1. Short title This Act may be cited as the Foreign Trade Modernization Act of 2020 . 2. Abolishment of United States and Foreign Commercial Service (a) In general The United States and Foreign Commercial Service is abolished. (b) Transfer of functions There are transferred to the Secretary of State all functions that, on the day before the date of the enactment of this Act, were authorized to be performed by the United States and Foreign Commercial Service under any statute, reorganization plan, Executive order, or other provision of law. 3. Transfer and allocation of property and appropriations The Secretary of Commerce shall transfer to the Secretary of State all contracts, property, records, and unexpended balance of appropriations, authorizations, allocations, and other funds employed, held, used, arising from, available to, or to be made available in connection with the functions of the United States and Foreign Commercial Service transferred under section 2(b), as may be necessary to carry out this Act. 4. Transfer of personnel (a) In general Not later than 180 days after the date of the enactment of this Act— (1) the Secretary of Commerce shall transfer to the Department of State those individuals who on the day before the date of the enactment of this Act, were officers or employees of the United States and Foreign Commercial Service