Senate Bill 2045
116th Congress(2019-2020)
SBIR and STTR Permanency and Improvement Act of 2019
Introduced
Introduced in Senate on Jun 27, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2045
Congress
116
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
No Senate votes have been held for this bill.
Summary
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.
June 27, 2019
06/27/2019
Read twice and referred to the Committee on Small Business and Entrepreneurship.
06/27/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:50:50 PM