Small Business International Trade Enhancements Act of 2007
Latest action · Mar 1, 2007 Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S2504-2505)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 1, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Small Business International Trade Enhancements Act of 2007 - Amends the Small Business Act to establish an Associate Administrator for International Trade as the head of the Office of International Trade of the Small Business Administration (SBA), who shall be responsible for international trade policy. Grants the SBA Administrator the authority to appoint additional Associate Administrators.
Requires United States Export Assistance Centers (export centers/one-stop shops) to aid the Office in maintaining a trade distribution network for trade promotion and trade assistance for small businesses. Requires the Office to establish annual goals to enhance the export capabilities of small businesses and small manufacturers to compete against foreign entities.
Directs the Office, in order to provide small businesses access to certain export financing programs, to appoint at least one trade financial specialist within the SBA to oversee international loan programs and assist SBA employees with trade finance issues.
Directs the SBA Administrator to ensure that the number of full-time equivalent Office employees assigned to one-stop shops for U.S. exporters is at least the number that were assigned on January 1, 2003.
Increases: (1) the total outstanding amount of an international trade loan guaranteed by the SBA under the Export Working Capital Program; (2) the maximum amount of an international trade loan; and (3) the maximum amount available for export working capital, supplies, or financing. Allows such loan to be secured by a second lien position on the property or equipment financed by the loan or on other assets of the small business concern. (Currently, a first lien position or first mortgage on the property, equipment, or other business assets is required.)
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Mar 1, 2007 to Mar 15, 2007, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MA | John F. Kerry | Original | Mar 1, 2007 |
| R-MN | Norm Coleman | Original | Mar 1, 2007 |
| R-ME | Olympia J. Snowe | Original | Mar 1, 2007 |
| D-AR | Mark L. Pryor | Mar 15, 2007 |
Actions 3
Everything that happened, newest first.
- Mar 1, 2007Introduced in Senate
- Mar 1, 2007Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S2504-2505)
- Mar 1, 2007Sponsor introductory remarks on measure. (CR S2503-2504)
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
- Commerce
- Economics and Public Finance
- Executive reorganization
- Exports
- Federal employees
- Federally-guaranteed loans
- Finance and Financial Sector
- Foreign Trade and International Finance
- Foreign trade promotion
- Government lending
- Government Operations and Politics
- Liens
- Manufacturing industries
- Small business
- Small Business Administration
Text 1
Each version as it was printed, newest first.
- Mar 1, 2007Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.