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What it is

Bill proposes aid and guarantees for firms hit by US tariffs

Amendments step 3 of 7· Lapsed

It is a government bill. Introduced by the Government. It was introduced on 8 May 2025. Introduced by: Gobierno.

Official title: Government bill on urgent measures to respond to the tariff threat and to relaunch trade (originating from Royal Decree-Law 4/2025, of April 8).

Follow this law

Source: Congreso de los Diputados, file 121/000057· updated 11 Nov

Automatic summary, not yet reviewed

  1. The bill would create a guarantee line of up to €5 billion for companies with direct or indirect exposure to the US market, to obtain liquidity or finance restructuring projects. It could be used until June 30, 2026, and the deadline could be extended.
  2. It would raise the limit for operations of the Fund for the Internationalization of the Company (FIEM) to €700 million in the current fiscal year, to support exports and investments by affected companies.
  3. It would raise from €9 billion to €15 billion the limit on state-backed coverage of internationalization risks that CESCE can issue.
  4. It would improve the CARI system, which protects companies from interest rate changes when exporting, and would allow the associated credit to be financed with public debt to compensate the ICO for its losses.
  5. It would suspend the ground for dissolution due to losses: companies would not count 2020 and 2021 losses when checking whether their net worth has fallen below half of their share capital, until the close of the fiscal year starting in 2025.
  6. Companies that have already prepared their 2024 accounts could restate them within one month. In addition, the Government would have to distribute funds based on each region's export weight, and the Minister of Economy would appear before Congress every three months.

Who it affects

  • Exporting and importing companies with significant exposure to the US market, directly or as suppliers of exposed companies.: They could apply for guarantees and other financial support for liquidity or restructuring.
  • Companies with 2020 and 2021 losses.: They could avoid dissolution due to losses and restate their 2024 accounts.
  • Spanish regions with more exports to the United States.: Funds would be distributed according to their 2024 export weight.
  • Congress of Deputies (Congreso de los Diputados).: It would receive quarterly reports on the plan and its implementation.

Words worth knowing

Aval
State guarantee: if the company cannot repay its loan, the State answers to the bank.
FIEM
Public fund that finances the internationalization of Spanish companies, meaning their exports and investments abroad.
CESCE
Public company that insures, on behalf of the State, the risks of foreign trade and investment operations.
CARI
Reciprocal Interest Adjustment Agreement: a system that protects companies from interest rate increases when financing exports.
Causa de disolución
Ground for dissolution: a situation that forces a company to dissolve, for example when losses leave its net worth below half of its share capital.

It summarizes the text as it was introduced. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries

Where it stands

How far did it get?

It took 3 of 7 steps. It reached Amendments, and today it is lapsed.

  1. Introduced8 May 2025Someone registers the text in the Congreso.
  2. Admitted13 May 2025The Bureau of the Congreso accepts it and, for a members’ bill, the plenary decides whether to consider it.
  3. Amendments16 May 2025Groups propose changes.
  4. Committeenot reachedA committee goes through the text in detail.
  5. Plenarynot reachedAll 350 deputies vote.
  6. Senatenot reachedThe Senate can pass it, amend it or veto it.
  7. BOEnot reachedIt is published in the Official State Gazette (BOE) and comes into force.
See the 5 official steps on a timeline
Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 202611. 8 May 2025: Presentación22. 13 May 2025: Comisión de Economía, Comercio y Transformación Digital Publicación desde 13/05/2025 hasta 16/05/202533. 13 May 2025: Calificación44. 16 May 2025: Comisión de Economía, Comercio y Transformación Digital Enmiendas desde 16/05/2025 hasta 06/10/202655. 6 October 2026: Concluido - (Caducado) desde 06/10/2026 hasta 04/11/2026

Was there a plenary vote?

We have no plenary vote linked to this law in the Congreso’s data.

What happens next

What happens now?

The legislature ended before it finished. To go on, someone would have to introduce it again in the new Cortes.

Sources

Where does all this come from?

  • The data comes from the open files of the Congreso, the Senate and the BOE, unaltered.
  • Each deputy’s province is the one of their seat on the day of the vote.
  • We never say “passed” because of a vote: the files do not say which majority was needed.

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