Sponsors (5)
The bill aims to rapidly expand U.S. exports to Africa and Latin America and strengthen coordinated government support—benefiting exporters and supply-chain resilience—but does so at potential fiscal cost, with administrative burdens, a risk of favoring larger firms, and possible harms to partner-country local industries if not carefully managed.
U.S. exporters, especially small-business owners: could gain substantially expanded market access in Africa and Latin America and receive more consistent, coordinated government export support through standardized training and interagency coordination.
Local governments and rural communities (and firms dependent on stable supply chains): could face reduced economic destabilization risks because the bill emphasizes partner countries' economic impacts and more secure, sustainable supply chains.
U.S. taxpayers: could face increased federal costs or incentives to meet an ambitious 200% export-growth target over 10 years.
Small exporters and smaller firms: could be disadvantaged if government-led export promotion and finance end up favoring larger firms with the capacity to use those programs.
Rural communities and local economies in partner countries: could suffer harm to local industries or employment if rapid export expansion is not managed to protect local markets and environments.
Based on analysis of 2 sections of legislative text.
Requires a presidential strategy and Commerce coordinators to triple U.S. exports to Africa and Latin America/Caribbean within 10 years, with reporting, training, and interagency coordination.
Introduced March 3, 2025 by Richard Joseph Durbin · Last progress March 3, 2025
Requires the President to create and submit a coordinated U.S. strategy to expand public and private investment, trade, and development in Africa, Latin America, and the Caribbean, with a goal to increase U.S. exports of goods and services to those regions by 200% in real dollars within 10 years. Directs the Commerce Department to name two export strategy coordinators, creates coordination and training requirements across export finance and development agencies, and sets reporting and timeline requirements for implementation.