S. 1546 · 114th Congress
Ensuring Small Businesses Can Export Act of 2015
- Stage
- In committee
- Sponsor
- David Vitter
- Introduced
- 2015-06-10
- Latest action
- 2015-06-10 · Introduced in Senate
Summary
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.