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Increasing American Jobs Through Greater United States Exports to Africa and Latin America Act of 2023

Source: Congress.gov  ·  1,305 words in original text
This bill asks the President to create a comprehensive strategy for increasing American business activity and trade in Africa and Latin America and the Caribbean. The main goal is to double exports of American goods and services to these regions within 10 years of the law taking effect. The bill also establishes special coordinators to oversee this strategy and requires training for government officials working on trade and development.
The President and federal agencies involved in trade, exports and development. American businesses, private companies and nongovernmental organizations interested in exporting. Government officials stationed overseas who handle trade and business matters. Congress, which must receive reports on the strategy's progress.
- The President must establish a comprehensive strategy focused on increasing exports of American goods and services to Africa and Latin America and the Caribbean by 200 percent in real dollar value within 10 years (Sec. 2(a)(1) and (2)) - The President must designate a Special Africa Export Strategy Coordinator and a Special Latin America and the Caribbean Export Strategy Coordinator to oversee development and implementation of this strategy (Sec. 2(b)) - The President must submit the strategy to Congress no later than 180 days after the law takes effect, and must submit a progress report three years after that date (Sec. 2(a)(4)) - The President must develop a training plan to standardize how government trade officials learn about export financing and development programs, with all overseas commercial officers receiving this training within one year (Sec. 2(d)) - Congress encourages the Secretary of Commerce and other high-level officials to conduct joint trade missions to Africa and to Latin America and the Caribbean within one year of the law taking effect (Sec. 2(c))
The federal government will now have a formal, coordinated strategy for expanding American exports to Africa and Latin America and the Caribbean. Government officials working on trade matters will receive standardized training on export programs and financing tools. The President will appoint two special coordinators to focus specifically on these export goals and regions.
The bill defines several terms: "Development agencies" means the State Department, the United States Agency for International Development, the Millennium Challenge Corporation, the United States International Development Finance Corporation, the United States Trade and Development Agency, the Department of Agriculture, and relevant multilateral development banks. "Multilateral development banks" refers to development banks as defined in another federal law, and includes the African Development Foundation.
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.