Reauthorizes the State Trade Expansion Program of the Small Business Administration.

The bill amends the Small Business Act to reauthorize the State Trade Expansion Program of the Small Business Administration. It modifies the funding formula for grants, sets minimum grant amounts, and introduces new metrics for grant allocation. The bill also expands the definition of eligible small business concerns, introduces new reporting requirements, and mandates the development of a transition plan for implementing the new funding formula.

Reauthorizes the State Trade Expansion Program of the Small Business Administration.

The bill amends the Small Business Act to reauthorize the State Trade Expansion Program of the Small Business Administration. It modifies the funding formula for grants, sets minimum grant amounts, and introduces new metrics for grant allocation. The bill also expands the definition of eligible small business concerns, introduces new reporting requirements, and mandates the development of a transition plan for implementing the new funding formula.