Knight Introduces Bipartisan Bill to Hold SBA Accountable, Spur Innovation
WASHINGTON – House Small Business Subcommittee on Contracting and Workforce Chairman Steve Knight (R-CA) today introduced H.R. 2763, the “Small Business Innovation Research and Small Business Technology Transfer Improvements Act of 2017,” to update and improve the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs.
Specifically, H.R. 2763 reinforces the requirement that the SBA give a comprehensive annual report of the SBIR and STTR programs to Congress by December 31 of each year. Additionally, the legislation will hold the Department of Defense (DOD) accountable to stimulate technological innovation by requiring the DOD include more SBIR and STTR developed technology in larger programs of record.
“The SBIR/STTR programs play an important role in utilizing small business technological innovation for federal research and development,” said Subcommittee Chairman Steve Knight. “The SBIR/STTR Innovation Act of 2017 was introduced to improve these programs by making them more efficient now that they have been reauthorized through fiscal year 2022.”
“I commend Subcommittee Chairman Knight and the Subcommittee on Contracting and Workforce for their hard work on this piece of legislation. This bill spurs technological innovation in the small business sector, keeps the SBA and the DOD accountable, and expands the commercialization of federally-funded small business research and development,” said House Small Business Committee Chairman Steve Chabot (R-OH).
Joining Rep. Knight as an original co-sponsor is Rep. Stephanie Murphy (D-FL), Ranking Member of the Contracting and Workforce Subcommittee.
You can read the full text of the bill HERE.###