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Obama to Propose Merging Agencies
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| Contributor | RP |
| Last Edited | RP Jan 13, 2012 09:43am |
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| Category | Proposed Legislation |
| Author | LAURA MECKLER |
| Media | Newspaper - Wall Street Journal |
| News Date | Friday, January 13, 2012 02:45:00 PM UTC0:0 |
| Description | President Barack Obama will propose merging six agencies that focus on trade and commerce into one new department, a government official said Friday, an effort to make it easier for businesses that often get lost in a maze of bureaucracy.
The change would affect the Commerce Department as well as five smaller agencies. The president, who can't make the change on his own, will ask Congress for fast-track authority to undertake the reorganization. Under the Obama plan, he could propose mergers that would be guaranteed an up-or-down vote from Congress within 90 days.
The plans would affect the Commerce Department's core business and trade functions, the Small Business Administration, the Office of the U.S. Trade Representative, the Export-Import Bank, the Overseas Private Investment Corporation and the Trade and Development Agency. |
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