3.0.0 3663 2023-01-12T17:52:29Z 2023-01-12T17:52:29Z Senate S S 2006-07-14 109 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2006-07-14T15:14:04Z 2006-07-14 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S7556) IntroReferral 2006-07-14 Sponsor introductory remarks on measure. (CR S7555-7556) IntroReferral B00100 9 Library of Congress 2006-07-14 Introduced in Senate IntroReferral 10000 9 Library of Congress L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA N K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2006-07-14 True B001233 Sen. Bayh, Evan [D-IN] EVAN BAYH D IN 2006-07-14 True P000590 Sen. Pryor, Mark L. [D-AR] Mark Pryor D AR Lunsford 2006-07-14 True Commerce Alabama Economics and Public Finance Federal employees Federally-guaranteed loans Finance and Financial Sector Foreign Trade and International Finance Foreign trade promotion Government Operations and Politics Government lending Hurricane aftermath legislation Louisiana Mississippi Small Business Administration Small business Commerce 00 2006-07-14 Introduced in Senate 2006-09-21T19:31:30Z Small Business International Trade Enhancements Act of 2006 - Amends the Small Business Act to increase: (1) the ceiling on a Small Business Administration (SBA) international trade loan (ITL) guarantee under the Export Working Capital Program from $1.75 million to $2.75 million; (2) the maximum ITL to $3.67 million; and (3) the maximum available for export working capital, supplies, or financing from $1.25 million to $2 million.

Allows the use of an ITL for working capital.

Allows an ITL to be secured by a second lien position on the property or equipment financed by the loan or on other assets of the small business concern. (Currently a first lien position or first mortgage on the property, equipment, or other business assets is required.)

Directs the SBA Administrator to assign to the Office of International Trade (OIT) one additional full-time international finance specialist to carry out the export promotion efforts in Louisiana, Mississippi, and Alabama. Requires such specialist to be located at the U.S. Export Assistance Center in the New Orleans, Louisiana.

Directs the Administrator to ensure that the number of full-time equivalent OIT employees (international finance specialists) assigned to the district and foreign one-stop shops for U.S. exporters operated by the United States and Foreign Commercial Service is at least the number of such employees (16) so assigned on January 1, 2006.

]]> Small Business International Trade Enhancements Act of 2006 Display Title Small Business International Trade Enhancements Act of 2006 Official Title as Introduced A bill to amend the Small Business Act to increase the maximum amount for international trade loans, to direct the Administrator of the Small Business Administration to assign an international finance specialist, and for other purposes. Introduced in Senate IS Short Titles as Introduced Small Business International Trade Enhancements Act of 2006 Introduced in Senate 2006-07-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s3663is/xml/BILLS-109s3663is.xml 2006-07-14 Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S7556) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.