Sec. 190019. State Trade Expansion Program
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/bill/116/hr/6379/ih/section-190019·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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. Section 22(l)(3) of the Small Business Act ( 15 U.S.C. 649(l)(3) ) is amended— 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 by adding at the end the following new subparagraph:
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— the revision complies with allowable uses of grant funds under this subsection; and such State submits notification of the revision to the Associate Administrator. 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. .
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Sec. 190019
State Trade Expansion Program
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