Chairwoman Ellmers Introduces SBIR Reauthorization Bill
House Small Business Subcommittee on Healthcare and Technology Chairwoman Renee Ellmers (R-NC) today introduced legislation to reauthorize the Small Business Innovation and Research program. The bipartisan bill is called the “Creating Jobs Through Small Business Innovation Act of 2011” (H.R. 1425).
Chairwoman Ellmers issued the following comment:
“This bill is a win-win for America -- it will help small businesses across the nation create jobs and produce new technical and scientific solutions to meet the diverse needs of the government. As our economy is in the midst of a comeback, it is important for Congress to pass legislation that helps our nation’s most effective job creators, our small businesses.
“The SBIR program is widely supported and recognized as an important engine of innovation and is a significant factor in the founding of new companies, providing the impetus to start projects that otherwise would not get off the ground.”
Chairman Graves issued the following comment:
“The existence of this program is not only significant to the unique needs of the federal government, but also to our national economy. The program stimulates innovation in the small business community and creates jobs through research and development, all without any additional federal funding.
“Additionally, the reauthorization focuses the program on the best ideas with the greatest chance of success and not a company’s financial structure. Given the difficulty in acquiring capital to support innovative ideas we thought the current program was overly restrictive and needed to be changed.
“This bill has strong bipartisan support, and represents a good faith effort for negotiations with the Senate and I am optimistic that the House and Senate can work together to pass a bill to send to the President.”
The original co-sponsors for this bill are Rep. Sam Graves (R-MO), Chairman of the Small Business Committee; Rep. Cedric Richmond (D-LA), Ranking Member of the Small Business Subcommittee on Healthcare and Technology; Rep. Ralph Hall (R-TX), Chairman of the Committee on Science, Space and Technology; Rep. Eddie Bernice Johnson (D-TX), Ranking Member of the Committee on Science, Space and Technology; Rep. Ben Quayle (R-AZ), Chairman of the Science, Space and Technology Subcommittee on Technology & Innovation; and Rep. Jason Altmire (D-PA), Ranking Member of the Small Business Subcommittee on Investigations, Oversight and Regulations.
The text of H.R. 1425 can be found HERE