Make More in America Act

Full Title:
Make More in America Act of 2026

Summary#

This bill would expand the mission and powers of the Export-Import Bank of the United States to support the development, commercialization, and domestic production of export-related critical technologies and manufacturing. It creates a "Make More in America Program" that can provide loans, loan guarantees, grants, cooperative and offtake agreements, price insurance, and other financial instruments. The bill adds new authorities for the Bank to make advance payments, enter into other transactions (including subordinated capital), hire technical staff, and coordinate with other federal agencies.

The bill directs the Bank to focus on priority and emerging industries such as semiconductors, biotechnology, batteries, advanced materials, shipbuilding, aerospace (including unmanned aircraft), robotics, critical minerals, and advanced energy technologies. It sets project requirements including a credible path to financial sustainability, estimates and monitoring of U.S. jobs created, commitments to workforce training and job quality, prevailing wage rules for construction work, and clawback provisions for delays or noncompliance.

The bill establishes an Investment Committee made up of the Bank's leadership, representatives from many federal agencies, and a small number of members of Congress. That committee must produce a 10-year public "investment roadmap" and set up domain-specific advisory groups. It also creates an interagency working group to coordinate federal financing and program review and requires annual briefings to relevant congressional committees.

Other changes include: increasing the Bank's applicable authority to $205,000,000,000 for fiscal years 2027–2033; setting portfolio-specific default-rate thresholds and separate accounting for the new program and the China and Transformational Exports program; rules for 100 percent guarantee coverage to participating lenders under specified conditions; a delegated authority program for up to $50,000,000 per loan for small or medium-sized exporters; a prohibition on financing for entities in which senior officials or certain relatives hold a significant interest; and an increase in the Bank's renewable energy export goal from 5 percent to 10 percent.

What it means for you#

  • Companies that make or plan to make export-related products in priority technology areas could get new types of federal financing or guarantees to help build or expand U.S. factories, buy equipment, or invest in workforce training.
  • Projects that receive support must report job estimates, meet wage and job-quality commitments, and may face clawbacks if they miss target dates or violate prevailing wage rules.
  • Lenders working with small or medium-sized exporters could receive expanded guarantee coverage and a delegated approval path for certain loans up to $50,000,000.
  • Entities with significant ownership ties to covered public officials (President, Vice President, Members of Congress, certain appointees, Investment Committee members, and close relatives) would not be eligible for support.
  • The Bank would coordinate more closely with other federal agencies and produce a public 10-year investment roadmap to guide priorities.

Expenses#

  • The bill sets the "applicable amount" (aggregate loan, guarantee, and insurance authority) at $205,000,000,000 for each fiscal year 2027 through 2033.
  • It establishes a goal that not less than 30 percent of the applicable amount in each fiscal year be made available for the Make More in America Program.
  • The bill includes specific guarantee and delegated-authority limits, such as up to $50,000,000 per loan under the delegated program and limits on 100 percent coverage under the Working Capital Guarantee Program.
  • No publicly available information on estimated budgetary costs, net fiscal impact, or appropriations beyond the statutory authority levels is provided in the bill text or metadata.

Proponents' View#

The bill text includes findings and stated purposes that explain the reasons supporters put forward. Supporters say the Export-Import Bank can help keep advanced technologies invented in the United States onshore by funding development, commercialization, and domestic production. The bill frames these actions as responses to global competition and supply-chain risks, and as ways to support U.S. jobs, strengthen economic competitiveness in critical industries, and coordinate federal investment to move technologies from research to manufacturing.

Opponents' View#

No publicly available information.