H.R.3976 - Enhancing Exports Through Entrepreneurship Act of 2012

To provide exporting assistance to small business concerns, and for other purposes. view all titles (2)

All Bill Titles

  • Short: Enhancing Exports Through Entrepreneurship Act of 2012 as introduced.
  • Official: To provide exporting assistance to small business concerns, and for other purposes. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
02/08/12
 
 
 
 
 
 
 

Official Summary

Enhancing Exports Through Entrepreneurship Act of 2012 - Amends the Internal Revenue Code to provide a small business export expansion credit of 25% of export expansion expenses. Amends the Small Business Act to direct the Office of International Trade (Office) to compile and update annuall

Official Summary

Enhancing Exports Through Entrepreneurship Act of 2012 - Amends the Internal Revenue Code to provide a small business export expansion credit of 25% of export expansion expenses. Amends the Small Business Act to direct the Office of International Trade (Office) to compile and update annually, for small businesses and their partner entities, a document that contains:
(1) the tariff schedules of all foreign countries; and
(2) for each of the 50 foreign countries to which the highest total value of U.S. goods and services are exported, specified information on the demand for goods and services in that country. Requires the Office to identify and advertise programs and services to small businesses, including federal programs and services, that facilitate the matching of foreign customers to small businesses. Amends the Export-Import Bank Act of 1945 to increase, from 20% to 30% of the aggregate annual loan authority available to the Export-Import Bank, the amount to be used to finance small business exports. Amends the Foreign Assistance Act of 1961 to increase the proportion and percentage of projects and assistance financed for small businesses by the Overseas Private Investment Corporation. Provides limitations on duties under the Harmonized Tariff Schedule that apply to certain goods and services imported into the United States for use by small businesses in their regular operations.

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