[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5798 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 5798

To amend the Export Enhancement Act of 1988 to improve export promotion 
                  activities, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 17, 2012

 Mr. McDermott (for himself and Mr. Reichert) introduced the following 
 bill; which was 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

_______________________________________________________________________

                                 A BILL


 
To amend the Export Enhancement Act of 1988 to improve export promotion 
                  activities, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Efficient Export Promotion to Help 
American Businesses Act of 2012''.

SEC. 2. IMPROVED COORDINATION OF EXPORT PROMOTION ACTIVITIES OF FEDERAL 
              AGENCIES.

    Section 2312(b) of the Export Enhancement Act of 1988 (relating to 
the Trade Promotion Coordinating Committee; 15 U.S.C. 4727(b)) is 
amended--
            (1) in paragraph (5), by striking ``and'' after the 
        semicolon;
            (2) by redesignating paragraph (6) as paragraph (7); and
            (3) by inserting after paragraph (5) the following:
            ``(6) in making assessments under paragraph (5)--
                    ``(A) review the proposed annual budget of each 
                agency described in paragraph (5) before the agency 
                submits the budget to the Office of Management and 
                Budget and the President for inclusion in the budget of 
                the United States submitted to Congress under section 
                1105(a) of title 31, United States Code, to ensure each 
                agency coordinates with the other agencies described in 
                paragraph (5) on enforcement, promotion of foreign 
                direct investment, performance outreach, centralization 
                of information for exporters, and other duties 
                described in paragraphs (1) through (5); and
                    ``(B) recommend the combining and simplification of 
                programs and the termination of redundant programs and 
                changes in funding to meet the strategic plan as 
                described in its annual report to Congress under 
                subsection (f); and''.

SEC. 3. IMPROVED REPORTING ON EXPORT PROMOTION ACTIVITIES TO ASSIST 
              UNITED STATES BUSINESSES.

    Section 2312(f) of the Export Enhancement Act of 1988 (relating to 
the Trade Promotion Coordinating Committee; 15 U.S.C. 4727(f)) is 
amended--
            (1) in the matter preceding paragraph (1), by striking 
        ``Committee on International Relations'' and inserting 
        ``Committee on Foreign Affairs'';
            (2) in paragraph (1), by striking ``and'' after the 
        semicolon;
            (3) in paragraph (2), by striking the period at the end and 
        inserting a semicolon;
            (4) by adding at the end the following:
            ``(3) an analysis of efforts of the TPCC and each agency 
        described in subsection (b)(5) compared to export promotion 
        efforts of other countries with the largest export volumes, as 
        well as countries with the fastest-growing export volumes, and 
        countries with effective export promotion programs, including 
        actions taken in the prior year taken to compete more 
        effectively;
            ``(4) an analysis of factors that inhibit exports by each 
        State and region of the United States, including actions taken 
        to address such factors;
            ``(5) a description of industry areas for strategic growth 
        and changes to exports that represent strategic threats to the 
        overall security of the United States; and
            ``(6) a prioritized list of legislative recommendations 
        that, if enacted, the TPCC believes would lead to an increase 
        of exports and more efficient export promotion.''; and
            (5) by further adding at the end the following:
``The report required under this subsection shall include the input and 
review by the business community before publication and be made 
available on the TPCC website and the Department of Commerce 
website.''.

SEC. 4. IMPROVING THE ACCURACY OF IMPORT AND EXPORT REPORT DATA AND 
              OTHER ECONOMIC REPORTS.

    (a) In General.--Paragraph (1) of section 6103(j) of the Internal 
Revenue Code of 1986 is amended--
            (1) in subparagraph (B) by inserting ``sole proprietorships 
        with gross receipts from a trade or business of more than 
        $750,000 for the taxable year, partnerships, and'' before 
        ``corporations'', and
            (2) by adding at the end the following: ``Return 
        information with respect to a sole proprietorship disclosed 
        under the preceding sentence shall be limited to information 
        related to the trade or business of the sole proprietorship.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply with respect to reports issued for 2011 and thereafter.
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