House Dem Unveils Measure to Aid Small Business Sales Abroad

Rep. Grace Meng (D-N.Y.) is introducing legislation that would assist small businesses that sell their products abroad.

The measure would instruct the Export-Import Bank to increase the amount of financing it provides to small business from 20 to 25 percent.

"It would help create jobs, stimulate our economy and allow businesses to better compete in foreign markets across the globe," said Meng, a member of the House Small Business Committee, in a statement Tuesday.