Bipartisan Senate duo looks to help more small businesses sell goods overseas
Summary
Senators Angela Alsobrooks and Dave McCormick plan to introduce a bill to support small American businesses in selling their products overseas. The bill would make a program permanent that helps local governments assist businesses in getting loans for exporting goods.Key Facts
- Senators Angela Alsobrooks (Democrat from Maryland) and Dave McCormick (Republican from Pennsylvania) are working together on this bill.
- The bill is called the Regional Export Promotion Act.
- The bill focuses on helping small businesses in the U.S. export their products to other countries.
- It aims to make a program at the Export-Import Bank permanent.
- This program helps states and cities connect with small businesses to provide loan support.
- The loans are used to finance the exporting of goods abroad.
- The goal is to expand overseas sales for American small businesses.
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