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Recent Congressional Action on STEP

June 24, 2014

WASHINGTON, D.C.—Senate appropriators are supporting the State Trade and Export Promotion (STEP) program at previous levels in their 2015 budget. Funding for the STEP program was reduced from $30 million to $8 million in the FY2014 federal budget that passed at the start of the year. House appropriators are unlikely to support the program at the same level. With an average return on investment (ROI) of $15 to $1 in actual export sales, STEP is one of the most effective federal programs aimed at increasing American exports.

SIDO and the Council of State Governments (CSG) are working closely with leaders in Congress to prioritize STEP funding in 2015 and more permanently. Click here for access to a letter and here for a flier that explains STEP's importance in more detail.