S. 1573
Introduced in Senate · May 20, 2025May 1, 2025
Mr. Markey introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship
A BILL
To amend the Small Business Act to reauthorize and modify the Small Business Innovation Research and Small Business Technology Transfer Research programs, and for other purposes.
1. Short title; 2. Table of contents; TITLE I—REAUTHORIZATION OF PROGRAMS; 101. Extension of SBIR and STTR authority; 102. Extension of FAST Program; TITLE II—ENHANCING COMPETITION; 201. Increasing agency expenditures for SBIR and STTR programs; 202. SBIR and STTR fellowships; 203. Application assistance to broaden participation; 204. Technical and business assistance improvements; 205. Improvements to website relating to the SBIR program and STTR program; TITLE III—COMMERCIALIZATION IMPROVEMENTS; 301. Phase III award education; 302. Report on certain denials of Phase III; 303. Technology Commercialization Official; 304. Phase III improvements; TITLE IV—PILOT PROGRAMS; 401. Extend and modify assistance for administrative, oversight, and contract processing costs; 402. Extend and expand the direct to Phase II authority; 403. Extend commercialization readiness program for civilian agencies; 404. Extension of certain SBIR and STTR pilot programs; 405. Extension of due diligence program to assess security risks; TITLE V—OVERSIGHT AND SIMPLIFICATION INITIATIVES; 501. Annual reports to Congress; 502. Comptroller general report on diversification and commercialization; 503. Extend the report on award timeliness; 504. Pilot program to accelerate National Institutes of Health valuation process; 505. Codifying safeguards for small business concerns majority-owned by venture capital operating companies, hedge funds, or private equity firms; 506. Commercialization impact assessment; TITLE VI—TECHNICAL CHANGES; 601. Inclusion of SBICs in the SBIR and STTR programs; 602. Phase III and sole-source awards