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STEP Improvement Act of 2023

USA118th CongressS-77| Senate 
| Updated: 1/25/2023
Jeanne Shaheen

Jeanne Shaheen

Democratic Senator

New Hampshire

Small Business and Entrepreneurship Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
STEP Improvement Act of 202 3 This bill reauthorizes through FY2028 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

Bill from Previous Congress

S 117-5221
STEP Improvement Act of 2022
Jan 25, 2023
Introduced in Senate
Jan 25, 2023
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • Bill from Previous Congress

    S 117-5221
    STEP Improvement Act of 2022


  • January 25, 2023
    Introduced in Senate


  • January 25, 2023
    Read twice and referred to the Committee on Small Business and Entrepreneurship.

Commerce

STEP Improvement Act of 2023

USA118th CongressS-77| Senate 
| Updated: 1/25/2023
STEP Improvement Act of 202 3 This bill reauthorizes through FY2028 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 117-5221
STEP Improvement Act of 2022
Jan 25, 2023
Introduced in Senate
Jan 25, 2023
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • Bill from Previous Congress

    S 117-5221
    STEP Improvement Act of 2022


  • January 25, 2023
    Introduced in Senate


  • January 25, 2023
    Read twice and referred to the Committee on Small Business and Entrepreneurship.
Jeanne Shaheen

Jeanne Shaheen

Democratic Senator

New Hampshire

Small Business and Entrepreneurship Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted