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H.R. 3976: Enhancing Exports Through Entrepreneurship Act of 2012

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H.R. 3976: Enhancing Exports Through Entrepreneurship Act of 2012

112th Congress · introduced 2012-02-08 · Commerce · Latest: Referred to the Subcommittee on Terrorism, Nonproliferation, and Trade.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2012-02-08 · official record
  2. Who proposed it: Rep. Velazquez, Nydia M. [D-NY-12] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the Subcommittee on Terrorism, Nonproliferation, and Trade. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Enhancing Exports Through Entrepreneurship Act of 2012

Plain summary

Enhancing Exports Through Entrepreneurship Act of 2012 - Amends the Internal Revenue Code to provide a small business export expansion credit of 25% of export expansion expenses. Amends the Small Business Act to direct the Office of International Trade (Office) to compile and update annually, for small businesses and their partner entities, a document that contains: (1) the tariff schedules of all foreign countries; and (2) for each of the 50 foreign countries to which the highest total value of U.S. goods and services are exported, specified information on the demand for goods and services in that country. Requires the Office to identify and advertise programs and services to small businesses, including federal programs and services, that facilitate the matching of foreign customers to small businesses. Amends the Export-Import Bank Act of 1945 to increase, from 20% to 30% of the aggregate annual loan authority available to the Export-Import Bank, the amount to be used to finance small business exports. Amends the Foreign Assistance Act of 1961 to increase the proportion and percentage of projects and assistance financed for small businesses by the Overseas Private Investment Corporation. Provides limitations on duties under the Harmonized Tariff Schedule that apply to certain goods and services imported into the United States for use by small businesses in their regular operations.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Enhancing Exports Through Entrepreneurship Act of 2012

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Velazquez, Nydia M. [D-NY-12] · 0 cosponsors

Cost estimate: No cost estimate published yet.

Sponsor's campaign money: Rep. Velazquez, Nydia M. [D-NY-12] reported raising $180,257 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Sources

Record fed-us-cong112-hr3976 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112