1.This Act may be cited as the
Go Global Act of
2012
.
2.In this Act—
(1)the terms
Administration and Administrator mean the Small
Business Administration and the Administrator thereof, respectively;
(2)the term
Export Assistance Center has the meaning given that term in
section 22(m) of the Small Business Act (15 U.S.C. 649(m)), as so redesignated
by section 303 of this Act; and
(3)the term
small business concern has the meaning given that term under
section 3 of the Small Business Act (15 U.S.C. 632).
<enum>I</enum><header>Status of exports
by small businesses</header>
<section id="idCDDEC820AA084332BBCBC3E1865E4BEB"><enum>101.</enum><header>Status of
exports by small businesses</header><text display-inline="no-display-inline">Congress finds the following:</text>
<paragraph id="id9CCD6E14A6B541D494BE1C66EAC2B0BF"><enum>(1)</enum><text>Ninety-five
percent of the world’s customers are located outside of the borders of the
United States.</text>
</paragraph><paragraph id="idEE1A7F8B6B4A40898FF8C7530AE8BD8A"><enum>(2)</enum><text>Of the
approximately 28,000,000 small business concerns in the United States, fewer
than 1 percent export their goods and services to foreign markets.</text>
</paragraph><paragraph id="id4F1A86F22CBB405DA45F27339D76785B"><enum>(3)</enum><text>The approximately
300,000 small businesses that do export goods and services represent 98 percent
of all identified exporters in the United States and account for more than 30
percent of total United States exports.</text>
</paragraph><paragraph id="idE9397D30A8B240B9BCCD43243F28EFED"><enum>(4)</enum><text>Jobs created by
exports pay, on average, 15 to 20 percent more than jobs created by goods and
services sold in the United States.</text>
</paragraph><paragraph id="idFE585858072E4CFAAF16100B258F62FB"><enum>(5)</enum><text>Small businesses
are well positioned to increase their customer base and create new jobs by
expanding to foreign markets.</text>
</paragraph></section><enum>II</enum><header>Facilitation of
export opportunities for small business concerns</header>
<section id="idE9C54485AC964F4EB629DAC96A67A248"><enum>201.</enum><header>Export finance
specialists</header><text display-inline="no-display-inline">Section 22(k)(1)
of the Small Business Act (15 U.S.C. 649(k)(1)) is amended by adding at the end
the following:</text>
<quoted-block display-inline="no-display-inline" id="idEDC3548140D84099B22A9BB7B45EFE47" style="OLC">
<subparagraph id="idA90BC714C9EA4986B1E95A8052F62540"><enum>(C)</enum><header>Additional
export finance specialists</header>
<clause id="idB3467791086E4AA485F9A57FD779D8FA"><enum>(i)</enum><header>In
general</header><text>The Administrator may employ more than the minimum number
of export finance specialists required under subparagraph (A) based on the
demand for export finance specialists in the 15 States with the greatest volume
of exports, as determined in accordance with the study required under section
1205(b) of the Small Business Jobs Act of 2010 (15 U.S.C. 649 note).</text>
</clause><clause id="id9A18764CC2544C91B1A82D7ACFCD0887"><enum>(ii)</enum><header>Maximum number
of export finance specialists</header><text>The Administrator may not employ
more than 50 export finance specialists.</text>
</clause></subparagraph><subparagraph id="id71B4117BDAA649E2BA77C2CBC2B50C7F"><enum>(D)</enum><header>Authorization
of appropriations</header><text>There are authorized to be appropriated to the
Administrator such sums as may be necessary to carry out this
paragraph.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="IDd503120d7aad45818c89f76a0f31a347"><enum>202.</enum><header>Promotion of
exports by rural small businesses</header>
<subsection id="id77850E9AABC54814806E550FFF02E657"><enum>(a)</enum><header>Small Business
Administration—United States Department of Agriculture interagency
coordination</header>
<paragraph id="id78A77D5248B74DC3BF0D3D236911E31F"><enum>(1)</enum><header>Export
financing programs</header><text display-inline="yes-display-inline">In
coordination with the Secretary of Agriculture, the Administrator shall develop
a program to cross-train export finance specialists and personnel from the
Office of International Trade of the Administration on the export financing
programs of the Department of Agriculture and the Foreign Agricultural
Service.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID5c689e52d75240a7a1b4d867dfd04dc3"><enum>(2)</enum><header>Export
assistance and business counseling programs</header><text>In coordination with
the Secretary of Agriculture and the Foreign Agricultural Service, the
Administrator shall develop a program to cross-train export finance
specialists, personnel from the Office of International Trade of the
Administration, Small Business Development Centers, women's business centers,
the Service Corps of Retired Executives authorized by section 8(b)(1) of the
Small Business Act (15 U.S.C. 637(b)(1)), Export Assistance Centers, and other
resource partners of the Administration on the export assistance and business
counseling programs of the Department of Agriculture.</text>
</paragraph></subsection><subsection id="idEDD4D86AC15B41F5BB01188D5E7CD088"><enum>(b)</enum><header>Report on
lenders</header><text display-inline="yes-display-inline">Section 7(a)(16)(F)
of the Small Business Act (15 U.S.C. 636(a)(16)(F)) is amended—</text>
<paragraph id="id0F724BD4941A4ECD8CE738CFF57A4121"><enum>(1)</enum><text display-inline="yes-display-inline">in clause (i)—</text>
<subparagraph id="id6D25259F555E47C2A8B5F8830401EE30"><enum>(A)</enum><text display-inline="yes-display-inline">by redesignating subclauses (I) through
(III) as items (aa) through (cc), respectively, and adjusting the margins
accordingly;</text>
</subparagraph><subparagraph id="id8B72D1889B1043348A9194C729EDBA3E"><enum>(B)</enum><text>by striking
<quote>list, have made</quote> and inserting the following: “list—</text>
<quoted-block display-inline="no-display-inline" id="idFF63D60113F544B3885F7747BDB06EE7" style="OLC">
<subclause id="id154EF3B470564694984E1779B551BA2F"><enum>(I)</enum><text>have
made</text>
</subclause><after-quoted-block>;</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="id186394AF7DB94F63A7B0D3ED14BDE28C"><enum>(C)</enum><text>in item (cc), as
so redesignated, by striking the period at the end and inserting <quote>;
and</quote>; and</text>
</subparagraph><subparagraph id="idAEAAE25322E84524BC8EAFED437B7051"><enum>(D)</enum><text>by adding at the
end the following:</text>
<quoted-block display-inline="no-display-inline" id="id988BF7FDA49346849E25A68670C72C05" style="OLC">
<subclause id="idBF03F5271BE04C4BA0F530CD3BBA8C26"><enum>(II)</enum><text>were located in
a rural area, as that term is defined in section 1393(a)(2) of the Internal
Revenue Code of 1986, or a nonmetropolitan statistical area and have
made—</text>
<item id="id07C5F70728754F08A66B89FAB0CAC7BB"><enum>(aa)</enum><text>loans guaranteed
by the Administration; or</text>
</item><item id="id7BB7B5A6368A4D1795E2C49F3E257835"><enum>(bb)</enum><text>loans through
the programs offered by the United States Department of Agriculture or the
Foreign Agricultural Service.</text>
</item></subclause><after-quoted-block>;
and</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="idCC7AA3B3360F410A8CF79979DA535AB4"><enum>(2)</enum><text>in clause
(ii)(II), by inserting <quote>and by resource partners of the
Administration</quote> after <quote>the Administration</quote>.</text>
</paragraph></subsection><subsection id="idB202B1BF13EF4004AFD5BD83612EB316"><enum>(c)</enum><header>Cooperation
with small business development centers</header><text>Section 21(c)(3)(M) of
the Small Business Act (15 U.S.C. 648(c)(3)(M)) is amended by inserting after
<quote>the Department of Commerce,</quote> the following: <quote>the Department
of Agriculture,</quote>.</text>
</subsection><subsection id="IDdbf788fbe8a6483bacbee8fc3d6d888f"><enum>(d)</enum><header>List of rural
export assistance resources</header><text>Section 22(c)(7) of the Small
Business Act (15 U.S.C. 649(c)(7)) is amended—</text>
<paragraph id="id53C666557A7543F0977BB485F27A09C3"><enum>(1)</enum><text>in subparagraph
(C), by striking <quote>and</quote> at the end;</text>
</paragraph><paragraph id="idD3EB1FB40DE84BD0B4DA98274612CE6E"><enum>(2)</enum><text>by redesignating
subparagraph (D) as subparagraph (E); and</text>
</paragraph><paragraph id="id96BBE982335A4E708226F5DBF0FEB42F"><enum>(3)</enum><text>by inserting
after subparagraph (C) the following:</text>
<quoted-block display-inline="no-display-inline" id="id20FFD0BF5B334BE5953DE356A6E954D0" style="OLC">
<subparagraph id="ID95f76354a2e44d96b28e30110641318d"><enum>(D)</enum><text>publishing an
annual list of relevant resources and programs of the district and regional
offices of the Administration, other Federal agencies, the small business
development center network, Export Assistance Centers, the network of women's
business centers, chapters of the Service Corps of Retired Executives, State
and local export promotion programs, and partners in the private sector,
that—</text>
<clause id="ID9f17df2a5823429b9b1d266d9121fb2a"><enum>(i)</enum><text>are administered
or offered by entities located in rural or nonmetropolitan statistical areas;
and</text>
</clause><clause id="IDc51cfe221d5546c4b9292cd68bebf2c8"><enum>(ii)</enum><text>offer export
assistance or business counseling services to rural small businesses concerns;
and</text>
</clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection></section><section id="IDa644392b78d04e928a8971c8d24cdf86"><enum>203.</enum><header>Registry of
export management and export trading companies</header>
<subsection id="idE16B9BC70CA24EAFA38BDD4DC3A46996"><enum>(a)</enum><header>Coordination
with export management companies and export trading companies</header><text>Not
later than 1 year after the date of enactment of this Act, the Administrator
shall establish a program to register export management companies, as that term
is defined by the Department of Commerce, and export trading companies, as that
term is defined in section 103 of the Export Trading Company Act of 1982 (15
U.S.C. 4002).</text>
</subsection><subsection id="ID0aabdb98657c4b38acb3f4d19fac8139"><enum>(b)</enum><header>Requirements</header><text>The
program established under subsection (a) shall—</text>
<paragraph id="idA36982F75CD74C67B2382A8C024E1146"><enum>(1)</enum><text>be similar to the
program of the Administration for registering franchise companies, as in effect
on the date of enactment of this Act; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id691414CF7FA442D7B82782B28166FA27"><enum>(2)</enum><text>require that a
list of the export management companies and export trading companies that
register under the program, categorized by the type of product exported by the
company, be made available on the website of the Administration.</text>
</paragraph></subsection></section><section id="ID2f348e1a696547878ea655400b20818b"><enum>204.</enum><header>Reverse trade
missions</header><text display-inline="no-display-inline">Section 22(c) of the
Small Business Act (15 U.S.C. 649(c)) is amended—</text>
<paragraph id="id84CC10A3CDA046BEB0C64723341C03C0"><enum>(1)</enum><text display-inline="yes-display-inline">in paragraph (12), by striking
<quote>and</quote> at the end;</text>
</paragraph><paragraph id="id005CC0F706E74F979513D869FC434408"><enum>(2)</enum><text>in paragraph
(13), by striking the period at the end and inserting <quote>; and</quote>;
and</text>
</paragraph><paragraph id="id95A59C4D597B4A35A9F555D1EADDAAC1"><enum>(3)</enum><text>by adding at the
end the following:</text>
<quoted-block display-inline="no-display-inline" id="id78D85A67FB9F490EB7E8E78230AC244B" style="OLC">
<paragraph id="idEBF06BBF71D74B539130E11D4BCD9336"><enum>(14)</enum><text>in coordination
with other relevant Federal agencies, encourage the participation of employees
and resources partners of the Administration in reverse trade missions hosted
or sponsored by the Federal
Government.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><section id="idFEF6178A6C474DF092BCC48A43679709"><enum>205.</enum><header>Export
expansion incentive program</header>
<subsection id="idCC27611C043742468CCAB2000EDD393B"><enum>(a)</enum><header>Fee
waiver</header><text display-inline="yes-display-inline">The Administrator may
waive a fee otherwise applicable under paragraph (18)(A) or (23)(A) of section
7(a) of the Small Business Act (15 U.S.C. 636(a)) for a loan guaranteed under
such section 7(a) on or after the date of enactment of this Act, if—</text>
<paragraph id="id4C209BF79A704F0A88FEA7CBEBA63D4B"><enum>(1)</enum><text display-inline="yes-display-inline">the Administrator determines that the loan
will be used to help a small business concern export for the first time;
or</text>
</paragraph><paragraph id="idDFB70937020F4162A6D94E985FE30BF6"><enum>(2)</enum><text display-inline="yes-display-inline">the loan is made to a small business
concern certified as eligible to apply for trade adjustment assistance under
chapter 3 of title II of the Trade Act of 1974 (19 U.S.C. 2341 et seq.).</text>
</paragraph></subsection><subsection id="idBC09F7457BC3459B945F543D59DDD393"><enum>(b)</enum><header>Reporting
requirement</header><text display-inline="yes-display-inline">For each of
fiscal years 2013 through 2016, the Administrator shall submit to the Committee
on Small Business and Entrepreneurship of the Senate and the Committee on Small
Business of the House of Representatives a report on the waiver of fees under
this section that includes—</text>
<paragraph id="id0F2C7F41FFEF4079BAF7A9CBF6A0B159"><enum>(1)</enum><text display-inline="yes-display-inline">the number of small business concerns that
received a fee waiver under this section in the fiscal year;</text>
</paragraph><paragraph id="id7BDC5E2B11914D8B8A3FF27C95B4F7C0"><enum>(2)</enum><text>an estimate of
the number of loans made under paragraphs (18)(A) and (23)(A) of section 7(a)
of the Small Business Act (15 U.S.C. 636(a)) that would not have been made
without a waiver of fees under this section;</text>
</paragraph><paragraph id="id13F288CE7EC2462995606DE42700A4C5"><enum>(3)</enum><text>the number of
banks or lending institutions that made a loan guaranteed under section 7(a) of
the Small Business Act (15 U.S.C. 636(a)) for the first time because of a
waiver of fees under this section;</text>
</paragraph><paragraph id="id85C0DF8FBD6F459ABC56AA211E6A01CD"><enum>(4)</enum><text>the estimated
number of jobs created by the waiver of fees under this section;</text>
</paragraph><paragraph id="id733343C601FE4E3CB2D759315FAE2D79"><enum>(5)</enum><text>the estimated
total value of the exports financed using a loan for which the Administrator
waived a fee under this section; and</text>
</paragraph><paragraph id="id08019CC78B104124B0E9C78FCA7AB4AD"><enum>(6)</enum><text>recommendations,
if any, for improving or continuing the provisions of this section.</text>
</paragraph></subsection><subsection id="id800002A2B1494C6F815B067EEA5A4D50"><enum>(c)</enum><header>Termination</header><text>The
authority of the Administrator to waive fees under this section shall terminate
on September 30, 2016.</text>
</subsection><subsection id="idBEB77838D26F4EABB761C535A0709B5F"><enum>(d)</enum><header>Reallocation of
funds available for the community adjustment and investment program to the
Export Expansion Investment Program</header>
<paragraph id="id6D315417713B4B72B425590F191A4542"><enum>(1)</enum><header>Termination of
participation in community adjustment and investment program</header><text display-inline="yes-display-inline">Notwithstanding section 543 of the North
American Free Trade Agreement Implementation Act (22 U.S.C. 290m–2), the
President shall terminate, on and after October 1, 2012, the participation of
the Small Business Administration in the community adjustment and investment
program established pursuant to that section.</text>
</paragraph><paragraph id="id4974A33175A4444D81BFB15DB444B465"><enum>(2)</enum><header>Reduction of
capital paid to the North American Development Bank</header><text>The President
shall reduce the amount of the paid-in capital that would otherwise be paid to
the North American Development Bank by the United States for each of the fiscal
years 2013 through 2016 by an amount equal to the amount received by the
President during fiscal year 2012 under section 543(a)(2) of the North American
Free Trade Agreement Implementation Act (22 U.S.C. 290m–2(a)(2)) for the
participation of the Small Business Administration in the community adjustment
and investment program.</text>
</paragraph><paragraph id="id2568667F94014F009881BE2E21AC0EF3"><enum>(3)</enum><header>Availability of
amounts for the Export Expansion Investment Program</header><text>For each of
the fiscal years 2013 through 2016, an amount equal to the amount by which the
President reduces the amount of the paid-in capital paid to the North American
Development Bank under paragraph (1)(B) shall be available to the Administrator
of the Small Business Administration to carry out subsection (a) of this
section.</text>
</paragraph></subsection></section><section id="H587DECC425EC449CB3A62767D8945F32"><enum>206.</enum><header>State Trade and
Export Promotion Grant Program</header><text display-inline="no-display-inline">Section 1207(a)(5) of the Small Business
Jobs Act of 2010 (15 U.S.C. 649b note) is amended by inserting after
<quote>Guam,</quote> the following: <quote>the Commonwealth of the Northern
Mariana Islands,</quote>.</text>
</section><enum>III</enum><header>Coordination of
export promotion resources for small business concerns</header>
<section id="id86C1244514A542D4BC1C47AD2197894F"><enum>301.</enum><header>Increased
small business representation on Federal advisory panels</header><text display-inline="no-display-inline">It is the sense of Congress that the
President and the Federal agencies that are members of the Trade Promotion
Coordinating Committee should include small business concerns on the
appropriate advisory panels, councils, and boards of such Federal agencies,
such that the ratio that the number of members of the advisory panels,
councils, and boards that are small business concerns bears to the total number
of members of the advisory panels, councils, and boards is similar to the ratio
that the number of small business concerns that export bears to the number of
all business concerns in the United States that export.</text>
</section><section id="IDdae00947e582473dbd3304e792b39327"><enum>302.</enum><header>Promotion of
interagency details</header><text display-inline="no-display-inline">It is the
sense of Congress that the Administrator should periodically detail staff of
the Administration to other Federal agencies that are members of the Trade
Promotion Coordinating Committee, to facilitate the cross training of the staff
of the Administration on the export assistance programs of such other
agencies.</text>
</section><section id="IDc32339fcd8b14dd1b377a14884391f0e"><enum>303.</enum><header>Annual export
strategy</header><text display-inline="no-display-inline">Section 22 of the
Small Business Act (15 U.S.C. 649) is amended—</text>
<paragraph id="idA0E2D76433EC496A82D03D5DF711154B"><enum>(1)</enum><text display-inline="yes-display-inline">by redesignating subsection (l) as
subsection (m); and</text>
</paragraph><paragraph id="id05C30F9FBC6C4D98A3A86AE77360362C"><enum>(2)</enum><text display-inline="yes-display-inline">by inserting after subsection (k) the
following:</text>
<quoted-block display-inline="no-display-inline" id="id9E4FD9EA875742658B23DFC13285B50E" style="OLC">
<subsection id="ID94d991c885c948b68eb18718d666d6f9"><enum>(l)</enum><header>Small business
trade strategy</header>
<paragraph id="ID8c97af8f2ede4b019c32e0767708b9aa"><enum>(1)</enum><header>Development of
small business trade strategy</header><text>The Associate Administrator shall
develop and maintain a small business trade strategy that is included in the
report on the governmentwide strategic plan for Federal trade promotion
required to be submitted to Congress by the Trade Promotion Coordinating
Committee under section 2312(f)(1) of the Export Enhancement Act of 1988 (15
U.S.C. 4727(f)(1)) that includes, at a minimum—</text>
<subparagraph id="ID5dd9d4b528e04309bd4d4215c864ffe9"><enum>(A)</enum><text>strategies to
increase export opportunities for small business concerns, including a specific
strategy to increase opportunities for small business concerns that are new to
exporting;</text>
</subparagraph><subparagraph id="IDa72a6caded9c43469e34d33e907fff44"><enum>(B)</enum><text>recommendations
to increase the competitiveness in the global economy of small business
concerns in the United States that are part of industries in which small
business concerns account for a high proportion of participating
businesses;</text>
</subparagraph><subparagraph id="IDecdce6f8ad644883b0c47dbcb60e1af5"><enum>(C)</enum><text>recommendations
to protect small business concerns from unfair trade practices, including
intellectual property violations;</text>
</subparagraph><subparagraph id="idE7252096DFD44218B918B85E7F5C4E8A"><enum>(D)</enum><text>recommendations
for strategies to promote and facilitate opportunities in the foreign markets
that are most accessible for small business concerns that are new to exporting;
and</text>
</subparagraph><subparagraph id="ID3ddd3edc6ce149da8fbdab1c4128598b"><enum>(E)</enum><text>strategies to
expand the representation of small business concerns in the formation and
implementation of United States trade policy.</text>
</subparagraph></paragraph><paragraph id="ID9276f44234f14b8986f04ebbecfbb564"><enum>(2)</enum><header>Annual report
to Congress</header><text>At the beginning of each fiscal year, the Associate
Administrator shall submit to the Committee on Small Business and
Entrepreneurship of the Senate and the Committee on Small Business of the House
of Representatives a report on the small business trade strategy required under
paragraph (1), which shall contain, at a minimum—</text>
<subparagraph id="id0B1EBFB67E344246AF95AED18A46E399"><enum>(A)</enum><text>a description of
each strategy and recommendation described in paragraph (1);</text>
</subparagraph><subparagraph id="id86D084B96F8A467D9B3E1282577EB00F"><enum>(B)</enum><text>specific policies
and objectives, together with timelines for the implementation of such policies
and objectives; and</text>
</subparagraph><subparagraph id="id37B7DCA4920844E8A94294B9B78288A1"><enum>(C)</enum><text>a description of
the progress of the Administration in implementing the strategies and
recommendations contained in the report submitted for the preceding fiscal
year.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><section id="ID6120df22a7574431bbddc8c412f6c556"><enum>304.</enum><header>Report on
memoranda of understanding</header>
<subsection id="id73E2596502D34382A3A988723A5DDF78"><enum>(a)</enum><header>Definition</header><text display-inline="yes-display-inline">In this subsection, the term <term>covered
agreement</term> means a memorandum of understanding or strategic alliance
memorandum—</text>
<paragraph id="ID4747a3c244ac4bc7bb712f6f8e806c91"><enum>(1)</enum><text>between the
Administration and another Federal agency, a government agency of a foreign
nation, or any business concern; and</text>
</paragraph><paragraph id="ID9ea58524ed1a46aeb7deeee638381bc9"><enum>(2)</enum><text>that—</text>
<subparagraph id="ID161a89fd7abb4f9b8b0785733dfa9bc2"><enum>(A)</enum><text>was entered
during the 10-year period ending on the date of enactment of this Act;
or</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID7a74af8c442a4f3c85207a78650db346"><enum>(B)</enum><text>the Administrator
intends to enter during the 1-year period beginning on the date of enactment of
this Act.</text>
</subparagraph></paragraph></subsection><subsection id="ID1d1145b5be994e53b08b41aaa452f91f"><enum>(b)</enum><header>Report
required</header><text>Not later than 6 months after the date of enactment of
this Act, the Administrator, in consultation with the Secretary of Agriculture
and the Secretary of Commerce, shall submit to the Committee on Small Business
and Entrepreneurship of the Senate and the Committee on Small Business of the
House of Representatives a report on covered agreements that contains—</text>
<paragraph id="IDad4787868c4b4b4faaf2baa3a0b5c273"><enum>(1)</enum><text>the primary
purpose of each covered agreement;</text>
</paragraph><paragraph id="id67D6BCB60F5645EFABEF0ED70C7365D2"><enum>(2)</enum><text>the benefit to
small business concerns of each covered agreement;</text>
</paragraph><paragraph id="idC573CAA237B640A6BAFD2F236963EC18"><enum>(3)</enum><text>the date on which
each covered agreement will expire; and</text>
</paragraph><paragraph id="ID0ab0f09c933447c4a8fb76eee94dc30e"><enum>(4)</enum><text>any additional
information determined appropriate by the Administrator.</text>
</paragraph></subsection></section>