SENATE BILL REPORT
SSB 6222
BYSenate Committee on Economic Development & Labor (originally sponsored by Senators Anderson, Fleming, Conner and Smitherman)
Changing the powers and duties of the small business export finance assistance center.
Senate Committee on Economic Development & Labor
Senate Hearing Date(s):January 13, 1988; January 20, 1988
Majority Report: That Substitute Senate Bill No. 6222 be substituted therefor, and the substitute bill do pass.
Signed by Senators Lee, Chairman; Anderson, Vice Chairman; Cantu, Conner, Deccio, McMullen, Saling, Smitherman, Warnke, West, Williams.
Senate Staff:Patrick Woods (786-7430)
February 3, 1988
AS PASSED SENATE, FEBRUARY 1, 1988
BACKGROUND:
The Small Business Export Finance Assistance Center was established in 1983 to assist small and medium-sized businesses in financing their exports. Presently the Center is not authorized to: assist businesses that manufacture products which displace imported goods; provide assistance to state agencies or firms outside of Washington; or assist local businesses that are intending to develop a joint venture partnership with a foreign firm. As a result, the Center has been unable actively to provide assistance to businesses that have requested its services.
SUMMARY:
The Small Business Export Finance Assistance Center's duties and powers are expanded. The Center is permitted to assist out-of-state agencies or firms on a per cost basis, and firms that are intending to develop a joint venture partnership with a foreign company.
Appropriation: none
Revenue: none
Fiscal Note: none requested
Senate Committee - Testified: Gary Smith, Independent Business Association