Title: STEP Reimbursement Act of 2020
Policy area: Commerce

Summary:
STEP Reimbursement Act of 2020
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.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6345 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 6345

 To provide relief for State Trade Expansion Program grant recipients 
             relating to COVID-19, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 23, 2020

Ms. Finkenauer introduced the following bill; which was referred to the 
                      Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
 To provide relief for State Trade Expansion Program grant recipients 
             relating to COVID-19, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``STEP Reimbursement Act of 2020''.

SEC. 2. CONSIDERATIONS FOR STATE TRADE EXPANSION PROGRAM RELATING TO 
              COVID-19.

    (a) Reimbursement.--The Administrator of the Small Business 
Administration shall reimburse any recipient of assistance under 
section 22(l) of the Small Business Act (15 U.S.C. 649(l)) for 
financial losses relating to a foreign trade mission or a trade show 
exhibition that was cancelled solely due to a public health emergency 
declared due to COVID-19.
    (b) Budget Plan Revisions.--Section 22(l)(3) of the Small Business 
Act (15 U.S.C. 649(l)(3)) is amended--
            (1) in subparagraph (D)(i), by inserting ``, including a 
        budget plan for use of funds awarded under this subsection'' 
        before the period at the end; and
            (2) by adding at the end the following new subparagraph:
                    ``(E) Budget plan revisions.--
                            ``(i) In general.--A State receiving a 
                        grant under this subsection may revise the 
                        budget plan of the State submitted under 
                        subparagraph (D) after the disbursal of grant 
                        funds if--
                                    ``(I) the revision complies with 
                                allowable uses of grant funds under 
                                this subsection; and
                                    ``(II) such State submits 
                                notification of the revision to the 
                                Associate Administrator.
                            ``(ii) Exception.--If a revision under 
                        clause (i) reallocates 10 percent or more of 
                        the amounts described in the budget plan of the 
                        State submitted under subparagraph (D), the 
                        State may not implement the revised budget plan 
                        without the approval of the Associate 
                        Administrator, unless the Associate 
                        Administrator fails to approve or deny the 
                        revised plan within 10 days after receipt of 
                        such revised plan.''.
    (c) Funding.--The Administrator of the Small Business 
Administration may use amounts appropriated to carry out the State 
Trade Expansion Program established under section 22(l) of the Small 
Business Act (15 U.S.C. 649(l)) for fiscal years 2018 and 2019 that 
remain unobligated or unexpended to carry out the State Trade Expansion 
Program through the end of fiscal year 2021.
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