The purpose of the BIS Licensing Efficiency Act of 2026 is to improve the process for handling export license applications. This law aims to ensure that these applications are processed more quickly and transparently, which is important for U.S. businesses that rely on exporting goods. Key provisions of the law include specific timelines for processing license applications. The Secretary of Commerce is required to make a decision on a license application within 90 days. If a decision is not made within 120 days, the Secretary must inform the applicant about the delay and the reasons for it.