Amends the Export Control Reform Act of 2018 to require a competitive market review of export license applications.

The Protecting American Competition Act of 2026 amends the Export Control Reform Act of 2018 to mandate a competitive market review of applications for a license to export, reexport, or transfer in-country certain technology. The Under Secretary for Industry and Security must consider whether the requested license would be the initial one for the export, reexport, or in-country transfer of such items to an ultimate consignee or end user. The Under Secretary should also attempt to administer any subsequent applications in a timely manner.

Amends the Export Control Reform Act of 2018 to require a competitive market review of export license applications.

The Protecting American Competition Act of 2026 amends the Export Control Reform Act of 2018 to mandate a competitive market review of applications for a license to export, reexport, or transfer in-country certain technology. The Under Secretary for Industry and Security must consider whether the requested license would be the initial one for the export, reexport, or in-country transfer of such items to an ultimate consignee or end user. The Under Secretary should also attempt to administer any subsequent applications in a timely manner.