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H.R. 8844, STEP Improvement Act of 2022 (CBO Report for Congress)

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Congress 117th
Date Requested Oct. 14, 2022
Requested By the House Committee on Small Business
Date Sent Nov. 2, 2022
Description:
H.R. 8844 would reauthorize the State Trade Expansion Program administered by the Small Business Administration through 2026. In doing so, the bill would authorize the appropriation of $30 million a year for that program. CBO estimates that enacting H.R. 8844 would not affect direct spending or revenues. CBO estimates that implementing the bill would cost $120 million over the 2023-2027 period, assuming appropriation of the authorized amounts. The bill contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.

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