Louisiana House Bill HCR69

Louisiana 2020 Regular Session

• Introduced: 5/7/20
• Refer: 5/13/20
• Report Pass: 5/18/20
• Engrossed: 5/22/20
• Refer: 5/25/20
• Report Pass: 5/27/20
• Passed: 6/1/20

Caption

Creates a task force to study how to best capitalize on Louisiana's international trade potential

Impact

The resolution highlights that international trade significantly impacts job creation and economic growth within Louisiana. With a focus on fostering exports from various industries, including agriculture and petrochemicals, the task force is expected to identify and recommend legislative measures that would promote Louisiana's export capabilities. By aiming to streamline trade practices and bolster investment in local industries, the resolution affirms that the state's economic future is tied closely to how effectively it engages with global markets.

Summary

HCR69 is a resolution passed by the Louisiana Legislature that aims to address and enhance Louisiana's position in international trade. The resolution instructs the House Committee on Commerce and the Senate Committee on Commerce, Consumer Protection, and International Affairs to form a joint committee tasked with studying how to maximize the state's competitive advantages in global trade. The findings of this study are to be reported prior to the 2021 Regular Session. The motivation behind HCR69 is to recognize Louisiana's strategic geographical advantages, particularly its key waterways and ports, and the need for a more proactive approach to trade regulation and agreements.

Sentiment

The sentiment around HCR69 appears to be largely supportive, especially among business leaders and economic development participants who recognize the importance of improving international trade practices. Proponents argue that a focused effort will create new job opportunities and improve economic conditions for families across the state. There may be concerns, however, regarding the allocation of state resources and the effectiveness of the proposed committee's findings, thus representing a slight caution in the broader enthusiasm for new trade initiatives.

Contention

While HCR69 is generally viewed favorably, potential points of contention may arise from differing opinions on what constitutes best practices in international trade and how to prioritize economic development strategies. Stakeholders feel passionately about their respective industries, and there may be debate on whether the focus should be on immediate returns versus long-term strategic investments. Additionally, ensuring adequate representation of various industry interests in the study may be crucial to achieving a comprehensive understanding of Louisiana's trade landscape.