What does Preamble of Regional Export Promotion Act of 2026 do?

This bill proposes to amend the Export-Import Bank Act of 1945. The proposed amendment aims to codify and expand the Regional Export Promotion Program of the Export-Import Bank of the United States.

What does SHORT TITLE. of Regional Export Promotion Act of 2026 do?

This bill is formally titled the Regional Export Promotion Act of 2026.

What does CODIFICATION OF REGIONAL EXPORT PROMOTION PROGRAM. of Regional Export Promotion Act of 2026 do?

This section amends the Export-Import Bank Act of 1945 to establish a Regional Export Promotion Program. The Program requires the Bank to partner with eligible members from regions of the United States to expand export opportunities for businesses in those regions. Eligible members include State, county, and local nonprofit economic development entities. Specifically, eligible members can be State, county, and city governments, local nonprofit economic development entities funded through institutions of higher education, small business development centers, and world trade centers.

What does PILOT PROGRAM TO EXPAND FOCUS OF REGIONAL EXPORT PROMOTION of Regional Export Promotion Act of 2026 do?

This section amends the Export-Import Bank Act of 1945 to establish a pilot program aimed at expanding the Bank's focus on small businesses. The pilot program will prioritize partnerships with specific entities, including state and local economic development agencies serving HUBZones, community development financial institutions, minority depository institutions, local chambers of commerce, and local community banks and credit unions. Under the pilot program, the Bank will provide specialized training, marketing collateral, short-term export credit insurance, and streamlined application processes. The pilot program is set to terminate five years after its commencement. The term 'small business concern' is defined using the definition in section 3 of the Small Business Act. The President of the Export-Import Bank must submit annual reports to Congress detailing the program's progress, including the number of new partners, the volume of Bank products utilized by small businesses, and recommendations for improvement or additional funding.

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Regional Export Promotion Act of 2026

Last updated: 6/17/2026 · Introduced: 6/17/2026

Author: Angela Alsobrooks (D-MD)

TL;DR (AI)

This bill establishes a Regional Export Promotion Program within the Export-Import Bank of the United States, requiring partnerships with state, county, and local economic development entities to expand export opportunities for businesses.
The bill creates a five-year pilot program to prioritize support for small businesses, offering specialized training, credit insurance, and streamlined application processes through partnerships with specific state and local organizations.
The Export-Import Bank President must annually report to Congress on the pilot program’s progress, including data on partnerships, product utilization by small businesses, and recommendations for improvement.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

4 sections

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