Civil Nuclear Export Act of 2024

HR 10323, the Civil Nuclear Export Act of 2024, allows the Export-Import Bank to provide financing guarantees, insurance, or credit for the export of civil nuclear reactors and related equipment, subject to existing U.S. nuclear export agreements. It specifically expands the Bank's "Program on China and Transformational Exports" to include nuclear reactors and creates a new liability framework: if a nuclear incident occurs at a facility supported by the Bank, the Treasury would cover claims up to a set limit, with potential presidential authority for additional payments. The bill affects U.S. exporters of civil nuclear technology, the Export-Import Bank, and foreign countries operating nuclear facilities receiving U.S. financial support. Key changes include modifying lending caps to accommodate nuclear transactions and adjusting default rate monitoring for these exports.