public" slc-id="S1-ROS23034-0XJ-T8-3GP"><metadata xmlns:dc="http://purl.org/dc/elements/1.1/"> |
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<dc:title>118 S1021 IS: To prohibit the Export-Import Bank of the United States from providing financing to persons with seriously delinquent tax debt.</dc:title> |
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<dc:publisher>U.S. Senate</dc:publisher> |
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<dc:date>2023-03-29</dc:date> |
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<dc:format>text/xml</dc:format> |
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<dc:language>EN</dc:language> |
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<dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights> |
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<distribution-code display="yes">II</distribution-code><congress>118th CONGRESS</congress><session>1st Session</session><legis-num>S. 1021</legis-num><current-chamber>IN THE SENATE OF THE UNITED STATES</current-chamber><action><action-date date="20230329">March 29, 2023</action-date><action-desc><sponsor name-id="S397">Mr. Braun</sponsor> introduced the following bill; which was read twice and referred to the <committee-name committee-id="SSBK00">Committee on Banking, Housing, and Urban Affairs</committee-name></action-desc></action><legis-type>A BILL</legis-type><official-title>To prohibit the Export-Import Bank of the United States from providing financing to persons with seriously delinquent tax debt.</official-title></form><legis-body display-enacting-clause="yes-display-enacting-clause"><section section-type="section-one" id="idEFC29E70D4BD4F0399EBFE745CFBA8AA"><enum>1.</enum><header>Prohibition on financing by Export-Import Bank of the United States for persons with seriously delinquent tax debt</header><text display-inline="no-display-inline">Section 2 of the Export-Import Bank Act of 1945 (<external-xref legal-doc="usc" parsable-cite="usc/12/635">12 U.S.C. 635</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id4C9AD689A00A42F299C92FE02730E510"><subsection id="id9EAD19A4DFFC406EA673F6EE92EE82AE"><enum>(m)</enum><header>Prohibition on financing for persons with seriously delinquent tax debt</header><paragraph id="id60A07BAE785B41A7A48A218C34063420"><enum>(1)</enum><header>In general</header><text>The Bank may not provide financing to any person with seriously delinquent tax debt or for any project if any person participating in the project has seriously delinquent tax debt.</text></paragraph><paragraph id="id58685BD2D6B143698C06CE88D52C08E6"><enum>(2)</enum><header>Determinations of debt</header><text>For purposes of paragraph (1), the Bank shall determine if a person has seriously delinquent tax debt—</text><subparagraph id="id3C60DA4340704523A4131253DD56E5C4"><enum>(A)</enum><text>using information available through the System for Award Management website and data-analytical approaches; and</text></subparagraph><subparagraph id="id0E8ECD5BB68B47E585127870D53FB31D"><enum>(B)</enum><text>in consultation with the Commissioner of Internal Revenue.</text></subparagraph></paragraph><paragraph id="idCD060AE425F142F78B5E77A353DC6C8D"><enum>(3)</enum><header>Waiver</header><text>The President of the United States may waive the prohibition under paragraph (1) with respect to a person if the President—</text><subparagraph id="idCDBD4B2E09B74D8A98FD625C7AE4C7AB"><enum>(A)</enum><text>determines that there are urgent and compelling circumstances significantly affecting the interests of the United States that require the financing to be provided; and</text></subparagraph><subparagraph id="id82C4BF1A1DEA4D24890F51C85653AFAE"><enum>(B)</enum><text>not later than 30 days after making that determination, submits to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report that includes the rationale for the determination and relevant information supporting the determination.</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idd798bd03fcf64e54b4d5151bb9c2501d"><enum>(4)</enum><header>Seriously delinquent tax debt defined</header><text>In this subsection, the term <term>seriously delinquent tax debt</term>—</text><subparagraph id="id93238AFC9D784808B1AEF8D66AF992C6"><enum>(A)</enum><text>means a Federal tax liability that has been assessed by the Secretary of the Treasury under the Internal Revenue Code of 1986 and may be collected by the Secretary by levy or by a proceeding in court; and</text></subparagraph><subparagraph id="idBD7274C32C984666A19722E96AB30E8E"><enum>(B)</enum><text>does not include—</text><clause id="idc90b55fa3f934cf2bd3960ba5b8a1788"><enum>(i)</enum><text>a debt that is being paid in a timely manner pursuant to an agreement under section 6159 or section 7122 of such Code;</text></clause><clause id="id8b2704fe32b941369622c9410ca848b0"><enum>(ii)</enum><text>a debt with respect to which a collection due process hearing under section 6330 of such Code, or relief under subsection (a), (b), or (f) of section 6015 of such Code, is requested or pending;</text></clause><clause id="ide53824cbfa5346d5ad0fbd32bb432dbe"><enum>(iii)</enum><text>a debt with respect to which a continuous levy has been issued under section 6331 of such Code (or, in the case of an applicant for employment, a debt with respect to which the applicant agrees to be subject to such a levy); and</text></clause><clause id="id5d0cac7284544787897950b0b0f1c51a"><enum>(iv)</enum><text>a debt with respect to which such a levy is released under section 6343(a)(1)(D) of such Code.</text></clause></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></section></legis-body></bill> |
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