HR 1937 · 100th Congress · Commerce
Small Business Export Innovation Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on Exports, Tourism and Special Problems.(1987-04-23)
Plain Language Summary
[AI summary unavailable — showing source text]
Small Business Export Innovation Act - Amends the Small Business Act to establish within the Small Business Administration the Small Business Export Innovation Office. Requires the Office to administer a Small Business Export Innovation Program under which the Office shall make competitive awards to small businesses to develop export trade strategies and knowledge of foreign markets. Requires the first phase of awards to involve matching awards of $25,000 to fund the export trade objectives described in export increase proposals submitted by selected applicants. Requires the second phase to involve additional $10,000 awards to those recipients who best developed export trade strategies and knowledge of foreign markets. Provides that a small business must have been in operation for at least two years to be eligible to apply for such an award. Requires the Office to ensure that at least one small business from each State receives an award. Requires the Office to: (1) make an annual public announcement of the Program specifics; (2) make direct mail solicitations to small businesses and intermediary service firms which could help publicize the Program; (3) report to the Congress annual…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
17 Democrats3 Republicans