« PreviousContinue »
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
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.
Mena pace, Hon. Robert B., Acting Managing Director, Development
ministration, accompanied by Carl Flesher, Acting Deputy Director
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_-
Regulation 1 (as amended November 1957), International Coopera-
tion Administration --
Credits by size groups authorized on request of U.S. exporters or finan-
cial institutions, fiscal year 1959, Export-Import Bank..
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 -
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.