SBIR Administrative Funding Act
Small Business Research Grant Management and Outreach
Legislative Progress
Key Points
- This bill extends funding for the management of two major federal programs that help small businesses do research and develop new technologies. It keeps these programs running through September 2030 to ensure small tech companies continue to get federal support.
- It increases the amount of money agencies can set aside for administrative costs from 3% to 3.3%. This extra money is meant to help the government process contracts faster and oversee the programs more effectively.
- Major agencies like the Department of Defense and NASA would be required to send 10% of their administrative funds to the Small Business Administration. This transfer helps the central agency better manage the overall program and support small business owners.
- A key goal of the bill is to help people in states that do not usually get these grants. It provides money for outreach and technical help to make sure more diverse business owners and underserved areas can compete for these research funds.
Impact Analysis
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Milestones
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.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
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News
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Source Information
Document Type
Congressional Bill
Official Title
SBIR Administrative Funding Act
Data Sources
Sponsor
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