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H.R. 6133, STEP Improvement Act of 2020 (CBO Report for Congress)

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Congress 116th
Date Requested March 11, 2020
Requested By House Committee on Small Business
Date Sent May 19, 2020
Description:
H.R. 6133 would authorize the appropriation of $30 million each year from 2021 through 2024 for the State Trade Expansion Program, a grant program administered by the Small Business Administration (SBA) that assists small businesses with exporting goods and services. The SBA allocated $19 million for those purposes in 2020. H.R. 6133 would amend the program to require the SBA to survey grant recipients, collect various data on small businesses assisted, and report on additional performance metrics each year. CBO estimates that implementing H.R. 6133 would cost the SBA $120 million over the 2020-2025 period, assuming appropriation of the authorized amounts. The costs of the legislation, detailed in Table 1, fall within budget function 370 (commerce and housing credit).

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