S4414-118

Reported

To improve the State Trade Expansion Program of the Small Business Administration.

118th Congress Introduced May 23, 2024

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill strengthens the State Trade Expansion Program (STEP), an SBA program that helps small businesses enter or grow in international export markets. It makes the grant application process more transparent, ensures states receive more predictable funding from year to year, and requires better reporting on program outcomes.

Who Benefits and How

Small businesses benefit from improved access to export assistance through their state programs, with better outreach to women-owned businesses and rural firms. State governments benefit from funding predictability (guaranteed at least 80% of prior year funding) and streamlined application processes. Women-owned and rural small businesses receive targeted attention through new disaggregated reporting requirements.

Who Bears the Burden and How

The Small Business Administration faces new administrative requirements including maintaining updated program information online, publishing application details by March 31 annually, conducting annual surveys, and submitting enhanced reports to Congress. State grant recipients must participate in annual surveys and contribute to best practices documentation.

Key Provisions

  • Guarantees states receive at least 80% of prior year grant funding (Section 4)
  • Requires SBA to publish transparent application procedures and deadlines by March 31 annually (Section 3)
  • Mandates annual surveys of grant recipients and enhanced reporting on outcomes, including data disaggregated by women-owned and rural businesses (Section 6)
  • Requires SBA report to Congress within one year on implementation (Section 8)

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.

At a Glance

What This Bill Does

Improves the State Trade Expansion Program (STEP) of the Small Business Administration to help more small businesses export their products and services internationally

Key Policy Areas

Small Business, International Trade, Economic Development

Primary Purpose

Improves the State Trade Expansion Program (STEP) of the Small Business Administration to help more small businesses export their products and services internationally

Policy Domains

Small Business International Trade Economic Development

State Trade Expansion Program Improvements

Identified Gains
Contextual inference, no direct clause citation
  • Small businesses seeking to export
  • Women-owned small businesses
  • Rural small businesses
  • State trade promotion agencies
Model: N/A | Version: bill_summary_v2 | Source: rs

Contextual inference, no direct clause citation

Identified Costs
Contextual inference, no direct clause citation
  • Small Business Administration
  • State grant recipients
Model: N/A | Version: bill_summary_v2 | Source: rs

Contextual inference, no direct clause citation

Legislative Progress

Reported
Introduced Committee Passed
May 23, 2024

Mrs. Shaheen, from the Committee on Small Business and Entrepreneurship, …

Stakeholder Effects

cui bono?

How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.

Small Business
7 mentions across 4 clauses
+5 positive ?2 uncertain

HUBZone businesses, Rural small businesses, Small businesses applying through STEP

Government
5 mentions across 4 clauses
+1 positive -4 negative

Congress, Small Business Administration, Small Business Administration - Associate Administrator for International Trade

Positive-direction: Congress

Negative-direction: Small Business Administration, Small Business Administration - Associate Administrator for International Trade, Small Business Administration - Office of International Trade

State & Local Government
3 mentions across 3 clauses
+2 positive -1 negative

State trade promotion agencies, State trade promotion agencies (grant recipients)

Positive-direction: State trade promotion agencies

Negative-direction: State trade promotion agencies (grant recipients)

5/9
sections analyzed
Full impact breakdown

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Small Business International Trade
Actor Mappings
"the_administrator"
→ Administrator of the Small Business Administration
"associate_administrator"
→ Associate Administrator for International Trade of the SBA

Key Definitions

Terms defined in this bill

4 terms
"small business concern" §sec_2_sbc

As defined under section 3 of the Small Business Act (15 U.S.C. 632)

"current fiscal year" §sec_4_cfy

The fiscal year for which the Administrator is determining the amount of a grant to be awarded

"prior fiscal year" §sec_4_pfy

The most recent fiscal year before the current fiscal year for which a State, territory, or commonwealth received a grant under the program

"STEP" §sec_2_step

State Trade Expansion Program established under section 22(l) of the Small Business Act (15 U.S.C. 649(l))

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology