15 U.S.C. § 4001 : US Code - Section 4001: Congressional findings and declaration of purpose

Search 15 U.S.C. § 4001 : US Code - Section 4001: Congressional findings and declaration of purpose

(a) The Congress finds that -
(1) United States exports are responsible for creating and
maintaining one out of every nine manufacturing jobs in the
United States and for generating one out of every seven dollars
of total United States goods produced;
(2) the rapidly growing service-related industries are vital to
the well-being of the United States economy inasmuch as they
create jobs for seven out of every ten Americans, provide 65 per
centum of the Nation's gross national product, and offer the
greatest potential for significantly increased industrial trade
involving finished products;
(3) trade deficits contribute to the decline of the dollar on
international currency markets and have an inflationary impact on
the United States economy;
(4) tens of thousands of small- and medium-sized United States
businesses produce exportable goods or services but do not engage
in exporting;
(5) although the United States is the world's leading
agricultural exporting nation, many farm products are not
marketed as widely and effectively abroad as they could be
through export trading companies;
(6) export trade services in the United States are fragmented
into a multitude of separate functions, and companies attempting
to offer export trade services lack financial leverage to reach a
significant number of potential United States exporters;
(7) the United States needs well-developed export trade
intermediaries which can achieve economies of scale and acquire
expertise enabling them to export goods and services profitably,
at low per unit cost to producers;
(8) the development of export trading companies in the United
States has been hampered by business attitudes and by Government
regulations;
(9) those activities of State and local governmental
authorities which initiate, facilitate, or expand exports of
goods and services can be an important source for expansion of
total United States exports, as well as for experimentation in
the development of innovative export programs keyed to local,
State, and regional economic needs;
(10) if United States trading companies are to be successful in
promoting United States exports and in competing with foreign
trading companies, they should be able to draw on the resources,
expertise, and knowledge of the United States banking system,
both in the United States and abroad; and
(11) the Department of Commerce is responsible for the
development and promotion of United States exports, and
especially for facilitating the export of finished products by
United States manufacturers.
(b) It is the purpose of this chapter to increase United States
exports of products and services by encouraging more efficient
provision of export trade services to United States producers and
suppliers, in particular by establishing an office within the
Department of Commerce to promote the formation of export trade
associations and export trading companies, by permitting bank
holding companies, bankers' banks, and Edge Act corporations and
agreement corporations that are subsidiaries of bank holding
companies to invest in export trading companies, by reducing
restrictions on trade financing provided by financial institutions,
and by modifying the application of the antitrust laws to certain
export trade.