S.1546 - Ensuring Small Businesses Can Export Act of 2015114th Congress (2015-2016)
|Sponsor:||Sen. Vitter, David [R-LA] (Introduced 06/10/2015)|
|Committees:||Senate - Small Business and Entrepreneurship|
|Latest Action:||Senate - 06/10/2015 Read twice and referred to the Committee on Small Business and Entrepreneurship. (All Actions)|
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Summary: S.1546 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in Senate (06/10/2015)
Ensuring Small Businesses Can Export Act of 2015
This bill declares that it is the policy of this Act:
- that, should the statutory authority for the export loan programs administered by the Export-Import Bank of the United States lapse, the Small Business Administration (SBA) shall serve the Bank's small business clients under existing statutory authority of the Small Business Act;
- to create an SBA Export Credit Insurance Program similar to the Bank's; and
- to ensure that small business exporters are served by SBA programs.
The bill also amends the Small Business Act to require the SBA to establish a program to provide insurance for the exports of small businesses, including insurance against nonpayment by international buyers.