House Passes SBC Legislation to Boost Small Businesses Participation in Federal Research and Development
WASHINGTON – Today, the House passed H.R. 2763, the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Improvements Act, introduced by House Small Business Subcommittee on Contracting and Workforce Chairman Steve Knight (R-CA).
Specifically, H.R. 2763 insists on greater agency accountability, including several hard reporting deadlines for participating agencies and for the Small Business Administration (SBA) to provide future Congresses with better information and a greater grasp of the programs’ strengths and weaknesses. Additionally, the bipartisan legislation ensures that taxpayers reap the benefits of technology developed in the program by requiring the Department of Defense to include the technologies developed in larger programs of record.
“H.R 2763 is one step closer towards a more transparent and safe government,” said Rep. Knight. “This bill would give the opportunity for America’s small businesses to participate in the national security needs for innovation in our country.”
“Small businesses are essential to America’s economic competitiveness and industrial base,” said Rep. Knight. “Supporting programs like SBIR and STTR is important for the safety and economic stability of our nation. These programs sponsor developments that allow us to compete in the international marketplace and provide innovative tools supported and created by local entrepreneurs that contribute to American security.”
“I commend Subcommittee Chairman Knight and the Subcommittee on Contracting and Workforce for their hard work on this vital piece of legislation. Small innovators often lead the way in high-tech research and innovation and today’s legislation improves these programs and provides certainty and clarity to thousands of small businesses,” said House Small Business Committee Chairman Steve Chabot (R-OH).