STEP Reimbursement Act of 2020

Bill: 116-hr-6345
Sponsor: full_name: Rep. Finkenauer, Abby [D-IA-1]
Introduced: 2020-03-23
Policy area: Commerce
Subjects: Appropriations

Cardiovascular and respiratory health

Competitiveness, trade promotion, trade deficits

Emergency medical services and trauma care

Executive agency funding and structure

Infectious and parasitic diseases

Museums, exhibitions, cultural centers

Small Business Administration

Small business

State and local finance
Latest action: action_date: 2020-03-23
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2020-03-23
action_desc: Introduced in House
text: <p><b>STEP Reimbursement Act of 2020</b></p> <p>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).</p> <p>In addition, the bill authorizes a state that receives a grant under the program to revise their budget plan under certain circumstances.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6345 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.

1. Short title This Act may be cited as the STEP Reimbursement Act of 2020 . 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.