Regional Export Promotion Act of 2026
Sponsored By: Senator Alsobrooks, Angela D. [D-MD]
Introduced
Summary
This bill would codify and expand the Export-Import Bank's Regional Export Promotion Program and create a pilot to expand export opportunities for regional small businesses.
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- Small businesses would get targeted support including specialized training, marketing materials, short-term export credit insurance products designed for small accounts, and streamlined application processes for organizations that have not used Bank products before.
- State, county, and city governments, nonprofit economic development entities tied to colleges, small business development centers, and world trade centers are listed as eligible regular partners to help find and refer regional exporters.
- A five-year pilot would prioritize HUBZone agencies, community development financial institutions, minority depository institutions, local chambers, and local community banks and credit unions. The Export-Import Bank must report to Congress one year after the pilot starts and then annually for five years on partners, product volume, successes, and funding recommendations.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Regional export help for small businesses
If enacted, this bill would create a Regional Export Promotion Program at the Export-Import Bank. The Bank would partner with state, county, and city governments, nonprofit economic development entities tied to colleges, small business development centers, and world trade centers. The Bank would work through those partners to expand export opportunities for regional businesses. The Program would take effect upon enactment.
Targeted export pilot for small businesses
If enacted, the bill would require the Export-Import Bank to run a five-year pilot to expand exports by small business concerns. The Bank would prioritize partners serving HUBZones, community development financial institutions, minority depository institutions, local chambers, and local banks and credit unions. The pilot would offer specialized training and marketing, short-term export credit insurance for small accounts, and streamlined applications for entities new to Bank products. The Bank would report to Congress within one year of the pilot start and annually for five years on partners, referrals, product use, successes, and funding recommendations.
Sponsors & CoSponsors
Sponsor
Alsobrooks, Angela D. [D-MD]
MD • D
Cosponsors
Sen. McCormick, David [R-PA]
PA • R
Sponsored 6/17/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov