Congresswoman Ann McLane Kuster Introduces Export Promotion Act
On September 19, 2016, Congresswoman Ann McLane Kuster (D-NH-02) introduced the Export Promotion Act, which would coordinate export promotion efforts by the Federal government. The act was introduced in Nashua, NH at a visit to Geophysical Survey Systems, Inc. The legislation calls for consolidating the Federal government’s largest export promotion programs into one agency under the Department of Commerce. This new Export Promotion Agency would take on and coordinate multiple aspects of the government’s trade initiatives. The agency would help identify foreign markets and business opportunities for small and medium sized U.S. companies looking to export goods.
In announcing the bill, the Congresswoman explained that it would:
Eliminate overlapping programs and redundancies of federal export assistance to maximize limited federal resources.
Enable more efficient metrics to measure the effectiveness and accessibility of export assistance.
Create a “one-stop-shop” to cut bureaucracy and red tape for businesses seeking export assistance.
The New England Council believes the Export Promotion Act would streamline federal export promotion efforts, which will ultimately help businesses better prepare for exports, and is proud to support the legislation.
“American businesses are fortunate that there are a variety of resources available to assist them in exporting; however, these resources are spread across an array of federal agencies, making it challenging for exporters—especially smaller businesses—to identify and access them,” said James T. Brett, President & CEO of the New England Council. “In this legislation, Representative Kuster has put forth a commonsense, practical approach to streamlining and improving access to these federal resources, which will in turn enable more businesses to export, create jobs, and drive economic growth.”