Senate Bill Report — SB 6656, Engagement with Key International Markets (February 2, 2020)
Summary
A Senate Bill Report on SB 6656, as of February 2, 2020, from the Senate Committee on Financial Institutions, Economic Development & Trade. The bill concerns engagement with key international markets, and the sponsors listed are Senators Hasegawa, Mullet and Frockt. The brief summary states that the bill provides $2 million to the Department of Commerce to increase trade and investment opportunities for Washington companies and regions. The summary of the bill says Commerce must focus on three deliverables, including increased international business opportunities for Washington businesses. The report states that the fiscal note was requested on January 31, 2020 and that the bill takes effect ninety days after adjournment of session in which it is passed.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
- Issuer
- Congressional materials
- Document type
- Report
- Date
- 2020-02-04
- Case
- 2020 02 04 A26451 D213292 Bill Report 6656 Sba Fiet 20
Cite this document
“Senate Bill Report — SB 6656, Engagement with Key International Markets (February 2, 2020).”
Original at app.leg.wa.gov, dated 2020-02-04. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2020-02-04-2020-02-04-a26451-d213292-bill-report-6656-sba-fiet-20/
, SHA-256 2cdd66c2036ffe2712cc1bab03a7013490cbaabbee14dce1dffc2e7c8efd2517.Full text
SENATE BILL REPORT
SB 6656
As of February 2, 2020
Title: An act relating to engaging with key international markets.
Brief Description: Concerning engagement with key international markets.
Sponsors: Senators Hasegawa, Mullet and Frockt.
Brief History:
Committee Activity: Financial Institutions, Economic Development & Trade: 2/04/20.
Brief Summary of Bill
Provides $2 million to the Department of Commerce to increase trade and
investment opportunities for Washington companies and regions.
SENATE COMMITTEE ON FINANCIAL INSTITUTIONS, ECONOMIC
DEVELOPMENT & TRADE
Staff: Clint McCarthy (786-7319)
Background: Forty states maintain 200 offices or contracted representatives in overseas
markets to promote trade to and from their respective states. The Department of Commerce
(Commerce) has one overseas contract covering four European countries for export activity.
Overseas offices typically perform the following functions:
identify inbound investment to the state;
identify new businesses creating capital investment and jobs;
direct investment for industrial property development; and
identify buyers for state made products.
Summary of Bill: A $2 million appropriation is provided to Commerce to increase trade and
investment opportunities for Washington companies and regions. Commerce must focus on
three deliverables:
increased international business opportunities for Washington businesses;
increased investment in Washington by multinational companies;
maintaining and developing new partnerships in a variety of fields.
––––––––––––––––––––––
This analysis was prepared by non-partisan legislative staff for the use of legislative
members in their deliberations. This analysis is not a part of the legislation nor does it
constitute a statement of legislative intent.
Senate Bill Report -1- SB 6656
Appropriation: The bill contains an appropriation totaling $2,000,000 from the state
general fund.
Fiscal Note: Requested on January 31, 2020.
Creates Committee/Commission/Task Force that includes Legislative members: No.
Effective Date: Ninety days after adjournment of session in which bill is passed.
Senate Bill Report -2- SB 6656
File and source
- File
- 2020-02-04_a26451_d213292_bill-report-6656-sba-fiet-20.pdf
- Size
- 82,020 bytes
- SHA-256
- 2cdd66c2036ffe2712cc1bab03a7013490cbaabbee14dce1dffc2e7c8efd2517
- Original
- app.leg.wa.gov