H. R. 1615 aims to change the Export-Import Bank Act of 1945 by not taking into account certain types of financing when calculating the default rate, which determines when the Bank's lending cap is triggered. Specifically, it excludes defaults for financing that supports...
Simple Explanation
The new bill wants to change the rules for a big bank that helps people buy and sell things between countries. It says some "bad" loans won't count in the total, especially when they're used to compete with companies linked to countries like China.