Press Releases

Chabot Introduces Further Legislation to Boost Small Business Trade

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Washington, June 4, 2015 | comments

Chabot Introduces Further Legislation to Boost Small Business Trade

WASHINGTON—Small Business Committee Chairman Steve Chabot (R-OH) introduced a second bill this week to boost small business involvement in international trade. H.R. 2587, the State Trade Coordination Act, furthers the efforts of H.R. 2586, the Export Coordination Act, by opening avenues for various federal trade promotion agencies to coordinate instead of duplicate their efforts with state trade agencies.

At any given time, multiple federal agencies play a role in promoting international trade. The State Trade Coordination Act places consultation and cooperation with individual states at the top of these agencies’ priorities. The bill also requires strategic planning in coordinating resources and accountability measures that give small businesses and taxpayers a greater voice.

If we want our small businesses to be competitive in global markets, we have to make the opportunities and resources available to them as clear and as efficient as possible,” Chabot said. “Coordinating trade efforts with local governments is one of the common sense ways we can identify what our small businesses need to get their goods across borders and oceans, making government more efficient in the process.

For full bill text, click here. For more about the Export Coordination Act, click here.

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