Page:United States Statutes at Large Volume 124.djvu/2622

 124 STAT. 2596 PUBLIC LAW 111–240—SEPT. 27, 2010 SEC. 4113. SENSE OF CONGRESS. It is the sense of Congress that the Federal Deposit Insurance Corporation and other bank regulators are sending mixed messages to banks regarding regulatory capital requirements and lending standards, which is a contributing cause of decreased small business lending and increased regulatory uncertainty at community banks. Subtitle B—Other Provisions PART I—SMALL BUSINESS EXPORT PROMOTION INITIATIVES SEC. 4221. SHORT TITLE. This part may be cited as the ‘‘Export Promotion Act of 2010’’. SEC. 4222. GLOBAL BUSINESS DEVELOPMENT AND PROMOTION ACTIVI - TIES OF THE DEPARTMENT OF COMMERCE. (a) INCREASE IN EMPLOYEES WITH RESPONSIBILITY FOR GLOBAL BUSINESS DEVELOPMENT AND PROMOTION ACTIVITIES.— (1) IN GENERAL.—During the 24-month period beginning on the date of the enactment of this Act, the Secretary of Commerce shall increase the number of full-time departmental employees whose primary responsibilities involve promoting or facilitating participation by United States businesses in the global marketplace and facilitating the entry into, or expansion of, such participation by United States businesses. In carrying out this subsection, the Secretary shall ensure that— (A) the cohort of such employees is increased by not less than 80 persons; and (B) a substantial portion of the increased cohort is stationed outside the United States. (2) ENHANCED FOCUS ON UNITED STATES SMALL- AND MEDIUM-SIZED BUSINESSES.—In carrying out this subsection, the Secretary shall take such action as may be necessary to ensure that the activities of the Department of Commerce relating to promoting and facilitating participation by United States businesses in the global marketplace include promoting and facilitating such participation by small and medium-sized businesses in the United States. (3) AUTHORIZATION OF APPROPRIATIONS.—There are author- ized to be appropriated to the Secretary for each of the fiscal years 2011 and 2012 such sums as may be necessary to carry out this section. (b) ADDITIONAL FUNDING FOR GLOBAL BUSINESS DEVELOPMENT AND PROMOTION ACTIVITIES OF THE DEPARTMENT OF COMMERCE.— (1) IN GENERAL.—There are authorized to be appropriated to the Secretary of Commerce for the period beginning on the date of the enactment of this Act and ending 18 months thereafter, $30,000,000 to promote or facilitate participation by United States businesses in the global marketplace and facilitating the entry into, or expansion of, such participation by United States businesses. (2) REQUIREMENTS.—In obligating and expending the funds authorized to be appropriated by paragraph (1), the Secretary of Commerce shall give preference to activities that— Appropriation authorization. Time period. Effective date. 15 USC 271 note. Export Promotion Act of 2010.