New Legislation Neglects Small Exporters’ Biggest Need

A Cosco Pacific container ship enters the Port of Long Beach in California Photograph by Tim Rue/Bloomberg

Less than 1 percent of U.S. companies export goods and services, according to the Department of Commerce, and President Obama has pushed to double exports by 2015. To help small firms tap foreign markets, Representative Sam Graves, a Missouri Republican who chairs the House Small Business Committee, introduced three bills last week that seek to improve federal programs that promote U.S. businesses abroad. “Although 95 percent of the world’s market for products exists outside the U.S., many small firms do not have the resources and personnel to take advantage of these opportunities,” Graves says in a press release.

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