S 2620 · 96th Congress · Commerce

Small Business Export Expansion Act of 1980

Introduced 1980-04-29· Sponsored by Sen. Nelson, Gaylord [D-WI]· Senate

Bill Progress

Introduced
Committee
Senate Vote
4
House
5
Enacted
Latest: See H. R. 5612 as passed Senate for similar provisions.(1980-09-26)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Export Expansion Act of 1980 - Title I: Small Business Export Financing Assistance - Amends the Small Business Act to empower the Small Business Administration, either directly or in cooperation with lending institutions, to extend credit for export purposes to enable small business concerns to develop foreign markets. Limits the extension of such credit to periods of 18 months or less. Sets a maximum of $750,000 outstanding and committed to any borrower from the business loan and investment revolving fund. Allows the Administrator to authorize participating lending institutions to take certain actions on his or her behalf with respect to deferred participation loans. Establishes within the Administration an Office of International Trade to promote sales opportunities for small business goods and services abroad. Requires such Office to: (1) provide small businesses with access to current and complete export information; (2) encourage greater small business participation in trade fairs, shows, missions, and other domestic and overseas export development activities of the Department of Commerce; and (3) assign full-time export development specialists to each Administr…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (19)

11 Democrats8 Republicans