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Support for Small Businesses in Export: New STEP Program Rules

This act aims to facilitate small businesses' access to the export support program by streamlining the application process and increasing transparency. This means more businesses can receive assistance in entering foreign markets, potentially leading to new jobs and economic growth. The changes also involve better monitoring of the program's effects.
Key points
Streamlined Application Process: Clear deadlines for publishing grant information, submitting applications, and announcing results have been set, increasing predictability for businesses.
Greater Transparency and Support: Unsuccessful applicants will receive recommendations to improve future applications, and successful ones will get explanations for the awarded amount.
Flexibility in Fund Management: Businesses can more easily revise budget plans after receiving funds, allowing for better adaptation to current needs.
Improved Monitoring and Reporting: The program will collect more data on assisted businesses, including those owned by women, minorities, and rural businesses, to assess effectiveness and develop best practices.
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Additional Information
Print number: 117_HR_8844
Sponsor: Rep. Evans, Dwight [D-PA-3]
Process start date: 2022-09-15
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

STEP Improvement Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8844.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-09-15.

What are the main provisions?

Key points include:

  • Streamlined Application Process: Clear deadlines for publishing grant information, submitting applications, and announcing results have been set, increasing predictability for businesses.
  • Greater Transparency and Support: Unsuccessful applicants will receive recommendations to improve future applications, and successful ones will get explanations for the awarded amount.
  • Flexibility in Fund Management: Businesses can more easily revise budget plans after receiving funds, allowing for better adaptation to current needs.
  • Improved Monitoring and Reporting: The program will collect more data on assisted businesses, including those owned by women, minorities, and rural businesses, to assess effectiveness and develop best practices.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Evans, Dwight [D-PA-3].

What is the latest detailed status?

The latest detailed status is: Pursuant to section 3 of H. Res. 1508, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 8844; S. 198, as amended; and S. 1687, as amended. (consideration: CR H8773-8775; text: CR H8773-8774)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy