Bill · S. 4820· Senate(119-S-4820)
Regional Export Promotion Act of 2026
- Introduced
- 6/17/2026
- Last activity
- 6/17/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Angela Alsobrooks
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The Regional Export Promotion Act of 2026 amends the Export-Import Bank Act of 1945 to officially establish the Regional Export Promotion Program. This program partners the Bank with eligible state, county, and local nonprofit economic development entities to grow export opportunities for regional businesses. The bill also creates a five-year pilot program specifically to increase the Bank's reach in areas with many small businesses. This pilot program prioritizes partnerships with certain agencies, such as those serving HUBZones and community banks. It provides specialized training, export credit insurance, and easier application processes for new users. The President of the Bank must report the pilot program's results to Congress annually.
Yes· 3 of 21
Would business owners be better off under this?+9
Directly provides small business owners with credit insurance, training, and streamlined access to export markets.
Does this make it easier to run a small business?+9
The bill creates a specific pilot program to provide small businesses with training, credit insurance, and easier access to export resources.
Does this make trade with other countries easier?+8
The bill is specifically designed to increase U.S. exports by expanding the reach of the Export-Import Bank.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Expansion of export opportunities: The Bank will work with state, county, and local nonprofit economic development entities to help regional businesses expand their exports (Section 2).
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Support for small businesses: A pilot program is designed to increase the Bank's presence in regions with high concentrations of small business concerns (Section 3(a)).
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Targeted help for underserved areas and institutions: The pilot program prioritizes agreements with entities like those serving HUBZones, community development financial institutions, minority depository institutions, local chambers of commerce, and local community banks and credit unions (Section 3(a)).
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Direct assistance for new users: Small businesses under the pilot program can receive specialized training, marketing materials, specific short-term export credit insurance, and streamlined application processes if they have not used the Bank's products before (Section 3(a)).
Potential Negative Impacts for People
- No negative impacts for individuals or groups are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+9Good For African Americans+5Good For Asian Americans+5Good For Hispanic Americans+5Good For Native Americans+5Good For Rural Residents+5Good For Farmers+4Good For Urban Residents+4Good For Low Income Households+3Good For Middle Class Households+3Good For White Americans+3
- Economy And Finance
- Improves Small Business Support+9Improves Economic Growth+6Increases Job Creation+5
- Governance And Ideology
- Improves Interstate Commerce+4Improves Government Transparency+3Increases Federal Power+2
- National Security And Foreign Policy
- Improves International Trade+8
- Social Issues And Justice
- Improves Racial Equity+4Improves Poverty Reduction+3
- Environment Energy And Infrastructure
- Improves Rural Development+5
- 6/17/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
David McCormickRepublican · Pennsylvania