summary
Introduced
03/23/2020
03/23/2020
In Committee
03/23/2020
03/23/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To provide relief for State Trade Expansion Program grant recipients relating to COVID-19, and for other purposes. This bill requires the Small Business Administration to reimburse any recipient of a grant under the State Trade Expansion Program for financial losses relating to a foreign trade mission or a trade show exhibition that was cancelled due to COVID-19 (i.e., the coronavirus disease 2019). In addition, the bill authorizes a state that receives a grant under the program to revise their budget plan under certain circumstances.
AI Summary
This bill, the STEP Reimbursement Act of 2020, provides relief for State Trade Expansion Program (STEP) grant recipients affected by the COVID-19 pandemic. Specifically, it requires the Small Business Administration (SBA) to reimburse any STEP grant recipient for financial losses related to a canceled foreign trade mission or trade show exhibition due to COVID-19. Additionally, it allows states that receive STEP grants to revise their budget plans, including reallocating up to 10% of grant funds without prior approval, to accommodate changing circumstances. The bill also authorizes the SBA to use unobligated or unexpended STEP funds from fiscal years 2018 and 2019 to continue the program through the end of fiscal year 2021.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Small Business. (on 03/23/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/6345/all-info |
| BillText | https://www.congress.gov/116/bills/hr6345/BILLS-116hr6345ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr6345/BILLS-116hr6345ih.pdf.pdf |
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