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.
This bill extends and expands funding for the administration of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which provide federal grants to small businesses conducting research and development. The bill extends the current program through September 30, 2030 (five years longer than previously authorized) and increases the administrative funding percentage from 3 percent to 3.3 percent of program funds. Additionally, the legislation requires federal agencies—including the Department of Defense, Energy, Health and Human Services, NASA, and the National Science Foundation—to transfer at least 10 percent of their SBIR and STTR funds to the Small Business Administration within two months of receiving appropriations to support program administration. The bill also directs agencies to use a portion of these funds for outreach and technical assistance aimed at increasing participation from underserved populations and states that have historically received fewer SBIR awards.
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