S. 5221
Referred to CommitteeSTEP Improvement Act of 2022
Latest Action
Read twice and referred to the Committee on Small Business and Entrepreneurship.
12/8/2022 • Senate
Summary
STEP Improvement Act of 2022
This bill reauthorizes through FY2026 the Small Business Administration's (SBA) State Trade Expansion Program, which provides foreign trade assistance to small businesses, and it revises provisions related to the administration of the program.
Specifically, the SBA must establish a time frame for, and provide certain information related to, the application process, and it must conduct an annual survey to solicit feedback on the program. The SBA must collect data on certain performance metrics such as the (1) total number of small businesses assisted by the program, (2) total dollar amount of export sales by participating small businesses, and (3) number of small businesses that have created new jobs through their participation in the program.
The bill also requires applicants for participation to include a budget plan that outlines their intended use of funds awarded under the program.
Introduced in Senate • 12/8/2022
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Bill Journey
Originated in the Senate
Introduced
December 8, 2022
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law