Sponsors (5)
The bill aims to rapidly boost U.S. exports and provide more consistent government support for exporters—potentially creating meaningful market opportunities—while imposing new federal costs, administrative burdens, and risks that benefits may accrue unevenly or harm partner-country communities.
U.S. exporters — including small businesses — could gain substantially expanded market access (targeted 200% growth to Africa and Latin America over 10 years), increasing sales and growth opportunities abroad.
U.S. companies and state export offices will receive more consistent, streamlined support because improved interagency coordination and standardized training for Commercial Service and economic officers will better align export finance and development assistance.
Importing-country economic impact reviews and attention to secure supply chains could reduce risks from destabilizing markets and help establish more resilient, sustainable trade relationships that protect U.S. economic and security interests.
U.S. taxpayers could face significant new federal costs or incentives needed to meet the ambitious 200% export-growth target, increasing the fiscal burden.
Government-led export promotion and export finance programs risk favoring larger firms that can better use such tools, leaving some small exporters behind despite coordination and training efforts.
New reporting, coordination, and training mandates will increase administrative burden on Commerce, State, EXIM, DFC and other agencies, potentially diverting staff time from other priorities.
Based on analysis of 2 sections of legislative text.
Requires a presidential strategy and agency coordinators to grow U.S. exports to Africa, Latin America, and the Caribbean by 200% in 10 years, plus training and reporting requirements.
Official title: Increase United States jobs through greater United States exports to Africa and Latin America, and for other purposes.
Introduced March 3, 2025 by Richard Joseph Durbin · Last progress March 3, 2025
Requires the President to produce a whole-of-government strategy to expand U.S. exports of goods and services to Africa, Latin America, and the Caribbean and sets a quantitative goal: a 200% real-dollar increase in exports to those regions within 10 years. It directs interagency consultation, sets reporting deadlines, creates two Commerce Department coordinator positions to oversee implementation, calls for joint trade missions and standardized overseas export finance training, and requires a progress report within three years.