New Bill Would Increase Resources for Export Promotion, Trade Enforcement
On June 29, 2010, Senate Finance Committee Chairman Baucus (D) and Senate Committee on Small Business and Entrepreneurship Chair Landrieu (D) released the Small Business Jobs Act, a bill to help small businesses access capital, stimulate investment in small businesses and promote entrepreneurship -- all of which will help small business create jobs. Among other things, the Small Business Jobs Act would:
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- Authorize increased resources to support the Office of the U.S. Trade Representative’s small business export promotion and trade enforcement activities.
- Improve the Small Business Administration’s (SBA) trade and export finance programs, elevates the Office of International Trade within the SBA and adds export finance specialists to the SBA’s counseling programs.
- Establish the State Export Promotion Grant Program (STEP), which would increase the number of small businesses that export.