Regional Export Promotion Act of 2026

Key Points

• This bill makes a program at the Export-Import Bank permanent. The bank helps American companies sell their goods to other countries. By making the program official law, it ensures local communities continue to get help finding new customers around the world.
• The government will partner with local groups like city governments, colleges, and small business centers. These local partners will help small business owners understand how to ship products safely and get paid by international buyers.
• A new five-year test program will focus on helping small businesses in areas that need more economic growth. This includes rural areas, minority-owned banks, and local credit unions. The goal is to reach business owners who have never sold products outside the United States before.
• Small businesses will get special tools to help them succeed. This includes training on how global trade works and special insurance that protects them if a foreign buyer does not pay. The bill also makes the application process easier for first-time users.
• The Export-Import Bank must send a report to Congress every year for five years. This report will show how many new businesses are using the program and how much money they are making from exports. It will also suggest if the program needs more funding to work better.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.