President Proposes Consolidation of Business and Trade Agencies
On January 13, 2012 President Obama announced a proposal to reinstate Presidential authority to reorganize and consolidate the federal government under the Consolidation Authority Act, and further proposed to use that authority to consolidate a number of agencies and departments into a single Department focused on business and trade.
According to a White House press release, "The President laid out his first proposed use of that authority consolidating six agencies into one more efficient agency to promote competitiveness, exports and American business. Currently, there are six major departments and agencies that focus primarily on business and trade in the federal government."
The six agencies and departments that would be involved are:
- U.S. Department of Commerce, core business and trade functions only
- Small Business Administration
- Office of the U.S. Trade Representative
- Export-Import Bank
- Overseas Private Investment Corporation
- U.S. Trade and Development Agency
The President's proposal also mandates that any plan must reduce the number of government agencies or save taxpayer dollars.
The full text of the White House press release is available online at:
A Fact Sheet on the proposal is available at: