Sec. 9. Strengthening support for U.S. small businesses
365 words·~2 min read·
/bill/116/hr/4863/rh/section-9A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 2(b)(1) of the Export-Import Bank Act of 1945 ( 12 U.S.C. 635(b)(1) ) is amended by striking subparagraph (E)(i)(I) and inserting the following: It is further the policy of the United States to encourage the participation of small business (including women-owned businesses, minority-owned businesses, veteran-owned businesses, businesses owned by persons with disabilities, and businesses in rural areas) and start-up businesses in international commerce, and to educate such businesses about how to export goods using the United States Export Finance Agency. .
Within 120 days after the date of the enactment of this Act, the United States Export Finance Agency shall prepare and submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a comprehensive outreach plan to ensure that small business owners are aware of the financing options available to them through the Agency. The plan shall include— input from the Small Business Administration and statewide small business coalitions with operations in rural, urban, and suburban regions; an emphasis on outreach to businesses owned by women, minorities, veterans, and persons with disabilities; and a proposed budget for carrying out the plan during fiscal years 2020 through 2029, that provides for the spending of at least $1,000,000 annually for outreach to small businesses.
Section 2(b)(1)(E) of such Act ( 12 U.S.C. 635(b)(1)(E) ) is amended by adding at the end the following: After consultation with the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate, the Agency shall implement the outreach plan referred to in section 9(b)(1) of the United States Export Finance Agency Act of 2019. . Section 2(b)(1)(E)(v) of such Act ( 12 U.S.C. 635(b)(1)(E)(v) ) is amended by adding at the end the following:
For the purpose of calculating the amounts of authority required under this clause, the Agency shall, with respect to insurance, exclude unutilized authorizations that terminated during the fiscal year. . Section 2(b)(1)(E)(v) of such Act ( 12 U.S.C. 635(b)(1)(E)(v) ) is amended by striking 25 and inserting 30 . The amendment made by paragraph
(1)shall take effect on October 1, 2028.
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 9
Strengthening support for U.S. small businesses
Cites 1Cited by 0 across 0 sources