Referred to the Committee on Small Business, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The SBIR/STTR Oversight Act improves transparency and efficiency for the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which provide federal funding to help small companies develop innovative technologies. The bill requires federal agencies to publish their annual SBIR and STTR reports publicly on their websites and report them directly to Congress for better oversight. It directs the Government Accountability Office to complete a comprehensive review within three years assessing how well these programs serve new and underrepresented small businesses, including women-owned and minority-owned companies, and how effectively they support technology commercialization. The bill also extends federal reporting on award processing times to 11 years and requires the National Institutes of Health to establish a pilot program (running through September 2030) aimed at speeding up the award process to approximately 90 days between notification and funding. These changes primarily affect small business owners seeking federal research funding and federal agencies administering these innovation programs, with no new discretionary funding authorized in the bill itself.
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