S. 4781, Industrial Policy & Export Finance Expansion. Quorum's AI analysis reads it as a trade-off: gains for some, costs for others.
S. 4781 · Mixed
What it does
The Make More in America Act of 2026 expands the Export-Import Bank's authority and funding to finance domestic manufacturing and technology development in strategic industries—semiconductors, batteries, robotics, aerospace, quantum computing, and others—to compete with China and create U.S. jobs. The bill increases the Bank's lending cap from current levels to $205 billion (fiscal years 2027–2033), establishes a new "Make More in America Program" offering loans, guarantees, and grants to manufacturers, and requires workforce protections including prevailing wages and union neutrality for larger firms.
The analysis names semiconductor manufacturers — and 6 more groups — among the beneficiaries.
The trade-off
The bill allows the Bank to exclude failed loans from default-rate calculations (Section 8), creating a moral-hazard mechanism where poor investment decisions can be hidden from public accountability by reclassifying them as strategic.
The analysis put a high warning level on this bill. Transparency scores 55%, and the analysis found no provisions unrelated to the bill's subject.
Who is behind it
Filed by Chuck Schumer. Cosponsored by Amy Klobuchar, Andy Kim, Angela Alsobrooks and Brian Schatz.