Bill > S816

This bill aims to significantly boost U.S. exports to Africa, Latin America, and the Caribbean by establishing a comprehensive national strategy to increase exports by 200 percent within 10 years. The President is required to develop this strategy through extensive consultations with Congress, government agencies, multilateral development banks, and private sector stakeholders. The Department of Commerce will designate special coordinators for Africa and Latin America/Caribbean to oversee strategy development and implementation, working with various government agencies like the Export-Import Bank and the U.S. International Development Finance Corporation. The bill also mandates that government trade officers receive standardized training about export promotion programs and calls for joint trade missions to these regions within one year of enactment. Additionally, the strategy will consider the economic impact on importing countries, aiming to improve supply chains, avoid economic disruptions, and promote stable economic growth. The bill includes detailed definitions of key terms and specifies reporting requirements, including a strategy submission within 200 days and a progress report after three years, to be submitted to relevant congressional committees.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/816/all-info