STEP Improvement Act of 2022

Summary

STEP Improvement Act of 202 2 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.

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Timeline

1. 8 December 2022

   Introduced

   Read twice and referred to the Committee on Small Business and Entrepreneurship.

   Source: IntroReferral

2. 8 December 2022

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 8 December 2022 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 8 December 2022

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 8 December 2022

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 8 December 2022

  Open at official source

Sponsors

• Jeanne Shaheen · D · Sponsor
• · sssb00 · Standing

Related records

• related to → STEP Improvement Act of 2023
• related to → STEP Improvement Act of 2022
• related to ← Small Business Administration Reauthorization and Modernization Act of 2022