Make More in America Act of 2026
Sponsored By: Senator Schumer, Charles E. [D-NY]
Introduced
Summary
Prioritizes domestic production and commercialization of advanced and strategic technologies. It expands the Export-Import Bank’s mission to fund U.S. manufacturing, coordinate federal resources, and de-risk projects that boost jobs and supply-chain resilience.
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- Workers: Requires job quality commitments, workforce training, prevailing wage monitoring, and for projects with 100 or more employees it requires collective bargaining protections and neutrality in organizing efforts.
- Companies and startups: Creates the Make More in America Program to back U.S.-based export-related manufacturing in priority sectors like shipbuilding, robotics, aerospace, advanced energy, and critical minerals. The Bank may use grants, offtake agreements, price insurance, subordinated capital, and other flexible financing tools.
- Federal oversight and risk limits: Sets a $205.0 billion applicable amount for fiscal years 2027–2033 and imposes quarterly default triggers: 2% for oil and gas, 4% for other traditional export credit, and 10% for the MMIA and China/Transformational Exports portfolios. It also creates a multiagency Investment Committee, a public 10-year roadmap, and domain-specific working groups to align financing with national security priorities.
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Bill Overview
Analyzed Economic Effects
8 provisions identified: 4 benefits, 1 costs, 3 mixed.
New Make More in America Program
If enacted, the bill would create the Make More in America Program to finance U.S. export-related manufacturing projects. Applicants would need to align projects with a 10-year investment roadmap and show a credible repayment path and U.S. job impacts. Projects would face job-quality, workforce-training, and prevailing-wage rules, and awards must include clawbacks and monitoring. Projects in distressed areas or where >70% of jobs pay >110% of county mean pay would get better terms, and employers with 100+ workers would make union-related certifications.
New loan default limits and reporting
If enacted, the bill would set the Bank's "applicable amount" at $205 billion for FY2027–FY2033 and require quarterly default-rate calculations. The law would set portfolio triggers that can freeze new outstanding commitments if default rates reach: 2% for oil and gas, 4% for other traditional exports, and 10% for the Make More in America and China/Transformational portfolios. The Bank would have to report quarterly on default rates and risk, and the Board could exclude some financings from the calculation in limited cases.
10-year roadmap and agency coordination
If enacted, the Bank would create an Investment Committee to publish a public 10-year investment roadmap for targeted technologies and national missions. The roadmap would need approval from the National Economic Council, National Security Council, and OSTP and be updated at least every four years. The bill would also create interagency and domain-specific working groups to align federal financing, including annual briefings to Congress and the Executive Office.
Broader export program for tech
If enacted, the China and Transformational Exports Program would explicitly add the Russian Federation to covered countries. The bill would also replace the word "computing" with the broader term "technologies" and add "nuclear energy" to the list of transformational technologies. These changes would broaden the program's geographic and technology scope for eligible projects.
Higher clean energy export goal
If enacted, the Bank's export goal for renewable energy, energy efficiency, and energy storage would rise from 5% to 10%. This would set a higher target for Bank-supported exports in clean energy sectors and influence Bank prioritization of related exporters.
Ban financing for insider-owned firms
If enacted, entities in which a "covered individual" holds a significant interest would be ineligible for financing or other support under the bill. "Covered individuals" would include the President, Vice President, Members of Congress, certain Presidential appointees and Executive Office staff, members of the Bank's Investment Committee, and their spouses, children, and sons- or daughters-in-law. The law would apply aggregation and de minimis rules for determining interests.
More Bank financing tools, but cap
If enacted, the Export-Import Bank would get more tools like grants, offtake and insurance facilities, subordinated capital, and short-term expert contracts to support projects. The Bank would be able to make advance payments under covered agreements to help early cash flow. The Working Capital Guarantee Program would be treated as covered, but the Bank could not provide 100% coverage for any principal amount over $50 million.
Bank hiring and pay flexibilities
If enacted, the Bank's Board would be allowed to set pay for up to 150 employees outside some usual civil service pay rules. The bill would also repeal a prior Export Enhancement Act staffing provision to align statute with the Bank's new staffing authority.
Sponsors & CoSponsors
Sponsor
Schumer, Charles E. [D-NY]
NY • D
Cosponsors
Sen. Reed, Jack [D-RI]
RI • D
Sponsored 6/15/2026
Sen. Klobuchar, Amy [D-MN]
MN • D
Sponsored 6/15/2026
Sen. Coons, Christopher A. [D-DE]
DE • D
Sponsored 6/15/2026
Sen. Schatz, Brian [D-HI]
HI • D
Sponsored 6/15/2026
Sen. Warren, Elizabeth [D-MA]
MA • D
Sponsored 6/15/2026
Sen. Booker, Cory A. [D-NJ]
NJ • D
Sponsored 6/15/2026
Sen. Van Hollen, Chris [D-MD]
MD • D
Sponsored 6/15/2026
Sen. Duckworth, Tammy [D-IL]
IL • D
Sponsored 6/15/2026
Sen. Kelly, Mark [D-AZ]
AZ • D
Sponsored 6/15/2026
Sen. Kim, Andy [D-NJ]
NJ • D
Sponsored 6/15/2026
Sen. Blunt Rochester, Lisa [D-DE]
DE • D
Sponsored 6/15/2026
Sen. Alsobrooks, Angela D. [D-MD]
MD • D
Sponsored 6/15/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov