The bill, S. 4414, aims to modernize the State Trade Expansion Program (STEP) run by the Small Business Administration. It intends to make it easier for small businesses to engage in exporting by improving application procedures, streamlining reporting requirements, and ensuring funding...
Simple Explanation
The bill wants to help small businesses sell things to other countries by making it easier and fairer for them to get money and support from the government. It plans to make the rules simpler and ensure that everyone knows how the money is shared to help businesses grow and succeed.