House Proceeding on Sep 4th, 2007 :: 0:36:10 to 0:39:35
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0:34:09 to 0:36:10( Edit History Discussion )
Speech By: Steve Chabot

0:35:58 to 0:36:10( Edit History Discussion )

Steve Chabot: original co-sponsors, the gentleman from pennsylvania, mr. sestak, who is also the vice chair of the small business committee, as much time as he may consume. the speaker pro tempore: the

0:36:10 to 0:36:22( Edit History Discussion )

Joe Sestak: gentleman is recognized. mr. sestak: thank you. mr. chairman, i ask unanimous consent to revise and extend my remarks. the speaker pro tempore: without objection. mr. sestak: thank you, mr. speaker.

0:36:10 to 0:39:35( Edit History Discussion )
Speech By: Joe Sestak

0:36:22 to 0:36:36( Edit History Discussion )

Joe Sestak: thank you, madam chairwoman, and ranking member, i very much appreciate your support on this bill. i rise to speak highly of it in particularly with my colleague, mr. john hall, who is also

0:36:36 to 0:36:47( Edit History Discussion )

Joe Sestak: an original co-sponsor. i believe this bill has a lot to do with enhancing global competitiveness of american small businesses. in fact, in may i held an economic summit in my district. in partnership

0:36:47 to 0:36:59( Edit History Discussion )

Joe Sestak: with the u.s. export assistae center in philadelphia. the day's program aimed to provide business owners with information about the resources and services provided by the local, state, and

0:36:59 to 0:37:09( Edit History Discussion )

Joe Sestak: federal government. the panels that day particularly focused on how to help local small businesses export their products to foreign markets. as well as on how firms interested in expanding

0:37:09 to 0:37:22( Edit History Discussion )

Joe Sestak: their businesses overseas could have obtained trade financing. i was extremely encouraged by the number of small business owners interested in expanding their business into overseas markets

0:37:22 to 0:37:34( Edit History Discussion )

Joe Sestak: during this summit. however, this should come as no surprise since small businesses make up 97% of all exporters and have contributed greatly to the growth of exports overseas. there is promise in

0:37:34 to 0:37:47( Edit History Discussion )

Joe Sestak: the ex-- economic impact of trade amongng small businesses. for example, with assistance from the philadelphia export assistance center, nelson kellerman, a small business in my district that

0:37:47 to 0:37:57( Edit History Discussion )

Joe Sestak: designs and manufacturers waterproof electronics for the use in the rowingtry works with trade specialists to expand globally. since 2001 has signed nine dealer agreements in germany and

0:37:57 to 0:38:11( Edit History Discussion )

Joe Sestak: successfully sold products in southeast asia, europe, central america, and the middle east. the firm continues to utilize the export assistance center for business counseling and guidance

0:38:11 to 0:38:22( Edit History Discussion )

Joe Sestak: to further expand their business overseas. however, i also saw during my district's economic summit that small exporters also face numerous challenges such as the higher transaction cost than

0:38:22 to 0:38:33( Edit History Discussion )

Joe Sestak: they do big business. they assume greater risk than larger exporters and they experience burdensome custom requirements which limit their access to foreign markets impeding small firms from maximizing

0:38:33 to 0:38:45( Edit History Discussion )

Joe Sestak: their full potential to expand their enterprises. this legislation not only addresses the need for a focus on assisting in overseas trading by calling for an annual trade strategy to increase

0:38:45 to 0:38:56( Edit History Discussion )

Joe Sestak: exports, but also, mr. speaker, also enhances the level of export assistance by increasing access to capital and establishing programs for trade adjustment assistance to help small firms adjust to

0:38:56 to 0:39:06( Edit History Discussion )

Joe Sestak: ever changing global economic conditions and demands. i believe the small business administration trade act is a comprehensive sclagse that -- legislation that is critical to the economic security

0:39:06 to 0:39:16( Edit History Discussion )

Joe Sestak: of our nation and urge my colleagues to support this legislation. mr. speaker, i yield back the balance of my time. the speaker pro tempore: the gentleman from ohio. mr. chabot: i continue to

0:39:16 to 0:39:23( Edit History Discussion )

Joe Sestak: reserve, mr. speaker. the speaker pro tempore: the gentlelady from new york. ms. velazquez: mr. speaker, i yield to the gentlelady from ohio, ms. sutton, as much time as she may consume. the

0:39:23 to 0:39:35( Edit History Discussion )

Joe Sestak: speaker pro tempore: the gentlelady from ohio is recognized. ms. sutton: mr. speaker, i ask unanimous consent to revise and ev extend my remarks. the speaker pro tempore: without objection,

0:39:35 to 0:39:47( Edit History Discussion )

Betty Sue Sutton: so ordered. ms. sutton: mr. speaker, i rise in strong support of h.r. 2992, the s.b.a. trade programs act. i want to thank congressman hall for introducing this important bill and for his continued

0:39:35 to 0:42:54( Edit History Discussion )
Speech By: Betty Sue Sutton