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S 77 118th Congress Senate Commerce

STEP Improvement Act of 2023

Introduced: January 25, 2023 Introduced by: Shaheen, Jeanne Democratic · New Hampshire See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 25, 2023
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Jan 25, 2023
Introduced in Senate
 Plain-English summary Congressional Research Service

STEP Improvement Act of 2023

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.

What's happening now January 25, 2023

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

 Committees of jurisdiction 1