This bill extends and substantially reforms the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which provide federal research and development funding to small businesses. The legislation addresses growing national security concerns by implementing comprehensive security risk evaluation procedures for program participants while simultaneously expanding program flexibility and funding mechanisms. The bill introduces new strategic breakthrough allocations to support high-potential technologies, enhances Phase III commercialization pathways, and mandates workforce training on program utilization. These changes reflect a dual policy objective of maintaining American technological competitiveness through small business innovation while protecting sensitive research from foreign exploitation. The legislation extends program authority through September 30, 2031, providing long-term stability for participating agencies and small businesses.

Amendment

119th Congress

S.3971

Small Business Innovation and Economic Security Act

Enacted

S. 3971

AN ACT

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Small Business Innovation and Economic Security Act”.

S3971 U.S. Senate: Small Business Innovation and Economic…