American Export Promotion Act of 2015

Bill: 114-hr-2729
Sponsor: full_name: Rep. Boyle, Brendan F. [D-PA-13]
Introduced: 2015-06-11
Policy area: Foreign Trade and International Finance
Subjects: Competitiveness, trade promotion, trade deficits

Department of Commerce

Executive agency funding and structure

Public-private cooperation

Small business
Latest action: action_date: 2015-08-20
text: Referred to the Subcommittee on Terrorism, Nonproliferation, and Trade.

Summaries:
action_date: 2015-06-11
action_desc: Introduced in House
text: <p><b>American Export Promotion Act of 2015</b></p> <p> Authorizes appropriations for the Manufacturing and Services unit of the International Trade Administration (ITA) of the Department of Commerce for the ITA's Market Development Cooperator Program.</p> <p>Requires, in the use of such funds, a preference to be given to activities that: </p> <ul> <li> assist small- and medium-sized U.S. businesses, and </li> <li> will create or sustain the greatest number of jobs or obtain the maximum return on investment.</li> </ul>

tv_txt: I 114th CONGRESS 1st Session H. R. 2729 IN THE HOUSE OF REPRESENTATIVES June 11, 2015 Mr. Brendan F. Boyle of Pennsylvania (for himself and Mr. Meehan ) introduced the following bill; which was referred to the Committee on Foreign Affairs A BILL To authorize appropriations to the Secretary of Commerce to establish public-private partnerships under the Market Development Cooperator Program of the International Trade Administration, and for other purposes.

1. Short title This Act may be cited as the American Export Promotion Act of 2015 . 2. Additional funding for the market development cooperator program of the Department of Commerce (a) In general There is authorized to be appropriated to the Secretary of Commerce, for the period beginning on the date of the enactment of this Act and ending on the last day of the 18th month thereafter, $4,000,000 for the Manufacturing and Services unit of the International Trade Administration— (1) to establish public-private partnerships under the Market Development Cooperator Program of the International Trade Administration; and (2) to underwrite a portion of the start-up costs for new projects carried out under that Program to strengthen the competitiveness and market share of United States industry, not to exceed, for each such project, the lesser of— (A) 1/3 of the total start-up costs for the project; or (B) $500,000. (b) Requirements In obligating and expending the funds appropriated pursuant to subsection (a), the Secretary of Commerce shall give preference— (1) to activities that assist small- and medium-sized businesses in the United States; and (2) to activities that the Secretary determines will create or sustain the greatest number of jobs in the United States or obtain the maximum return on investment.