Export Promotion Act

This bill establishes the Export Promotion Agency in the Department of Commerce, to be headed by an Under Secretary of Commerce for Export Promotion.

There are transferred to the Agency the functions of each of the following:

• the International Trade Administration,
• the Office of International Trade of the Small Business Administration,
• the Trade and Development Agency,
• the Export Credit Guarantee Program and the Facilities Guarantee Program of the Department of Agriculture, and
• the Bureau of Economic and Business Affairs of the Department of State.

The Under Secretary shall develop:

• an organizational structure for the Agency that consolidates programs and eliminates duplicative programs; and
• metrics to measure performance with respect to the total U.S. exports and number of U.S. businesses exporting (including exports assisted by the Agency), as well as number of businesses present in key foreign markets.