Proposed
Bill · 119th Congress · S 4820
Regional Export Promotion Act of 2026
Refreshed 2 h ago
Introduced 2026-06-17Topic: economy jobsSummary
AI-generated summary, report an errorThis bill would write the Export-Import Bank's Regional Export Promotion Program into federal law. Under the program, the Bank partners with state, county, and city governments, university-funded nonprofit economic development groups, small business development centers, and world trade centers to expand export opportunities for businesses in their regions. The bill would also require the Bank to run a 5-year pilot program to expand the program in regions with many small businesses, giving priority to partners such as community development financial institutions, minority depository institutions, chambers of commerce, and community banks and credit unions. Under the pilot, the Bank would provide training, marketing materials, short-term export credit insurance designed for small businesses, and simpler applications for first-time users. The Bank's President would report to Congress each year on the pilot's partners, small business use of Bank products, and recommendations.
Sponsors
- Angela D. Alsobrooks Democrat sponsor
- 1 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-06-17 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | refer |
| 2026-06-17 | Introduced in Senate | introduce |