S. 5633 — STEP Improvement Act of 2026

This section revises application requirements for the State Trade Expansion Program by requiring a budget plan, setting annual deadlines for publishing application information by March 31, receiving applications by May 31 (or 120 days after full-year appropriations), and announcing awards by September 30 (or 210 days after appropriations), mandating a streamlined application form, and requiring specific feedback to applicants plus a public website with program details. It also caps grant reductions at 20 percent from the prior fiscal year amount, with proportional adjustments if appropriations decline and further reductions if a grantee expends less than 80 percent of prior-year funds.