3.0.0 5798 2022-03-02T15:36:55Z 2022-03-02T15:36:55Z House H HR 2012-05-17 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. McDERMOTT:H.R. 5798.Congress has the power to enact this legislation pursuantto the following:Article 2, Section 8: To make all Laws which shall benecessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H3104]]]> hswm00 Ways and Means Committee House Standing hswm04 Trade Subcommittee Referred to 2012-05-21T14:21:47Z Referred to 2012-05-17T14:01:10Z hsfa00 Foreign Affairs Committee House Standing Referred to 2012-05-17T14:01:05Z 2012-05-21 hswm04 Trade Subcommittee 1 House committee actions Referred to the Subcommittee on Trade. Committee 2012-05-17 Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2012-05-17 Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2012-05-17 Sponsor introductory remarks on measure. (CR E833) IntroReferral B00100 9 Library of Congress 2012-05-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-05-17 Introduced in House IntroReferral 1000 9 Library of Congress M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 N R000578 Rep. Reichert, David G. [R-WA-8] David Reichert R WA G. 8 2012-05-17 True Foreign Trade and International Finance Competitiveness, trade promotion, trade deficits Congressional oversight Government information and archives Tax administration and collection, taxpayers Foreign Trade and International Finance 00 2012-05-17 Introduced in House 2012-08-20T17:17:56Z Efficient Export Promotion to Help American Businesses Act of 2012 - Amends the Export Enhancement Act of 1988, with respect to assessment of federal agency resources in support of export promotion and financing, to require the Trade Promotion Coordinating Committee (TPCC) to: (1) review the proposed annual budget of each federal agency, before it is submitted to the Office of Management and Budget (OMB) and the President, to ensure coordination among federal agencies of enforcement, promotion of foreign direct investment, performance outreach, and centralization of information for exporters; and (2) recommend simplification and termination of redundant programs and changes in funding to meet the government-wide strategic plan for trade promotion efforts.

Revises contents of a TPCC annual report to Congress to include: (1) an analysis of TPCC and agency export promotion and export financing efforts compared to the export promotion efforts of other countries; (2) an analysis of factors, by state and region, that inhibit U.S. exports, including actions taken to address such factors; (3) a description of industry areas for strategic growth and changes to exports that present strategic threats to U.S. security; (4) a prioritized list of legislative recommendations that the TPCC believes would lead to an increase of U.S. exports and more efficient export promotion; and (5) input and review by the business community before being published on the TPCC and the Department of Commerce websites.

Amends the Internal Revenue Code to direct the Secretary of the Treasury, upon request of the Secretary of Commerce, to furnish tax information on returns of sole proprietorships with gross receipts from a trade or business of more than $750,000 a year and partnerships to the Bureau of Economic Analysis.

]]> Efficient Export Promotion to Help American Businesses Act of 2012 Short Titles as Introduced Efficient Export Promotion to Help American Businesses Act of 2012 Display Title Efficient Export Promotion to Help American Businesses Act of 2012 Official Title as Introduced To amend the Export Enhancement Act of 1988 to improve export promotion activities, and for other purposes. Introduced in House 2012-05-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr5798ih/xml/BILLS-112hr5798ih.xml 2012-05-21 Referred to the Subcommittee on Trade. 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.