1986 is amended by adding at the end the following new 
section: 
‘‘SEC. 45S. CREDIT FOR SMALL BUSINESS COSTS OF EX-
PANDING EXPORT MARKETS. 
‘‘(a) IN GENERAL.—For purposes of section 38, in 
the case of a qualified small business, the small business 
export expansion credit for any taxable year is an amount 
equal to 25 percent of the export expansion expenses of 
the taxpayer paid or incurred during the taxable year. 
‘‘(b) EXPORT EXPANSION EXPENSES.—For purposes 
of this section, the term ‘export expansion expenses’ 
means amounts paid or incurred by the taxpayer for the 
purpose of increasing the amount of goods sold for con-
sumption, or services provided, outside the United States. 
Such term shall not include the cost of goods sold (and 
similar amounts with respect to services provided). 
‘‘(c) QUALIFIED SMALL BUSINESS.—For purposes of 
this section, the term ‘qualified small business’ means a 
small business concern within the meaning of section 3 
of the Small Business Act.’’. 
(b) CREDIT TO BE PART OF GENERAL BUSINESS 
CREDIT.— 
(1) IN GENERAL.—Subsection (b) of section 38 
of such Code is amended by striking ‘‘plus’’ at the 
end of paragraph (35), by striking the period at the 
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end of paragraph (36) and inserting ‘‘, plus’’, and 
by adding at the end the following new paragraph: 
‘‘(37) in the case of a qualified small business 
(as defined in section 45S(c)), the small business ex-
port expansion credit determined under section 
45S(a).’’. 
(2) CREDIT ALLOWABLE AGAINST ALTERNATIVE 
MINIMUM
TAX.—Subparagraph 
(B) 
of 
section 
38(c)(4) of such Code is amended by redesignating 
clauses (vii) through (ix) as clauses (viii) through 
(x), respectively, and by inserting after clause (vi) 
the following new clause: 
‘‘(vii) the credit determined under sec-
tion 45S,’’. 
(c) CLERICAL AMENDMENT.—The table of sections 
for subpart D of part IV of subchapter A of chapter 1 
of such Code is amended by adding at the end the fol-
lowing new item: 
‘‘Sec. 45S. Credit for small business costs of expanding export markets.’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
SEC. 3. AVAILABILITY OF ESSENTIAL TRADE INFORMA-
TION. 
Section 22(c)(7) of the Small Business Act (15 
U.S.C. 649(c)(7)) is amended— 
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(1) in subparagraph (C) by striking ‘‘and’’ at 
the end; 
(2) in subparagraph (D) by inserting ‘‘and’’ 
after the semicolon; and 
(3) by adding at the end the following: 
‘‘(E) compiling in a format that is acces-
sible and able to be understood by the owners 
of small business concerns, making available to 
appropriate partner entities (including small 
business development centers, women’s business 
centers, chapters of the Service Corps of Re-
tired Executives, Veterans Business Outreach 
Centers, and Export Assistance Centers), and 
updating each year a document that contains— 
‘‘(i) the tariff schedules of all foreign 
countries (organized by industry sector); 
and 
‘‘(ii) for each of the 50 foreign coun-
tries to which the highest total value of 
United States goods and services are ex-
ported (as determined by the Associate Ad-
ministrator), information on the demand 
for goods and services in the country, in-
cluding an identification of the 10 industry 
sectors with respect to which the highest 
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total value of United States goods and 
services are exported to the country (as de-
termined 
by 
the 
Associate 
Adminis-
trator);’’. 
SEC. 4. FOREIGN CUSTOMER MATCHMAKING. 
Section 22(c) of the Small Business Act (15 U.S.C. 
649(c)) is amended— 
(1) in paragraph (12) by striking ‘‘and’’ at the 
end; 
(2) in paragraph (13) by striking the period 
and inserting ‘‘; and’’; and 
(3) by adding at the end the following: 
‘‘(14) in coordination with the Department of 
Commerce and other appropriate Federal depart-
ments and agencies, identify and advertise to small 
business concerns programs and services that facili-
tate the matching of foreign customers to small 
business concerns, including— 
‘‘(A) any program administered by a Fed-
eral department or agency that assists small 
business concerns to identify and meet with for-
eign buyers, partners, or sales representatives; 
and 
‘‘(B) any service of a Federal department 
or agency that assists small business concerns 
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to participate in personalized business match-
making, trade missions, reverse trade missions, 
or trade shows.’’. 
SEC. 5. LOANS TO SMALL BUSINESSES BY THE EXPORT-IM-
PORT BANK. 
Section 2(b)(1)(E)(v) of the Export-Import Bank Act 
of 1945 (12 U.S.C. 635(b)(1)(E)(v)) is amended— 
(1) in the first sentence, by inserting ‘‘, and 
from the aggregate loan authority available to it, an 
amount to so finance such exports which shall be not 
less than 30 percent of such authority for each fiscal 
year’’ before the period; and 
(2) by adding at the end the following new sen-
tence: ‘‘The Bank shall charge interest and fees to 
the extent necessary to fully offset the costs of mak-
ing loans under this clause.’’. 
SEC. 6. INCREASE IN SMALL BUSINESS INVESTMENT BY 
OVERSEAS PRIVATE INVESTMENT CORPORA-
TION. 
(a) IN GENERAL.—Title IV of chapter 2 of part I 
of the Foreign Assistance Act of 1961 is amended— 
(1) in section 231(e)(2) (22 U.S.C. 2191(e)(2)), 
by striking ‘‘30 percent’’ and inserting ‘‘40 per-
cent’’; 
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(2) in section 233(b) (22 U.S.C. 2193(b)), by 
striking ‘‘two of the eight’’ and inserting ‘‘three of 
the eight’’; and 
(3) in section 240(a) (22 U.S.C. 2200(a)), by 
striking ‘‘50 percent’’ and inserting ‘‘60 percent’’. 
(b) EFFECTIVE DATE.—The amendments made by 
subsection (a) take effect on the date of the enactment 
of this Act and apply with respect each fiscal year begin-
ning on or after such date of enactment. 
SEC. 7. LIMITATIONS ON DUTIES THAT APPLY TO CERTAIN 
GOODS AND SERVICES IMPORTED INTO THE 
UNITED STATES FOR USE BY SMALL BUSI-
NESS CONCERNS. 
(a) LIMITATION ON HTS DUTIES.—Notwithstanding 
any other provision of law, the rate of duty under the HTS 
that applies to a covered good or covered service that is 
imported into the United States shall not exceed the lesser 
of— 
(1) the rate of duty that applies to the good or 
service on the date on which the good or service is 
purchased by a small business concern; or 
(2) the rate of duty that applies to the good or 
service at the time of entry. 
(b) LIMITATION ON ADDITIONAL DUTIES.— 
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(1) COVERED GOOD.—The term ‘‘covered good’’ 
or ‘‘good’’ means a good that is purchased by a 
small business concern for use in its regular busi-
ness operations. 
(2) COVERED
SERVICE.—The term ‘‘covered 
service’’ or ‘‘service’’ means a service that is pur-
chased by a small business concern for use in its 
regular business operations. 
(3) HTS.—The term ‘‘HTS’’ means the Har-
monized Tariff Schedule of the United States. 
(4) IMPORTER.—The term ‘‘importer’’ means— 
(A) as such term relates to imports of 
goods, one of the parties eligible to file the re-
quired customs entry documentation or infor-
mation pursuant to section 484(a)(2)(B) of the 
Tariff Act of 1930 (19 U.S.C. 1484(a)(2)(B)); 
and 
(B) as such term relates to imports of 
services, the importer of the service as defined 
by the Secretary in rules and regulations pro-
mulgated by the Secretary. 
(5) SMALL
BUSINESS
CONCERN.—The term 
‘‘small business concern’’ has the meaning given 
such term for purposes of the Small Business Act 
(15 U.S.C. 631 et seq.). 
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(6) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Homeland Security. 
(7) TIME
OF
ENTRY.—The term ‘‘time of 
entry’’ means— 
(A) as relates to imports of covered goods, 
the 
time 
generally 
specified 
in 
section 
484(a)(2)(A) of the Tariff Act of 1930 (19 
U.S.C. 1484(a)(2)(A)) and prescribed in regula-
tions (19 C.F.R. 141.68); and 
(B) as relates to imports of services, the 
time specified by the Secretary in rules and reg-
ulations promulgated by the Secretary. 
(f) EFFECTIVE DATE.—This section takes effect on 
the date of the enactment of this Act and applies to cov-
ered goods and covered services entered, or withdrawn 
from warehouse for consumption, on or after the 15th day 
after the date of the enactment of this Act. 
Æ 
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