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

Hozzl · 2024-01-23T05:15:23Z

Explore the details of Senate Bill 158 Increasing American Jobs Through Greater United States Exports to Africa and Latin America Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Foreign Trade and International Finance. Stay informed on legislative developments.

1/23/2024, 5:15 AM

Summary of Bill S 158

Bill 118 s 158, also known as the Increasing American Jobs Through Greater United States Exports to Africa and Latin America Act of 2023, aims to boost American exports to Africa and Latin America in order to create more jobs in the United States. The bill focuses on increasing trade and economic partnerships with countries in these regions to strengthen the American economy.

The key provisions of the bill include the establishment of a task force to identify opportunities for increased exports to Africa and Latin America, as well as the development of a comprehensive strategy to promote American goods and services in these markets. The bill also calls for the expansion of trade promotion programs and the enhancement of trade financing options for American businesses looking to export to these regions.

Additionally, the bill seeks to address trade barriers and regulatory challenges that American exporters face when doing business in Africa and Latin America. By streamlining trade processes and reducing red tape, the bill aims to make it easier for American businesses to access these markets and compete on a level playing field. Overall, the Increasing American Jobs Through Greater United States Exports to Africa and Latin America Act of 2023 is designed to support American businesses in expanding their export opportunities to these regions, ultimately leading to job creation and economic growth in the United States.

Congressional Summary of S 158

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

This bill requires the President to take certain actions to increase U.S. exports to Africa, Latin America, and the Caribbean.

Specifically, the bill directs the President to establish and submit to Congress a comprehensive U.S. strategy for public and private investment, trade, and development in Africa, Latin America, and the Caribbean. The strategy shall focus on increasing exports of U.S. goods and services to Africa, Latin America, and the Caribbean by at least 200% in real dollar value within 10 years.

Additionally, the bill directs the President to

designate a Special Africa Export Strategy Coordinator,
designate a Special Latin America and the Caribbean Export Strategy Coordinator, and
develop a plan for standardized training of foreign service and economic officers.

Read the Full Bill

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Current Status of Bill S 158

Bill S 158 is currently in the status of Bill Introduced since January 31, 2023. Bill S 158 was introduced during Congress 118 and was introduced to the Senate on January 31, 2023. Bill S 158's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S173-174) as of January 31, 2023

Bipartisan Support of Bill S 158

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 158

Primary Policy Focus

Foreign Trade and International Finance

Potential Impact Areas

AfricaCaribbean areaCompetitiveness, trade promotion, trade deficitsCongressional oversightEmployment and training programsFederal officialsLatin AmericaMultilateral development programs

Alternate Title(s) of Bill S 158

Increasing American Jobs Through Greater United States Exports to Africa and Latin America Act of 2023Increasing American Jobs Through Greater United States Exports to Africa and Latin America Act of 2023A bill to increase United States jobs through greater United States exports to Africa and Latin America, and for other purposes.

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