,,ii ,cal5d> ,no4 #djh #aah? ,,congress 
#b;d ,session  ,s4 #ddad  ,,9 ,,!       
,,s5ate ,,( ,,! ,,unit$ ,,/ates  ,may   
#bc1 #bjbd,mrs4 ,%ahe51 f ! ,committee  
on ,small ,bus9ess & ,entrepr5eur%ip1   
report$ ! foll[+ orig9al bill2 :i* 0    
read twice & plac$ on ! cal5d>  ,a      
,,bill  ,to improve ! ,/ate ,trade      
,expansion ,program ( ! ,small ,bus9ess 
,adm9i/ration4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,/ate ,trade       
,expansion ,program ,mod]nization ,act (
 #bjbd4  #b4 ,f9d+s ,congress f9ds !    
foll[+3 7#a7 ,! ,/ate ,trade ,expansion 
,program e/abli%$ "u section #bb7l7 ( ! 
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fdi7l77 79 ?is section ref]r$ to z     
,,/ep7 0 creat$ by ,congress 9 #bjaj to 
gr[ ! numb] ( small bus9ess conc]ns 7z  
def9$ "u section #c ( su* ,act 7#ae     
,u4,s4,c4 #fcb7 & 9 ?is section ref]r$  
to z a small bus9ess conc]n7 t export1  
increase ! value ( goods export$ by !   
small bus9ess sector1 & help bus9esses  
id5tify new m>kets4  7#b7 ,help+ small  

firms 9 ! ,unit$ ,/ates beg9 to export  
or build ^u _! exi/+ export capacity    
g5]ates inve/m5t 9 local economies &    
spurs employm5t4  7#c7 ,despite #ie     
p]c5t ( global consum]s liv+ outside ( !
 ,unit$ ,/ates1 less ?an #d p]c5t (     
small bus9ess conc]ns 9 ! ,unit$ ,/ates 
export _! products or s]vices4  7#d7 ,_m
 small bus9ess conc]ns 9 ! ,unit$ ,/ates
 t c\ld gr[ by export+ lack ! d$icat$   
/aff1 requir$ te*nical skills1 &        
necess>y budget>y res\rces =            
int]national expansion4  7#e7 ,,/ep     
provides vital assi/ance to small       
bus9ess conc]ns1 p>ticul>ly to ^? t h   
nev] _h ! opportunity to sell _!        
products or s]vices abroad4  7#f7       
,accord+ to data ( ! ,bureau ( ! ,c5sus1
 !re 7 approximately #e1ijj1jjj employ] 
firms 9 ! ,unit$ ,/ates z ( #bjba1 ( :i*
 m ?an #a1bjj1jjj1 or approximately #bb 
p]c5t1 7 wom5-own$4 ,h[ev]1 accord+ to !
 data1 ( ! #abh1dfj export+ small firms1
 only #ba1fbf1 or #ag p]c5t1 7 wom5-own$
 firms1 mean+ t1 ( small firms1 #e times

 z _m male-own$ firms export z wom5-own$
 firms4 ,! data %[ t ! ov]all disp>ity 9
 bus9ess own]%ip betwe5 m5 & wom5 is ev5
 great] among export+ bus9esses4  7#g7  
,accord+ to rese>* conduct$ by ! ,small 
,bus9ess ,adm9i/ration1 small] firms t5d
 to produce few] outputs & are less     
likely to export ?an l>g] firms4 ,data (
 ! ,bureau ( ! ,c5sus %[ t wom5-own$    
firms employ #cc p]c5t few] work]s on   
av]age ?an male-own$ firms & are less   
likely to enjoy ! b5efits ( int]national
 trade4  7#h7 ,export+ is a highly      
effective way = bus9esses to exp& _!    
m>kets & increase _! productivity4 ,z   
,/ates exp& export-enhanc+ activities   
?r\gh ,,/ep1 additional small firms w   
b5efit f ! high] dem& = _! goods &      
s]vices & increas$ pr(its associat$ )   
int]national trade4  7#i7 ,dur+ ! fir/  
#aj ye>s ( op]ation1 ,,/ep enabl$ m ?an 
#ab1jjj small bus9ess conc]ns to explore
 export opportunities1 help+ !m rea*    
m>kets 9 #ada c\ntries4  7#aj7 ,congress
 recognizes t ,,/ep c be improv$ to     

r$uce ! adm9i/rative burd5 = grantees1  
/reaml9e report+ & compliance           
requirem5ts1 give grantees m            
flexibility1 make grant aw>ds m         
transp>5t & consi/5t1 & set m pr$ictable
 application deadl9es4  7#aa7 ,congress 
also recognizes t mak+ aw>ds "u ,,/ep m 
consi/5t & transp>5t w simplify !       
program & inc5tivize m ,/ates to        
p>ticipate s t small bus9ess conc]ns are
 support$ 9 all ,/ates4  #c4 ,/reaml9+  
application1 report+1 & compliance      
requirem5ts  7a7 ,requirem5t = fund+    
in=mation ,to be kept curr5t ,section   
#bb7l77#c7 ( ! ,small ,bus9ess ,act 7#ae
 ,u4,s4,c4 #fdi7l77#c77 is am5d$ by add+
 at ! end ! foll[+3  7,e7 ,requirem5t = 
fund+ in=mation ,to be kept curr5t ,!   
,associate ,adm9i/rator %all-- 7i7      
ma9ta9 on ! website ( ! ,adm9i/ration a 
publicly accessible li/ ( l9ks to       
docum5ts conta9+ ! mo/ up-to-date       
in=mation ab\t program requirem5ts &    
application proc$ures1 includ+ ! late/  
notice ( fund+ opportunity1 all active  

,director's ,memos1 & any det]m9ation   
made relat$ to eligible exp5ditures or !
 classification ( exp5ditures z direct  
or indirect2 &  7ii7 update ! li/       
describ$ 9 clause 7i7 be=e any new      
cl>ification1 in/ruction1 directive1    
requirem5t1 det]m9ation1 or             
classification relat+ to ! program takes
 effect4  4  7b7 ,tim+ ( fund+ in=mation
 release ,section #bb7l77#c77;,d7 ( !   
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fdi7l77#c77;,d77 is am5d$ by add+ at ! 
end ! foll[+3  7iii7 ,tim+ ,! ,associate
 ,adm9i/rator %all-- 7,i7 publi%        
in=mation on h[ to apply = a grant "u   
?is subsection1 includ+ specific        
calculations & o!r det]m9ations us$ to  
aw>d su* a grant1 n lat] ?an ,m>* #ca ( 
ea* ye>2  7,,ii7 e/abli% a deadl9e = !  
submission ( applications t is-- 7aa7 n 
e>li] ?an #fj days aft] ! date on :i* ! 
in=mation is publi%$ "u subclause 7,i72 
&  7bb7 n lat] ?an-- 7,,aa7 ,may #ca (  
ea* ye>2 or 7,,bb7 9 ! ev5t t full-ye>  
appropriations = ! program = a fiscal   

ye> h n be5 enact$ z ( ,febru>y #a ( su*
 fiscal ye>1 #abj days aft] full-ye>    
appropriations are enact$2 &  7,,iii7   
ann\nce grant recipi5ts n lat] ?an--    
7aa7 ,septemb] #cj ( ea* ye>2 or  7bb7 9
 ! ev5t t full-ye> appropriations = !   
program = a fiscal ye> h n be5 enact$ z 
( ,febru>y #a ( su* fiscal ye>1 #baj    
days aft] full-ye> appropriations are   
enact$4  4  7c7 ,application /reaml9+   
,section #bb7l77#c77;,d7 ( ! ,small     
,bus9ess ,act 7#ae ,u4,s4,c4            
#fdi7l77#c77;,d771 z am5d$ by subsection
 7b7 ( ?is section1 is am5d$ by add+ at 
! end ! foll[+3  7iv7 ,application      
/reaml9+  7,i7 ,9 g5]al ,! ,associate   
,adm9i/rator %all e/abli% a concise     
application = grants "u ! program t %all
 encompass all necess>y in=mation1      
includ+-- 7aa7 ! proposal ( ! ,/ate1    
t]ritory1 or commonweal? to manage !    
program2  7bb7 an ov]view ( ! trade     
(fice & /aff ( ! ,/ate1 t]ritory1 or    
commonweal?2  7cc7 a description ( ! key
 mission & objective1 key activities    

plann$1 & e/imat$ key p]=mance          
indicators2  7dd7 a detail$ budget1 :i*1
 = a ,/ate1 %all include a description (
 ! ca%1 indirect co/s1 & 9-k9d          
contributions ! ,/ate has committ$ to   
provide = ! non-,f$]al %>e ( ! co/ ( !  
trade expansion program ( ! ,/ate to be 
c>ri$ out us+ a grant "u ! program2 &   
7ee7 = a ,/ate1 :e!r ! ,/ate is reque/+ 
to receive additional funds allocat$ "u 
p>agraph 7#e77;,f71 if applicable4      
7,,ii7 ,scope ,! application e/abli%$ "u
 subclause 7,i7 %all-- 7aa7 include all 
! in=mation requir$ = ! te*nical        
proposal2  7bb7 elim9ate any unnecess>y 
or duplicative mat]ials1 except to !    
ext5t ! duplication is due to ! use (   
/&>d =ms or docum5ts t are n specific to
 ! ,adm9i/ration & are us$ by o!r ,f$]al
 grant programs2 &  7cc7 to ! ext5t     
feasible1 use =ms common to o!r ,f$]al  
trade & export programs4  4  7d7        
,ability to review applications aft]    
aw>d ,section #bb7l77#c7 ( ! ,small     
,bus9ess ,act 7#ae ,u4,s4,c4            

#fdi7l77#c771 z am5d$ by subsection 7a7 
( ?is section1 is am5d$ by add+ at ! end
 ! foll[+3  7,f7 ,application in=mation 
,! ,associate ,adm9i/rator %all cle>ly  
communicate to applicants & grant       
recipi5ts in=mation ab\t aw>d decisions 
"u ?is subsection1 includ+-- 7i7 = ea*  
unsuccessful applicant = a grant aw>d$  
"u ?is subsection1 provid+              
recomm5dations to improve a subsequ5t   
application = su* a grant2  7ii7 = ea*  
successful applicant = su* a grant1     
provid+ an explanation = ! am\nt aw>d$1 
if diff]5t f ! am\nt reque/$ 9 !        
application2 &  7iii7 ^u reque/1 (f]+ to
 h ! program manag] :o review$ !        
application discuss ) ! applicant h[ to 
improve a subsequ5t application = su* a 
grant4  4  7e7 ,budget plan submission &
 revisions ,section #bb7l77#c7 ( !      
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fdi7l77#c771 z am5d$ by subsection 7d7 
( ?is section1 is am5d$-- 7#a7 9        
subp>agraph 7,d77i71 by ins]t+ 1 includ+
 a budget plan = use ( funds aw>d$ "u   

?is subsection be=e ! p]iod at ! end2 & 
7#b7 by add+ at ! end ! foll[+3  7,g7   
,budget plan revisions  7i7 ,9 g5]al ,a 
,/ate1 t]ritory1 or commonweal? receiv+ 
a grant "u ?is subsection may revise !  
budget plan ( ! ,/ate1 t]ritory1 or     
commonweal? submitt$ "u subp>agraph 7,d7
 aft] ! disbursal ( grant funds if--    
7,i7 ! revision complies ) all[able uses
 ( grant funds "u ?is subsection2 &     
7,,ii7 su* ,/ate1 t]ritory1 or          
commonweal? submits notification ( !    
revision to ! ,associate ,adm9i/rator4  
7ii7 ,exception ,if a revision "u clause
 7i7 reallocates #aj p]c5t or m ( !     
am\nts describ$ 9 ! budget plan ( !     
,/ate1 t]ritory1 or commonweal? submitt$
 "u subp>agraph 7,d71 ! ,/ate1 t]ritory1
 or commonweal? may n implem5t ! revis$ 
budget plan )\t ! approval ( !          
,associate ,adm9i/rator1 unless !       
,associate ,adm9i/rator fails to approve
 or d5y ! revis$ plan )9 #bj days aft]  
receipt ( su* revis$ plan4  4  7f7      
,report+ by recipi5ts2 process+ (       

reimbursem5ts ,section #bb7l77#g7 ( !   
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fdi7l77#g77 is am5d$ by add+ at ! end !
 foll[+3  7,c7 ,report+ by recipi5ts2   
process+ ( reimbursem5ts  7i7 ,9 g5]al  
,! ,associate ,adm9i/rator %all e/abli% 
= recipi5ts ( grants "u ! program a     
/reaml9$ report+ process1 template1 or  
spread%eet =mat to report in=mation     
reg>d+ ! program & key p]=mance         
indicators requir$ by an ,act (         
,congress t-- 7,i7 a ,/ate1 t]ritory1 or
 commonweal? may use to upload requir$  
compliance reports relat+ to ! grants2  
7,,ii7 m9imizes ! manual entry (        
specific data reg>d+ eligible small     
bus9ess conc]ns1 includ+ p]=mance data2 
7,,iii7 elim9ates any duplicative or    
unnecess>y report+ requirem5ts t are n  
requir$ = ! ,associate ,adm9i/rator to--
 7aa7 report ! in=mation specifi$ 9     
subp>agraph 7,b72  7bb7 make allocations
 "u p>agraph 7#e77;,b72 or  7cc7 conduct
 necess>y ov]sight ( ! program2  7,,iv7 
to ! ext5t feasible1 accommodates ! use 

& upload+ ( spread%eets or templates    
g5]at$ f cu/om] relation%ip managem5t or
 spread%eet s(tw>e2 &  7,v7 may n       
require a ,/ate1 t]ritory1 or           
commonweal? to submit in=mation m       
frequ5tly ?an twice p] ye>4  7ii7       
,process+ ( reimbursem5t reque/s ,!     
,associate ,adm9i/rator %all-- 7,i7     
process in=mation submitt$ by a ,/ate1  
t]ritory1 or commonweal? = purposes (   
obta9+ reimbursem5t = eligible          
activities 9 a timely mann]1 )\t reg>d  
to :e!r ! in=mation is submitt$         
semiannually1 z describ$ 9 clause       
7i77,v71 or qu>t]ly1 if ! ,/ate1        
t]ritory1 or commonweal? elects to      
submit in=mation qu>t]ly2  7,,ii7 notify
 a ,/ate1 t]ritory1 or commonweal? if   
su* in=mation is n process$ on or be=e !
 date t is #ba days aft] ! date su*     
in=mation is submitt$2 &  7,,iii7       
provide an e/imat$ completion timel9e ) 
any notification "u subclause 7,,ii74   
7iii7 ,rule ( con/ruction ,no?+ 9 clause
 7i7 %all be con/ru$ to prohibit a      

,/ate1 t]ritory1 or commonweal? f       
submitt+ in=mation = purposes ( obta9+  
reimbursem5t = eligible activities on a 
qu>t]ly basis1 at ! election ( ! ,/ate1 
t]ritory1 or commonweal?1 respectively4 
4  7g7 ,requirem5ts relat$ to ,/ate     
employees ,section #bb7l77#c7 ( ! ,small
 ,bus9ess ,act 7#ae ,u4,s4,c4           
#fdi7l77#c771 z am5d$ by subsection 7e7 
( ?is section1 is am5d$ by add+ at ! end
 ! foll[+3  7,h7 ,limitation on         
collection ( ,/ate (ficial & employee   
in=mation  7i7 ,9 g5]al ,subject to     
clause 7ii71 ! ,associate ,adm9i/rator--
 7,i7 may only require t a ,/ate1       
t]ritory1 or commonweal? include ) an   
application = a grant "u ! program      
detail$ in=mation1 su* z a position     
description & resume1 = ! ,/ate1        
t]ritory1 or commonweal? (ficial or     
employee t w\ld manage ! grant2  7,,ii7 
may only require t a ,/ate1 t]ritory1 or
 commonweal? receiv+ a grant "u !       
program report ! sal>y ( a ,/ate1       
t]ritory1 or commonweal? (ficial or     

employee to ! ext5t t ! ,/ate1 t]ritory1
 or commonweal?-- 7aa7 includes su*     
sal>y z "p ( ! non-,f$]al %>e ( ! co/ ( 
! trade expansion program2 or  7bb7 uses
 am\nts receiv$ "u ! grant = ! co/ ( su*
 sal>y1 9 :ole or 9 "p2 &  7,,iii7 )    
respect to a ,/ate1 t]ritory1 or        
commonweal? (ficial or employee :o is n 
directly manag+ a grant "u ! program1   
may only require ! ,/ate1 t]ritory1 or  
commonweal? to report ! "n1 position1 & 
contact in=mation ( ! (ficial or        
employee4  7ii7 ,exceptions ,!          
,associate ,adm9i/rator may require a   
,/ate1 t]ritory1 or commonweal? to      
provide in=mation ab\t a ,/ate1         
t]ritory1 or commonweal? (ficial or     
employee t is relevant to any           
inve/igation into suspect$ mismanagem5t1
 fraud1 or malfeasance or t is necess>y 
to comply ) ,f$]al grant requirem5ts4  4
  7h7 ,limitation on compliance audits  
,section #bb7l7 ( ! ,small ,bus9ess ,act
 7#ae ,u4,s4,c4 #fdi7l77 is am5d$-- 7#a7
 by r$esignat+ p>agraphs 7#g71 7#h71 &  

7#i7 z p>agraphs 7#aj71 7#aa71 & 7#ab71 
respectively2  7#b7 by r$esignat+       
p>agraphs 7#e7 & 7#f7 z p>agraphs 7#f7 &
 7#g71 respectively2 &  7#c7 by ins]t+  
aft] p>agraph 7#g71 z s r$esignat$1 !   
foll[+3  7#h7 ,compliance audits  7,a7  
,9 g5]al ,except z provid$ 9 subp>agraph
 7,b71 ! ,associate ,adm9i/rator may n  
conduct an audit ( a ,/ate1 t]ritory1 or
 commonweal? to evaluate compliance )   
?is subsection m ?an once e #c ye>s4    
7,b7 ,exceptions ,! ,associate          
,adm9i/rator may conduct an audit ( a   
,/ate1 t]ritory1 or commonweal? to      
evaluate compliance ) ?is subsection m  
?an once e #c ye>s if-- 7i7 ! am\nt     
allocat$ to ! ,/ate1 t]ritory1 or       
commonweal? "u a grant "u ?is subsection
 = a fiscal ye> is an increase ( n less 
?an #ae p]c5t f ! allocation = ! ,/ate1 
t]ritory1 or commonweal? = ! prior      
fiscal ye>2  7ii7 ! ,associate          
,adm9i/rator believes t am\nts receiv$  
by ! ,/ate1 t]ritory1 or commonweal? "u 
a grant "u ?is subsection are be+ us$ = 

ineligible activities or z "p (         
fraudul5t activity2 or  7iii7 ! mo/     
rec5t audit report %[s evid5ce ( mat]ial
 noncompliance ) program requirem5ts1 9 
:i* case ! ,associate ,adm9i/rator may  
conduct an audit annually until         
compliance is ree/abli%$4  4  #d4 ,fund+
 transp>5cy & pr$ictability  7a7 ,cap on
 r$uctions 9 grants ,section #bb7l7 ( ! 
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fdi7l77 is am5d$ by /rik+ p>agraph 7#d7
 & ins]t+ ! foll[+3  7#d7 ,limitations  
7,a7 ,def9itions ,9 ?is p>agraph-- 7i7 !
 t]m curr5t fiscal ye> means ! fiscal   
ye> = :i* ! ,adm9i/rator is det]m9+ !   
am\nt ( a grant to be aw>d$ to a ,/ate1 
t]ritory1 or commonweal? "u ! program2 &
  7ii7 ! t]m prior fiscal ye> means !   
mo/ rec5t fiscal ye> be=e ! curr5t      
fiscal ye> = :i* a ,/ate1 t]ritory1 or  
commonweal? receiv$ a grant "u !        
program4  7,b7 ,g5]al limitation on     
r$uctions 9 grants ,subject to          
subp>agraphs 7,c7 & 7,d71 ! ,adm9i/rator
 may n aw>d a grant to a ,/ate1         

t]ritory1 or commonweal? "u ! program = 
! curr5t fiscal ye> 9 an am\nt t is less
 ?an #hj p]c5t ( ! am\nt receiv$ by !   
,/ate1 t]ritory1 or commonweal? "u a    
grant "u ! program = ! prior fiscal ye>4
  7,c7 ,pot5tial additional adju/m5ts   
7i7 ,exception = r$uction 9             
appropriations ,subject to subp>agraph  
7,d71 if ! total am\nt appropriat$ = !  
program = ! curr5t fiscal ye> is less   
?an ! am\nt appropriat$ = ! program = ! 
prior fiscal ye>1 = purposes ( apply+   
subp>agraph 7,b71 ! ,adm9i/rator %all   
sub/itute = ! am\nt receiv$ by ! ,/ate1 
t]ritory1 or commonweal? "u a grant "u !
 program = ! prior fiscal ye> ! product 
obta9$ by multiply+-- 7,i7 subject to   
clause 7ii7 ( ?is subp>agraph1 ! am\nt  
receiv$ by ! ,/ate1 t]ritory1 or        
commonweal? "u a grant "u ! program = ! 
prior fiscal ye>2 by  7,,ii7 ! ratio ( !
 appropriation = ! curr5t fiscal ye> to 
! appropriation = ! prior fiscal ye>4   
7ii7 ,exception = grantees t use less   
?an #hj p]c5t ( ! am\nt ( a grant       

,subject to subp>agraph 7,d71 if a      
,/ate1 t]ritory1 or commonweal? exp5ds  
less ?an #hj p]c5t ( ! am\nt ( a grant  
"u ! program = ! prior fiscal ye> be=e !
 end ( ! p]iod ( ! grant = ! prior      
fiscal ye> e/abli%$ "u p>agraph         
7#c77;,c77iii77,i71 = purposes ( apply+ 
subp>agraph 7,b7 ( ?is p>agraph1 if     
appropriations are n r$uc$1 or apply+   
clause 7i7 ( ?is subp>agraph1 if        
appropriations are r$uc$1 ! ,adm9i/rator
 %all sub/itute = ! am\nt receiv$ by !  
,/ate1 t]ritory1 or commonweal? "u a    
grant "u ! program = ! prior fiscal ye> 
! diff]5ce obta9$ by subtract+-- 7,i7 ! 
am\nt equal to #ej p]c5t ( ! am\nt      
rema9+ available "u ! grant "u ! program
 to ! ,/ate1 t]ritory1 or commonweal? = 
! prior fiscal ye>1 z ( ! la/ day ( su* 
p]iod2 f  7,,ii7 ! am\nt ( ! grant "u ! 
program to ! ,/ate1 t]ritory1 or        
commonweal? = ! prior fiscal ye>4  7iii7
 ,exception = increase 9 grantees       
result+ 9 insuffici5t fund+ ,if ! numb] 
( ,/ates1 t]ritories1 or commonweal?s   

p>ticipat+ 9 ! program has increas$ f ! 
prior fiscal ye> to su* an ext5t t fund+
 is n suffici5t to provide ea* grantee !
 m9imum am\nt requir$ "u ?is p>agraph   
7includ+ any r$uctions "u clause 7i7 or 
7ii7 ( ?is subp>agraph1 if applicable7 !
 ,adm9i/rator may make pro rata         
r$uctions to ! m9imum grant am\nt       
o!rwise requir$ "u ?is p>agraph on a    
"o-"t basis to ensure t all qualifi$    
applicants may receive grants4  7,d7    
,violations ,! am\nt ( a grant to a     
,/ate1 t]ritory1 or commonweal? may be  
less ?an ! m9imum am\nt det]m9$ "u      
subp>agraph 7,b7 7includ+ any           
sub/itution ( am\nts "u clauses 7i7 &   
7ii7 ( subp>agraph 7,c71 z applicable71 
if ! ,/ate1 t]ritory1 or commonweal? has
 be5 f\nd to h committ$ a significant   
violation ( ! rules or policies ( !     
program4  4  7b7 ,p]mitt+ c>ryov] (     
unus$ grant funds ,section              
#bb7l77#c77;,c7 ( ! ,small ,bus9ess ,act
 7#ae ,u4,s4,c4 #fdi7l77#c77;,c77 is    
am5d$-- 7#a7 9 clause 7ii71 by /rik+ #dj

 p]c5t & ins]t+ #cj p]c5t2 &  7#b7 9    
clause 7iii7-- 7,a7 by /rik+ ,!         
,associate ,adm9i/rator & ins]t+ !      
foll[+3  7,i7 ,9 g5]al ,! ,associate    
,adm9i/rator  2 &  7,b7 by add+ at ! end
 ! foll[+3  7,,ii7 ,grantees t use less 
?an ! full am\nt ( a grant  7aa7 ,9     
g5]al ,subject to item 7bb71 = a ,/ate1 
t]ritory1 or commonweal? t does n exp5d 
! entire am\nt ( a grant "u ! program   
be=e ! end ( ! p]iod ( ! grant e/abli%$ 
"u subclause 7,i71 ! ,/ate1 t]ritory1 or
 commonweal? may exp5d am\nts rema9+    
available "u ! grant z ( ! la/ day ( su*
 p]iod dur+ ! fir/ fiscal ye> aft] su*  
p]iod1 9 an am\nt n to exce$ #bj p]c5t (
 ! am\nt orig9ally made available "u su*
 grant4  7bb7 ,=feit$ grants ,item 7aa7 
%all n apply to a grant "u ! program to 
a ,/ate1 t]ritory1 or commonweal? t 0   
=feit$ due to a significant program     
violation by ! ,/ate1 t]ritory1 or      
commonweal?4  7cc7 ,return ( grant funds
 ,a ,/ate1 t]ritory1 or commonweal? %all
 return to ! ,treasury-- 7,,aa7 any     

am\nts rema9+ available "u a grant "u ! 
program at ! end ( ! p]iod ( ! grant    
e/abli%$ "u subclause 7,i7 t are n      
available = exp5diture "u item 7aa7 (   
?is subclause2 & 7,,bb7 any am\nts t are
 available = exp5diture "u item 7aa7 &  
are n exp5d$ on or be=e ! date t is #a  
ye> aft] ! la/ day ( ! orig9al p]iod ( !
 grant e/abli%$ "u subclause 7,i74  4   
7c7 ,fund+ =mula ,section #bb7l7 ( !    
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fdi7l77 is am5d$ by ins]t+ aft]        
p>agraph 7#d71 z am5d$ by subsection 7a7
 ( ?is section1 ! foll[+3  7#e7 ,fund+  
=mula  7,a7 ,m9imum allocation ,subject 
to p>agraph 7#d71 & except z provid$    
o!rwise 9 ?is p>agraph1 ! m9imum am\nt (
 a grant "u ! program = a fiscal ye>--  
7i7 = a t]ritory or commonweal?1 %all be
 ! am\nt equal to #j4e p]c5t ( ! total  
am\nt appropriat$ = ! program = ! fiscal
 ye>2 &  7ii7 = a ,/ate1 %all be ! am\nt
 equal to #j4ge p]c5t ( ! total am\nt   
appropriat$ = ! program = ! fiscal ye>4 
7,b7 ,additional funds  7i7 ,9 g5]al    

,subject to clause 7ii71 am\nts rema9+ =
 grants "u ! program = a fiscal ye> aft]
 ! m9imum allocation "u subp>agraph 7,a7
 %all be allocat$ among ,/ates receiv+ a
 grant "u ! program 9 accordance ) !    
foll[+ metrics3 7,i7 #bj p]c5t ( am\nts 
rema9+ %all be proportionally allocat$  
bas$ on ! ratio1 = ! mo/ rec5tly        
complet$ grant cycle = :i* complete     
report+ data is available1 ( ! doll>    
value ( export sales report$ by a ,/ate 
t 7 initiat$ z a result ( program       
activities und]tak5 by eligible small   
bus9ess conc]ns t are locat$ 9 ! ,/ate  
to ! am\nt ( ! grant receiv$ by ! ,/ate4
  7,,ii7 #bj p]c5t ( am\nts rema9+ %all 
be proportionally allocat$ bas$ on !    
ratio1 = ! mo/ rec5tly complet$ grant   
cycle = :i* complete report+ data is    
available1 ( ! total numb] ( activities 
describ$ 9 p>agraph 7#b7 und]tak5 by    
eligible small bus9ess conc]ns          
p>ticipat+ 9 ! program t are locat$ 9 ! 
,/ate to ! am\nt ( ! grant receiv$ by ! 
,/ate4  7,,iii7 #ae p]c5t ( am\nts      

rema9+ %all be proportionally allocat$  
bas$ on ! ratio1 = ! mo/ rec5tly        
complet$ grant cycle = :i* complete     
report+ data is available1 ( ! numb] (  
eligible small bus9ess conc]ns          
p>ticipat+ 9 ! program = ! fir/ "t t are
 locat$ 9 ! ,/ate to ! am\nt ( ! grant  
receiv$ by ! ,/ate4  7,,iv7 #ae p]c5t ( 
am\nts rema9+ %all be proportionally    
allocat$ bas$ on ! ratio1 = ! mo/       
rec5tly complet$ grant cycle = :i*      
complete report+ data is available1 ( ! 
numb] ( eligible small bus9ess conc]ns  
p>ticipat+ 9 ! program t are locat$ 9 ! 
,/ate & t engag$ 9 trade outside !      
,unit$ ,/ates = ! fir/ "t to ! am\nt ( !
 grant receiv$ by ! ,/ate4  7,v7 #ae    
p]c5t ( am\nts rema9+ %all be           
proportionally allocat$ bas$ on ! ratio1
 = ! mo/ rec5tly complet$ grant cycle = 
:i* complete report+ data is available1 
( ! total numb] ( new m>kets rea*$ by   
eligible small bus9ess conc]ns          
p>ticipat+ 9 ! program t are locat$ 9 ! 
,/ate to ! am\nt ( ! grant receiv$ by ! 

,/ate4  7,,vi7 #ae p]c5t ( am\nts rema9+
 %all be proportionally allocat$ bas$ on
 ! ratio1 = ! mo/ rec5tly complet$ grant
 cycle1 ( ! total numb] ( eligible small
 bus9ess conc]ns p>ticipat+ 9 ! program 
t are locat$ 9 ! ,/ate to ! numb] (     
eligible small bus9ess conc]ns          
p>ticipat+ 9 ! program t are locat$ 9 ! 
,/ate & t meet #a or m ( ! foll[+       
crit]ia3 7aa7 ,locat$ 9 a l[-income or  
mod]ate-income area4  7bb7 ,locat$ 9 a  
rural area4  7cc7 ,locat$ 9 an          
,h,u,b,zone1 z t t]m is def9$ 9 section 
#ca7;b74  7dd7 ,locat$ 9 a community t  
has be5 designat$ z an emp[]m5t zone or 
ent]prise community "u section #acia ( !
 ,int]nal ,rev5ue ,code ( #aihf4  7ee7  
,locat$ 9 a community t has be5         
designat$ z a promise zone by !         
,secret>y ( ,h\s+ & ,urban ,developm5t4 
7ff7 ,locat$ 9 a community t has be5    
designat$ z a qualifi$ opportunity zone 
"u section #adjj,z-#a ( ! ,int]nal      
,rev5ue ,code ( #aihf4  7gg7 ,be+ own$  
by wom54  7ii7 ,limitation ,9 allocat+  

funds "u ea* ( subclauses 7,i7 ?r\gh    
7,,vi7 ( clause 7i71 ! am\nt ( funds    
allocat$ "u su* subclause to ! ,/ate ) !
 highe/ ratio = a metric may n be m ?an 
#aj times ! am\nt ( funds allocat$ "u   
su* subclause to ! ,/ate ) ! l[e/ ratio 
t is great] ?an z]o = t metric4  7,c7   
,limit on r$uction bel[ grant be=e      
enactm5t ,9 addition to ! limitations "u
 p>agraph 7#d71 & except to ! ext5t a   
,/ate elects to return funds "u         
subp>agraph 7,e71 ! am\nt ( a grant to !
 ,/ate "u ! program = any fiscal ye> may
 n be less ?an ! am\nt ( ! grant to !   
,/ate "u ! program = ! mo/ rec5t full   
fiscal ye> be=e ! date ( enactm5t ( !   
,/ate ,trade ,expansion ,program        
,mod]nization ,act ( #bjbd = :i* ! ,/ate
 receiv$ su* a grant4  7,d7 ,mat*+      
requirem5t = =mula funds ,! ,associate  
,adm9i/rator %all provide to ea* ,/ate  
receiv+ a grant "u ! program an aw>d 9 !
 am\nt calculat$ 9 accordance ) ! fund+ 
=mula "u subp>agraphs 7,a71 7,b71 & 7,c7
 if ! ,/ate has committ$ to provide !   

necess>y ca%1 indirect co/s1 & 9-k9d    
contributions = ! non-,f$]al %>e ( ! co/
 ( ! trade expansion program ( ! ,/ate1 
z requir$ "u p>agraph 7#f74  7,e7       
,return ( grants ,n lat] ?an #ae days   
aft] ! date on :i* ! ,associate         
,adm9i/rator notifies a ,/ate ( ! am\nt 
to be aw>d$ to ! ,/ate "u a grant "u !  
program = a fiscal ye>1 ! ,/ate may     
decl9e or return to ! ,associate        
,adm9i/rator1 9 :ole or 9 "p1 su*       
am\nts4  7,f7 ,di/ribution ( return$ &  
rema9+ am\nts  7i7 ,rema9+ am\nts ,9 ?is
 subp>agraph1 ! t]m rema9+ am\nts       
means-- 7,i7 am\nts decl9$ or return$ "u
 subp>agraph 7,e7 = a fiscal ye>2 or    
7,,ii7 am\nts rema9+ = grants "u !      
program = a fiscal ye> aft] allocat+    
funds 9 accordance ) subp>agraphs 7,a71 
7,b71 & 7,c7 due to r$uctions 9 ! am\nt 
( grants because ( ! am\nt committ$ by  
,/ates = ! non-,f$]al %>e ( ! co/ ( !   
trade expansion program ( ! ,/ates4     
7ii7 ,di/ribution ,! ,associate         
,adm9i/rator %all di/ribute any rema9+  

am\nts = a fiscal ye> among ! ,/ates    
receiv+ a grant "u ! program t reque/$  
to receive su* rema9+ am\nts1 9 an am\nt
 t is proportional to ! allocations "u  
subp>agraphs 7,a71 7,b71 & 7,c74  7,g7  
,limitation on basis = r$uc+ am\nts ,!  
,associate ,adm9i/rator may n r$uce !   
am\nt det]m9$ to be allocat$ or         
di/ribut$ to a ,/ate "u any subp>agraph 
( ?is p>agraph bas$ on ! propos$ use (  
su* am\nt by ! ,/ate1 except to ! ext5t 
t su* use is n an eligible use ( funds =
 a grant "u ! program4  7,h7 ,r\nd+ ,!  
total am\nt ( a grant to a ,/ate1       
t]ritory1 or commonweal? "u ! program1 z
 det]m9$ "u ?is p>agraph1 %all be r\nd$ 
to ! ne>e/ increm5t ( #a1jjj4  7,i7     
,application  7i7 ,9 g5]al ,! ,associate
 ,adm9i/rator %all aw>d grants "u ?is   
subsection bas$ on ! =mula describ$ 9   
?is p>agraph1 & )\t reg>d to p>agraph   
7#c77;,b7-- 7,i7 = ! second consecutive 
fiscal ye> = :i* ! am\nt made available 
= ! program is n less ?an #cj1jjj1jjj2 &
  7,,ii7 = ea* fiscal ye> aft] ! fiscal 

ye> describ$ 9 subclause 7,i7 = :i* !   
am\nt made available = ! program is n   
less ?an #cj1jjj1jjj4  7ii7 ,aw>d :5 n  
bas$ on =mula ,= any fiscal ye> = :i*   
grants are n aw>d$ bas$ on ! =mula      
describ$ 9 ?is p>agraph1 ! ,associate   
,adm9i/rator %all aw>d grants "u ?is    
subsection on a competitive basis1 tak+ 
into acc\nt ! consid]ations describ$ 9  
p>agraph 7#c77;,b74  7,j7 ,transition   
plan  7i7 ,initial plan  7,i7 ,9 g5]al  
,if ! am\nt made available = ! program =
 a fiscal ye> is n less ?an #cj1jjj1jjj1
 ! ,associate ,adm9i/rator %all develop 
a transition plan describ+ h[ !         
,adm9i/ration int5ds to beg9 aw>d+      
grants bas$ on ! =mula describ$ 9 ?is   
p>agraph1 to ensure ! ,adm9i/ration is  
prep>$ to aw>d grants bas$ on ! =mula   
describ$ 9 ?is p>agraph if ! am\nt made 
available = ! program = ! next fiscal   
ye> is n less ?an #cj1jjj1jjj4  7,,ii7  
,"o-"t requirem5t ,subclause 7,i7 %all n
 apply on & aft] ! fir/ day ( ! fir/    
fiscal ye> = :i* ! ,associate           

,adm9i/rator aw>ds grants bas$ on !     
=mula describ$ 9 ?is p>agraph4  7,,iii7 
,requirem5t to use =mula ,! ,associate  
,adm9i/rator %all aw>d grants bas$ on ! 
=mula describ$ 9 ?is p>agraph 9         
accordance ) ! requirem5ts "u           
subp>agraph 7,i71 )\t reg>d to :e!r !   
,associate ,adm9i/rator develops !      
transition plan requir$ "u subclause    
7,i7 ( ?is clause4  7ii7 ,updates ,if1 =
 any fiscal ye> aft] ! fir/ fiscal ye> =
 :i* ! ,associate ,adm9i/rator aw>ds    
grants bas$ on ! =mula describ$ 9 ?is   
p>agraph1 ! am\nt made available = !    
program = ! fiscal ye> is less ?an      
#cj1jjj1jjj1 ! ,associate ,adm9i/rator  
%all update ! plan to aw>d grants bas$  
on ! =mula describ$ 9 ?is p>agraph1 to  
ensure ! ,adm9i/ration is prep>$ to aw>d
 grants bas$ on ! =mula describ$ 9 ?is  
p>agraph if ! am\nt made available = !  
program = ! next fiscal ye> is n less   
?an #cj1jjj1jjj4  7,k7 ,report+ ,n lat] 
?an #ahj days aft] ! end ( ea* fiscal   
ye> = :i* ! am\nt ( grants "u ?is       

subsection is det]m9$ "u ! =mula        
describ$ 9 ?is p>agraph1 ! ,associate   
,adm9i/rator %all submit to ! ,committee
 on ,small ,bus9ess & ,entrepr5eur%ip ( 
! ,s5ate & ! ,committee on ,small       
,bus9ess ( ! ,h\se ( ,repres5tatives a  
report t provides ! in=mation us$ by !  
,associate ,adm9i/rator to det]m9e !    
am\nts ( grants "u ! =mula1 :i* %all    
include = ! applicable fiscal ye>-- 7i7 
! numb] ( ,/ates t appli$ = a grant "u !
 program2  7ii7 ! numb] ( ,/ates t      
receiv$ a grant "u ! program2  7iii7 !  
raw data = ea* factor us$ to calculate  
aw>d am\nts 9 accordance ) subp>agraph  
7,b71 brok5 out by ,/ate2  7iv7 !       
utilization rates ( ea* grantee1 brok5  
out by grantee2  7v7 ! am\nt c>ri$ ov]  
by a grantee "u p>agraph                
7#c77;,c77iii77,,ii77aa71 brok5 out by  
grantee2  7vi7 ! am\nt return$ to       
,treasury due to a failure to use !     
am\nts "u p>agraph                      
7#c77;,c77iii77,,ii77cc71 brok5 out by  
grantee2 &  7vii7 ! am\nt return$ to !  

,associate ,adm9i/rator dur+ ! p]iod    
describ$ 9 subp>agraph 7,e74  4  #e4    
,expansion ( def9ition ( eligible small 
bus9ess conc]n2 *ange to set aside2     
con=m+ *anges  7a7 ,expansion (         
def9ition ( eligible small bus9ess      
conc]n  7#a7 ,9 g5]al ,section          
#bb7l77#a77;,a7 ( ! ,small ,bus9ess ,act
 7#ae ,u4,s4,c4 #fdi7l77#a77;,a77 is    
am5d$-- 7,a7 9 clause 7iii77,,ii71 by   
add+ & at ! end2  7,b7 by /rik+ clause  
7iv72 &  7,c7 by r$esignat+ clause 7v7 z
 clause 7iv74  7#b7 ,limitation on use (
 funds = p>ticipation 9 =eign trade     
missions ,section #bb7l77#b77;,a7 ( !   
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fdi7l77#b77;,a77 is am5d$ by ins]t+ by 
eligible small bus9ess conc]ns t h be5 9
 op]ation = n less ?an #a ye> aft] trade
 missions4  7b7 ,*ange to def9itions &  
,f$]al %>e requirem5ts ,section #bb7l7 (
 ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4  
#fdi7l77 is am5d$-- 7#a7 9 p>agraph     
7#a7-- 7,a7 by r$esignat+ subp>agraphs  
7,a7 ?r\gh 7,e7 z subp>agraphs 7,b7     

?r\gh 7,f71 respectively2  7,b7 by      
ins]t+ be=e subp>agraph 7,b71 z s       
r$esignat$1 ! foll[+3  7,a7 ! t]m       
commonweal? means ! ,commonweal? (      
,pu]to ,rico & ! ,commonweal? ( !       
,nor!rn ,m>iana ,isl&s2  2  7,c7 9      
subp>agraph 7,e71 z s r$esignat$1 by    
/rik+ & at ! end2  7,d7 9 subp>agraph   
7,f71 z s r$esignat$1 by /rik+ ,/ates1 !
 ,di/rict & all t foll[s & ins]t+ ,/ates
 & ! ,di/rict ( ,columbia2 &2 &  7,e7 by
 add+ at ! end ! foll[+3  7,g7 ! t]m    
t]ritory means ! ,unit$ ,/ates ,virg9   
,isl&s1 ,guam1 & ,am]ican ,samoa4  2    
7#b7 9 p>agraph 7#b71 9 ! matt] prec$+  
subp>agraph 7,a71 by ins]t+ 1           
t]ritories1 & commonweal?s aft] ,/ates2 
7#c7 9 p>agraph 7#c7-- 7,a7 by ins]t+ 1 
t]ritory1 or commonweal? aft] ,/ate ea* 
place x appe>s1 except 9-- 7i7 subclause
 7,,ii7 ( subp>agraph 7,c77iii71 z add$ 
by section #d7;b7 ( ?is ,act2  7ii7     
clause 7iv7 ( subp>agraph 7,d71 z add$  
by section #c7;c7 ( ?is ,act2  7iii7    
subp>agraph 7,g71 z add$ by section     

#c7;e7 ( ?is ,act2 &  7iv7 subp>agraph  
7,h71 z add$ by section #c7;g7 ( ?is    
,act2 &  7,b7 by ins]t+ 1 t]ritories1 or
 commonweal?s aft] ,/ates ea* place x   
appe>s2  7#d7 9 p>agraph 7#f71 z s      
r$esignat$ by section #c7;h7 ( ?is      
,act-- 7,a7 9 subp>agraph 7,a71 by /rik+
 & at ! end2  7,b7 9 subp>agraph 7,b71  
by /rik+ ! p]iod at ! end & ins]t+ 2 &2 
&  7,c7 by add+ at ! end ! foll[+3  7,c7
 = a t]ritory or commonweal?1 #ajj      
p]c5t4  2 &  7#e7 9 p>agraph 7#aj71 z s 
r$esignat$ by section #c7;h7 ( ?is      
,act-- 7,a7 by ins]t+ 1 t]ritory1 or    
commonweal? aft] ,/ate ea* place x      
appe>s1 except 9 subp>agraph 7,c71 z    
add$ by section #c7;f7 ( ?is ,act2 &    
7,b7 by ins]t+ 1 t]ritories1 or         
commonweal?s aft] ,/ates ea* place x    
appe>s4  #f4 ,survey & annual report    
7a7 ,survey ,section #bb7l7 ( ! ,small  
,bus9ess ,act 7#ae ,u4,s4,c4 #fdi7l77 is
 am5d$ by ins]t+ aft] p>agraph 7#h71 z  
add$ by section #c7;h7 ( ?is ,act1 !    
foll[+3  7#i7 ,survey ,! ,associate     

,adm9i/rator %all conduct an annual     
survey ( ea* ,/ate1 t]ritory1 or        
commonweal? t receiv$ a grant "u ?is    
subsection dur+ ! prec$+ ye> to solicit 
fe$back on ! program & develop be/      
practices = grantees4  4  7b7 ,report   
,p>agraph 7#aj77;,b7 ( section #bb7l7 ( 
! ,small ,bus9ess ,act 7#ae ,u4,s4,c4   
#fdi7l771 z s r$esignat$ by section     
#c7;h7 ( ?is ,act1 is am5d$-- 7#a7 9    
clause 7i7-- 7,a7 9 subclause 7,,iii71  
by ins]t+ 1 includ+ ! total numb] (     
eligible small bus9ess conc]ns assi/$ by
 ! program 7disaggregat$ by small       
bus9ess conc]ns locat$ 9 a l[-income or 
mod]ate-income community1 small bus9ess 
conc]ns own$ & controll$ by wom51 &     
rural small bus9ess conc]ns7 be=e !     
semicolon at ! end2  7,b7 9 subclause   
7,,iv71 by /rik+ & at ! end2  7,c7 9    
subclause 7,v7-- 7i7 by /rik+           
description ( be/ practices & ins]t+    
detail$ description ( be/ practices2 &  
7ii7 by /rik+ ! p]iod at ! end & ins]t+ 
a semicolon2 &  7,d7 by add+ at ! end ! 

foll[+3  7,,vi7 an analysis ( ! p]=mance
 metrics describ$ 9 clause 7iii71       
includ+ a det]m9ation ( :e!r or n any   
goals relat+ to su* p]=mance metrics 7  
met1 & an analysis ( ! survey describ$ 9
 p>agraph 7#i72 &  7,,vii7 a description
 ( lessons le>n$ by grant recipi5ts "u  
?is subsection t may apply to o!r       
assi/ance provid$ by ! ,adm9i/ration4  2
 &  7#b7 by add+ at ! end ! foll[+3     
7iii7 ,p]=mance metrics ,annually1 !    
,associate ,adm9i/rator %all collect    
data on eligible small bus9ess conc]ns  
assi/$ by ! program = ! foll[+ p]=mance 
metrics3 7,i7 ,total numb] ( su*        
conc]ns1 disaggregat$ by eligible small 
bus9ess conc]ns t meet #a or m ( !      
foll[+ crit]ia3 7aa7 ,locat$ 9 a        
l[-income or mod]ate-income area4  7bb7 
,locat$ 9 a rural area4  7cc7 ,locat$ 9 
an ,h,u,b,zone1 z t t]m is def9$ 9      
section #ca7;b74  7dd7 ,locat$ 9 a      
community t has be5 designat$ z an      
emp[]m5t zone or ent]prise community "u 
section #acia ( ! ,int]nal ,rev5ue ,code

 ( #aihf4  7ee7 ,locat$ 9 a community t 
has be5 designat$ z a promise zone by ! 
,secret>y ( ,h\s+ & ,urban ,developm5t4 
7ff7 ,locat$ 9 a community t has be5    
designat$ z a qualifi$ opportunity zone 
"u section #adjj,z-#a ( ! ,int]nal      
,rev5ue ,code ( #aihf4  7gg7 ,be+ own$  
by wom54  7,,ii7 ,total doll> am\nt (   
export sales by eligible small bus9ess  
conc]ns assi/$ by ! program4  7,,iii7   
,numb] ( su* conc]ns t h n previ\sly    
p>ticipat$ 9 an activity describ$ 9     
p>agraph 7#b74  7,,iv7 ,numb] ( su*     
conc]ns t1 because ( p>ticipation 9 !   
program1 h become a fir/-"t export]4    
7,v7 ,numb] ( su* conc]ns t1 because (  
p>ticipation 9 ! program1 h access$ a   
new m>ket4  7,,vi7 ,numb] ( su* conc]ns 
t h begun export+ to ea* new m>ket4  4  
#g4 ,au?orization ( appropriations      
,p>agraph 7#ab7 ( section #bb7l7 ( !    
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fdi7l771 z s r$esignat$ by section     
#c7;h7 ( ?is ,act1 is am5d$ by /rik+    
fiscal ye>s #bjaf ?r\gh #bjbj & ins]t+  

fiscal ye>s #bjbe ?r\gh #bjbi4  #h4     
,report to ,congress ,n lat] ?an #a ye> 
aft] ! date ( enactm5t ( ?is ,act1 !    
,associate ,adm9i/rator = ,int]national 
,trade ( ! ,small ,bus9ess ,adm9i/ration
 %all submit to ,congress a report on ! 
,/ate ,trade ,expansion ,program        
e/abli%$ "u section #bb7l7 ( ! ,small   
,bus9ess ,act 7#ae ,u4,s4,c4 #fdi7l771 z
 am5d$ by ?is ,act1 t includes a        
description (-- 7#a7 ! process develop$ 
= review ( revis$ budget plans submitt$ 
"u subp>agraph 7,g7 ( section #bb7l77#c7
 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4
 #fdi7l77#c771 z add$ by section #c7;e7 
( ?is ,act2  7#b7 any *anges made to    
/reaml9e ! application process "u !     
,/ate ,trade ,expansion ,program to     
remove duplicative requirem5ts & create 
a m transp>5t process2  7#c7 ! process  
develop$ to %>e be/ practices by ,/ates1
 t]ritories1 & commonweal?s describ$ 9  
p>agraph 7#aj77;,b77i77,v7 ( section    
#bb7l7 ( ! ,small ,bus9ess ,act 7#ae    
,u4,s4,c4 #fdi7l771 z s r$esignat$ by   

section #c7;h7 ( ?is ,act1 p>ticul>ly = 
fir/-"t grant recipi5ts "u ! ,/ate      
,trade ,expansion ,program or grant     
recipi5ts t are fac+ problems us+ grant 
funds2 &  7#d7 ! process develop$ to    
communicate1 bo? v]bally & 9 writ+1     
relevant in=mation ab\t ! ,/ate ,trade  
,expansion ,program to all grant        
recipi5ts 9 a timely mann]4  #i4        
,sev]ability ,if any provision ( ?is    
,act1 an am5dm5t made by ?is ,act1 or ! 
application ( su* provision or am5dm5t  
to any p]son or circum/ance is held to  
be uncon/itutional1 ! rema9d] ( ?is ,act
 & ! am5dm5ts made by ?is ,act1 & !     
application ( ! provision or am5dm5t to 
any o!r p]son or circum/ance1 %all n be 
affect$4  ,may #bc1 #bjbd ,read twice & 
plac$ on ! cal5d>