Owens Introduces the EXPORT Act

WASHINGTON, D.C. – Today, Rep. Burgess Owens (UT-04) introduced the EXPORT Act of 2022 to level the playing field for small businesses, entrepreneurs, and innovators to compete internationally. The legislation, originally introduced in the 115th Congress by late Sen. Orrin Hatch and former Rep. Mia Love, corrects an oversight in financial regulation by amending the Commodity Exchange Act to allow small state-regulated non-bank businesses to be exempted from overly burdensome Commodity Futures Trading Commission’s (CFTC) regulations. The legislation will expand access to financial services for small businesses and entrepreneurs, while still maintaining proper oversight and mitigating systemic financial risk.

“Small businesses are not just an economic driver, but the heart and soul of our nation,” said Rep. Owens. “While entrepreneurs continue to face strong global economic headwinds, burdensome regulations have stifled innovation, making it more difficult for businesses to expand into new markets. The EXPORT Act of 2022 helps homegrown small businesses access critical financial services and navigate through economic uncertainty.” 

Full text of the EXPORT Act of 2022 is available here

###

Recent Posts


Feb 29, 2024
Congress

Owens Backs Pioneering Bill: A New Frontier in U.S. Education

WASHINGTON – Higher Education and Workforce Development Chairman Burgess Owens (UT-04) joined Reps. Glenn Grothman (WI-06) and Brittany Pettersen (CO-07) to introduce the Empowering Learners through Competency-Based Education Act, which will assist universities in cultivating learning environments that will allow students to learn at their own pace, called competency-based education (CBE), in an effort to […]



Feb 29, 2024
Congress

Owens Exposes Hypocrisy and Divisiveness of DEI

WASHINGTON — On Thursday, March 7, at 10:15 a.m. ET, the Subcommittee on Higher Education and Workforce Development, chaired by Rep. Burgess Owens (UT-04), will hold a hearing titled “Divisive, Excessive, Ineffective: The Real Impact of DEI on College Campuses.”“Growing up in segregation, bathrooms, water fountains, and schools were separate. While America has made significant […]



Feb 5, 2024
Congress

Utah Congressional Delegation Announces Passport Fairs in Coordination with State Department

Utahns can obtain passport services at five events throughout the state from February 13 – 17 Representative Burgess Owens (UT-04) joined U.S. Senators Mike Lee (R-UT) and Mitt Romney (R-UT), and Representatives John Curtis (UT-03), Blake Moore (UT-01), and Celeste Maloy (UT-02), in coordination with the Department of State, to announce five “Passport Fairs” throughout the […]