Description:
As ordered reported by the House Committee on Foreign Affairs on July 24, 2013
H.R. 1926 would broaden the duties and expand the membership of the Trade Promotion Coordinating Committee (TPCC), a group made up of representatives from federal agencies and established to set national priorities for trade promotion and coordinate trade promotion activities. The bill would direct the Department of Commerce, acting through the TPCC, to develop a plan to integrate the efforts of state trade promotion agencies into the federal trade promotion program and develop an annual federal-state export strategy for each state that submits an export strategy to the department.
Based on information from the International Trade Administration, the agency that would administer the bill’s provisions, CBO estimates that the TPCC would need six additional employees to meet the bill’s requirements for greater coordination of the federal government’s trade promotion activities with similar efforts by the states. CBO estimates that implementing H.R. 1926 would cost about $4 million over the 2014-2018 period, assuming the availability of appropriated funds, for additional staff, overhead, and reporting costs. Enacting H.R. 1926 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
