Bill Sponsor
Senate Bill 5221
117th Congress(2021-2022)
STEP Improvement Act of 2022
Introduced
Introduced
Introduced in Senate on Dec 8, 2022
Overview
Text
Introduced
Dec 8, 2022
Latest Action
Dec 8, 2022
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5221
Congress
117
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
New Hampshire
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
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.

Text (1)
December 8, 2022
Actions (2)
12/08/2022
Read twice and referred to the Committee on Small Business and Entrepreneurship.
12/08/2022
Introduced in Senate
Public Record
Record Updated
Jan 17, 2023 8:02:37 PM