This bill would add quantum information science and technology to the list of strategic sectors covered by the Export-Import Bank’s Program on China and Transformational Exports. That program is designed to help U.S. exporters compete in key technologies where China is a major strategic rival, especially by supporting financing for overseas sales. The practical effect would be to make quantum-related companies more eligible for export financing tools that can help them reach foreign buyers. No new dollar amount is set in the title, but the bill would expand the types of exports the bank can prioritize.
What This Bill Does
- Adds quantum information science and technology to the Program on China and Transformational Exports
- Uses the Export-Import Bank Act of 1945 as the vehicle for the change
- Expands the set of strategic exports eligible for Bank support
- Aims to help U.S. firms compete in overseas markets tied to quantum technology
Who This Bill Affects
For most people, this would not change daily life directly. The main beneficiaries would be U.S. quantum technology companies and their workers, who could gain access to Export-Import Bank support when selling abroad. If you work in or invest in advanced technology, the bill could improve access to financing for international deals; otherwise, the effect is mostly indirect through broader U.S. competitiveness.
See how this bill affects you — sign in for a personalized analysisWho Supports & Opposes This
- Quantum technology companies These firms would gain a stronger federal tool for financing exports, which can be decisive in winning foreign contracts. Supporters see this as a way to accelerate commercialization of a strategically important U.S. technology sector.
- High-skilled technology workers If export financing helps U.S. firms sell more abroad, it can support domestic hiring in engineering, manufacturing, and research. Backers argue this helps retain advanced work in the United States rather than losing it to overseas competitors.
- Trade competitiveness advocates Supporters say China is heavily investing in frontier technologies, so U.S. policy should treat quantum exports as strategically important. They view targeted export support as a practical way to keep American firms competitive in global markets.
- Fiscal conservatives They may argue the Export-Import Bank should not be expanded to favor one advanced technology sector over others. From this view, federal backing can distort markets and expose taxpayers to added credit risk.
- Small exporters outside the technology sector Businesses in other industries may see this as another example of Washington steering support to a narrow, politically favored field. They may argue access to export finance should be broader and more evenly distributed.
- Government spending skeptics Opponents may question whether the bank should be used to advance industrial strategy against China through targeted sector selection. They could prefer less intervention and fewer special-purpose programs.
Key Implications
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““include quantum information science and technology””
This is the core expansion: quantum-related products and services would be explicitly recognized as eligible for the program’s strategic export support.
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““areas covered by the Program on China and Transformational Exports””
The bill ties quantum technology to an existing federal initiative focused on competition with China, which signals that the policy is partly about national competitiveness as well as trade.
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““Export-Import Bank Act of 1945””
The change would work through the federal export credit agency, meaning the main effect would be on financing terms rather than taxes or direct spending on consumers.
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““Program on China and Transformational Exports””
This program is intended to back industries seen as transformative for the economy; adding quantum would place it in the same policy lane as other strategic technologies.
Official Source & Bill Facts
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- Bill
- HR 9585
- Congress
- 119th Congress
- Official title
- To amend the Export-Import Bank Act of 1945 to include quantum information science and technology in the areas covered by the Program on China and Transformational Exports.
- Policy area
- Economy & Finance
- Latest action
- Referred to the House Committee on Financial Services. (July 2, 2026)
- Last updated
- July 3, 2026
Latest Status
July 2, 2026
Referred to the House Committee on Financial Services.
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Ask AI about this billData sourced from api.congress.gov.