PARTICIPATION OF SMALL BUSINESS IN FOREIGN TRADE AND FOREIGN AID A RESOLUTION CREATING A SELECT COMMITTEE TO PROBLEMS OF SMALL BUSINESS JULY 14 AND 15, 1959 WASHINGTON, D.C. Printed for the use of the Select Committee on Small Business SELECT COMMITTEE ON SMALL BUSINESS WRIGHT PATMAN, Texas, Chairman JOE L. EVINS, Tennessee WILLIAM M. MCCULLOCH, Ohio ABRAHAM J. MULTER, New York ARCH 4. MOORE, JR., West Virginia SIDNEY R. YATES, Ilinois WILLIAM H. AVERY, Kansas TOM STEED, Oklahoma H. ALLEN SMITH, California JAMES ROOSEVELT, California HOWARD W. ROBISON, New York CHARLES H. BROWN, Missouri EDWARD J. DERWINSKI, Illinois 1 SUBCOMMITTEE ON FOREIGN TRADE AND FOREIGN AID SIDNEY R. YATES, Illinois, Chairman JOE L. EVINS, Tennessee ARCH A. MOORE, JR., West Virginia ABRAHAM J. MULTER, New York EDWARD J. DERWINSKI, Illinois i 1 Appointed to committee July 28, 1959. II CONTENTS 102 Barnes, Wendell B., Administrator, Small Business Administration.- Kearns, Henry, Assistant Secretary of Commerce for International Affairs, accompanied by Loring K. Macy, Director of the Bureau of Foreign Commerce; John C. Borton, Director of the Office of Export Supply of the Bureau of Foreign Commerce; E.E. Schnellbacher, Director of the Office of Trade Promotion; Robert E. Simpson, Director of the Office of Economic Affairs; and Walter S. Shafer, Director of the Office of International Trade Fairs.- Mena pace, Hon. Robert B., Acting Managing Director, Development Loan Fund ministration, accompanied by Carl Flesher, Acting Deputy Director Waugh, Samuel C., President, Export-Import Bank- Zenick, Manuel, development officer, Development Loan Fund -- Compilation of the mutual security program funds spent for nonmili- tary commodities in the 312 years ending June 3, 1957_- Credits authorized 1934 to March 31, 1959, inclusive, classified by purposes, Export-Import Bank.---- Regulation 1 (as amended November 1957), International Coopera- tion Administration -- Statement on advisability of a requirement to set aside for small busi- ness a certain share of procurement financed under Development Credits by size groups authorized on request of U.S. exporters or finan- cial institutions, fiscal year 1959, Export-Import Bank.. 3 181 52 Appendix A. List of 15 selected press releases-- Appendix B. Analysis of foreign government invitations to bid ---- Appendix C. Small-business participants in U.S. exhibits at interna- tional trade fair express good will in letters to Department of Com- Appendix D. Industry contributors to international trade fairs, fall Appendix E. Suppliers providing equipment or fixtures and donating merchandise and supplies for the “Supermarket, U.S.A.”- Appendix F. Export-Import Bank of Washington: Export-Import Bank operations, fiscal year 1959-- Credits authorized Jan. 1 to June 30, 1959, and recapitulation for period July 1, 1958, to June 30, 1959.- Allocations under credits previously authorized.- Recapitulation of authorizations, by months, July 1, 1958, to June Appendix G. Availability of statistics on participation of small busi- ness in U.S. Foreign Trade, Department of Commerce_ Appendix H. Engineers employed by ICA- Appendix I. ICA construction contracts. Appendix J. Engineering firms used by Development Loan Fund - 175 177 178 179 403SU XL BENDNO PARTICIPATION OF SMALL BUSINESS IN FOREIGN TRADE AND FOREIGN AID TUESDAY, JULY 14, 1959 HOUSE OF REPRESENTATIVES, FOREIGN AID AND BASIC METALS OF THE Washington, D.C. The subcommittee met, pursuant to notice, at 10 a.m., in room 1304, New House Office Building, Hon. Sidney R. Yates (chairman of the subcommittee) presiding. Present: Representatives Yates, Evins, Multer, Brown, and McCulloch. Also present: Irving Maness, counsel; Victor P. Dalmas, adviser to minority members, and Katherine C. Blackburn, research analyst. Mr. YATES. The committee will come to order. These are the hearings of subcommittee No. 3 of the House Small Business Committee, of which I am chairman, and Hon. Joe L. Evins, Hon. Abraham J. Multer, and Hon. Arch A. Moore are members. It has general jurisdiction over problems of small business in the fields of foreign trade, foreign aid, and basic metals. At the outset of the 86th Congress, the subcommittee determined that it would place particular emphasis in its studies on the economic impact on small business in the international trade field. Billions of dollars have been spent through Federal aid programs. Substantial purchases have been made by American companies in foreign plants, and private American investments abroad are constantly increasing. It would be well if we could learn the full consequences of the investment of American capital abroad in order to protect the interests of small business. It is important to determine whether opportunities exist in the foreign trade markets for small business and, if so, what are the obstacles precluding its participation. It would appear that small business has not taken advantage of the profit potential in the foreign trade market and the opportunities for expansion. This subcommittee, in its present studies, will attempt to determine why small business has not achieved its potential in foreign markets. We are interested in making a full and complete study of the consequences of the investment of private American capital abroad with a view to determining the extent of such investment, the changes which have occurred therein in recent years, and the effect on domestic industries—with particular emphasis on small business. 1 |
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