A bill to amend the Small Business Act to permit business concerns that are owned by venture capital operating companies or pension plans to participate in the Small Business Innovation Research Program.
About This Bill
Committee
Latest Action · May 5, 2004
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S4915)
Amends the Small Business Act to state that a business shall not be prevented from participating in the Small Business Innovation Research Program (a program under which a portion of Federal agencies' research and development efforts is reserved for award to small businesses) solely because the business is owned in part by: (1) a venture capital operating company managed and controlled by one or more U.S. citizens or permanent resident aliens; or (2) an employee benefit or pension plan.
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