Export-Import Bank Reauthorization Act of 2006

This bill reauthorizes the Export-Import Bank of the United States through 2011, allowing the agency to continue providing loans, guarantees, and insurance to help American companies sell their goods and services abroad. It places a significant emphasis on small businesses by creating a dedicated Small Business Division and requiring that at least 15% of certain funds be directed toward exports from businesses owned by women and socially or economically disadvantaged individuals.

For everyday citizens, the bill aims to support domestic job growth by making U.S. exports more competitive in the global market, particularly in emerging sectors like renewable energy. It also introduces stricter transparency requirements and economic impact assessments to ensure that the Bank’s financing does not inadvertently harm U.S. industries or labor. Additionally, the legislation extends programs focused on increasing trade with sub-Saharan Africa and allows for the financing of nonlethal defense exports used for civilian purposes.