Last week, President Barack Obama asked Congress for authority to close the Commerce Department and create a new export agency.
Obama wants to put the office of the United States Trade Representative (USTR), the U.S. Export-Import Bank (EXIM), Overseas Private Investment Corp (OPIC), the Trade and Development Agency (TDA), the Small Business Administration (SBA) and parts of the Commerce Department under a new roof — something that has been kicked around for years.
As I point out in my book “Conscientious Equity,” ...
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