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June 29, 2012
By: TOM BRANNA
Editor
• The Society of Chemical Manufacturers and Affiliates (SOCMA) is rallying for two pieces of legislation aimed at bolstering small business exports by providing these companies with direction and insight they need to navigate this complex process and increase their business opportunities. Recently, House Small Business Committee chairman Sam Graves (R-MO) and Agriculture, Energy and Trade Subcommittee chairman Scott Tipton (R-CO) introduced the Export Coordination Act of 2012 (HR 5393) and the Transparent Rules Allow Direct Exporting (TRADE) for Small Businesses and Jobs Act (HR 5513), respectively. These bills not only would encourage more small businesses to export their products, but they clearly outline the role of various federal agencies in each part of the export process and provide them with a better grasp of foreign regulations, according to SOCMA. Additionally, the Export Coordination Act of 2012 would provide a detailed listing of current and future federal and state-led trade missions, trade fairs and related activities and create stronger congressional oversight of trade programs. More info: www.socma.com
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