SBIR and STTR Permanency and Improvement Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jun 27, 2019)
SBIR and STTR Permanency and Improvement Act of 2019
This bill permanently authorizes the Small Business Innovation and Research (SBIR) and Small Business Technology Transfer (STTR) programs and otherwise modifies provisions governing the administration of the programs.
Specifically, the bill increases the allocation of each federal agency's extramural research budget for the SBIR and STTR programs. The bill also requires each agency participating in the programs to reduce the time between application and award disbursement. Lastly, the bill authorizes each agency participating in the SBIR program to award up to 25% of allocated funding to small businesses that are backed by venture capital.
What just happenedJun 27, 2019
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Who’s behind it
- Introduced in SenateJun 27, 2019
- Jun 27, 2019IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Small Business and Entrepreneurship Committee - Jun 27, 2019IntroReferral10000
Introduced in Senate