What does Preamble of Make More in America Act of 2026 do?

This bill aims to expand the mission of the Export-Import Bank of the United States. The bill focuses on building export-related domestic critical industries. These industries should produce goods and services that support employment in the United States. The bill also seeks to strengthen global competitiveness.

What does FINDINGS. of Make More in America Act of 2026 do?

This section outlines findings regarding the competitive threat posed by the People's Republic of China to the United States, noting China's significant manufacturing volume and increasing lead in high-value technologies. The text identifies vulnerabilities in U.S. supply chains for critical inputs used in future industries and highlights challenges in financing capital-intensive industries. It suggests that without action, China will continue to gain global market share in critical technologies, impacting U.S. companies and national security. The section emphasizes the need for U.S. federal policy to ensure technologies developed in the U.S. are also commercialized and produced domestically. It highlights the Export-Import Bank of the United States’ (EXIM) potential to play a more strategic role in supporting the development of future technologies and expanding the U.S. export base. The text mentions existing programs like the Program on China and Transformational Exports and the Make More in America Initiative, which aim to support strategic industries and revitalize U.S. manufacturing. The section suggests a coordinated, whole-of-government effort is needed to revitalize the U.S. innovation and industrial infrastructure.

What does PURPOSES. of Make More in America Act of 2026 do?

This Act aims to ensure advanced technologies are developed, commercialized, and produced within the United States and by its allies and partners. It seeks to address capital market failures in sectors deemed critical to U.S. national interests. The Act intends to coordinate federal resources to promote domestic technology innovation, development, and exportation. It supports manufacturing companies' capital needs and encourages workforce training to bolster domestic manufacturing. The Act aims to accelerate permitting processes for domestic manufacturing projects. It seeks to improve access to infrastructure like energy and logistics for domestic manufacturing growth. The Act intends to promote job creation and local development through advanced industry development.

What does MODIFICATION OF POWERS AND FUNCTIONS. of Make More in America Act of 2026 do?

This section modifies the Export-Import Bank Act of 1945. It amends Section 2(a) to expand the Bank's purpose to facilitate the development, commercialization, and production in the United States, alongside export activities. The Bank is authorized to provide a wider range of financial instruments, including loans, guarantees, grants, cooperative agreements, offtake agreements, price insurance, and other insurance facilities, to accelerate the development of technologies critical to national security, innovation, and economic growth. The Bank gains additional powers, including the ability to enter into agreements, provide subordinated capital, and make advance payments without certain restrictions. It allows the Bank to procure expert services and consultants, and to appoint scientific, engineering, and professional personnel with flexible compensation structures. The Bank can collaborate with other federal agencies by utilizing their services and facilities. The Bank is granted authority to establish rules, regulations, and procedures consistent with other statutes.

What does MAKE MORE IN AMERICA PROGRAM. of Make More in America Act of 2026 do?

This section establishes the 'Make More in America Program' within the Export-Import Bank. The Program aims to provide support, including financing, for export-related manufacturing projects in the United States. Priority focus areas include strategic industries facing foreign subsidies or supply chain risks, critical industries for national security and economic competitiveness, and emerging industries needing capital. Eligible projects must align with an investment roadmap, demonstrate financial sustainability, and support U.S. employment. The Bank may provide preferential terms for projects in economically distressed regions or those creating high-wage jobs. Support cannot be used to repay pre-existing debts, distribute dividends, or fund acquisitions. The Bank will progressively recover award amounts if projects fail to meet established target dates. Applicants with 100 or more employees must commit to workforce protections, including maintaining collective bargaining agreements and promoting fair labor practices. The Bank aims to allocate at least 30% of available funds to the Program annually.

What does MODIFICATION OF AGGREGATE LOAN, GUARANTEE, AND INSURANCE of Make More in America Act of 2026 do?

This section modifies Section 6(a)(2) of the Export-Import Bank Act of 1945. The term 'applicable amount' is defined for fiscal years 2027 through 2033. For each of those fiscal years, the 'applicable amount' is set to $205,000,000,000.

What does MODIFICATION OF DEFAULT RATE AND LENDING CAP. of Make More in America Act of 2026 do?

This section modifies the Export-Import Bank Act of 1945 to establish lending caps based on default rates. The Bank's lending capacity in the traditional export credit portfolio is restricted if the default rate for oil and gas transactions exceeds 2% or the default rate for all other transactions exceeds 4%. The Bank's lending capacity in the Make More in America Program portfolio is restricted if the default rate exceeds 10%. The Bank's lending capacity in the China and Transformational Exports Program portfolio is restricted if the default rate exceeds 10%. A freeze on lending under these portfolios is lifted when the default rates fall below the specified thresholds. The Secretary of Commerce or the Secretary of the Treasury can terminate a lending freeze if national security or economic interests are at stake, or a financial crisis requires it, respectively. The Bank is required to calculate and report default rates separately for the Make More in America Program and the traditional export credit portfolio. Financing under the Make More in America and China and Transformational Exports Programs may be excluded from default rate calculations with Board of Directors approval.

What does INVESTMENT COMMITTEE. of Make More in America Act of 2026 do?

This section amends the Export-Import Bank Act of 1945 to establish an Investment Committee. The Investment Committee will be composed of the Bank's President (as chairperson), the Board of Directors, and representatives from various federal departments and agencies, including the Departments of Treasury, Commerce, Energy, Defense, and Agriculture, as well as the Small Business Administration and the Office of the United States Trade Representative. The Committee will also include three members from the Senate and three from the House of Representatives, each appointed for a two-year term. A primary responsibility of the Investment Committee is to develop a 10-year investment roadmap focusing on technology areas and missions of national interest. The roadmap requires approval from the National Economic Council, the National Security Council, and the Office of Science and Technology Policy. The roadmap may inform investment strategies of the Bank and other represented agencies. The Investment Committee must consider existing technology roadmaps and supply chain risk analyses when developing its roadmap. The roadmap must be updated at least once every four years and made publicly available. The Investment Committee will establish advisory committees for each technology area or mission of national interest identified in the roadmap. These advisory committees will provide input on goals, milestones, and focus areas.

What does INTERAGENCY COORDINATION. of Make More in America Act of 2026 do?

This section amends Section 13 of the Export-Import Bank Act of 1945 to focus on interagency cooperation. It establishes an interagency working group responsible for providing guidance to the Bank on priority advanced manufacturing and critical technology industries. The working group will coordinate Federal programs for financing and supporting advanced manufacturing and critical technology development. The Investment Committee will establish domain-specific working groups focusing on areas like biotechnology, energy, and computing. These working groups will seek technical input from various federal agencies and entities, including investment and research agencies. The working group must provide annual briefings to congressional committees and the Executive Office of the President regarding Bank activities and challenges. The Bank is directed to convene meetings with other agencies to coordinate critical technology development.

What does LIMITATION ON ELIGIBILITY FOR SUPPORT. of Make More in America Act of 2026 do?

This section amends the Export-Import Bank Act of 1945 to limit eligibility for support. A 'covered entity' is ineligible for financing or other support under the Act. A 'covered entity' is defined as an entity in which a 'covered individual' holds a 'significant interest'. A 'covered individual' includes the President, Vice President, Members of Congress, and certain appointed officials and their family members. A 'significant interest' generally means owning, controlling, or holding any equity interest, excluding a 'de minimis interest'. A 'de minimis interest' is defined based on thresholds in Title 5 of the Code of Federal Regulations, or interests held in certain investment funds or employee benefit plans. The definition of 'equity interest' includes shares, capital or profit interests, and warrants.

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Make More in America Act of 2026

Last updated: 6/15/2026 · Introduced: 6/15/2026

Author: Charles Schumer (D-NY)

TL;DR (AI)

This bill expands the Export-Import Bank's mission to support the development, commercialization, and production of advanced technologies within the United States and among its allies.
It establishes a 'Make More in America Program' to provide financing and support for export-related manufacturing projects in strategic, critical, and emerging industries within the U.S.
The bill increases the Export-Import Bank’s lending capacity to $205 billion annually through 2033.
It creates an Investment Committee, composed of representatives from various federal agencies and Congress, to develop a 10-year roadmap for technology investment and national security.
The bill restricts eligibility for Export-Import Bank support for entities with significant ownership ties to high-ranking government officials and their families.

119th Congressin committeeOfficial page

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Includes provisions on preamble, findings., and 12 more.

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