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.

12/16/2024, 7:32 PM

Summary of Bill HR 10407

Bill 118 hr 10407, also known as the Small Business Innovation Research and Small Business Technology Transfer Research Reauthorization Act, aims to make changes to the Small Business Act in order to reauthorize and modify the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. These programs provide funding opportunities for small businesses to engage in research and development projects that have the potential for commercialization.

The bill includes provisions to extend the authorization of the SBIR and STTR programs, as well as make modifications to improve their effectiveness. Some of the key changes proposed in the bill include increasing the funding levels for both programs, expanding eligibility criteria for participating small businesses, and streamlining the application and review process.

Additionally, the bill includes provisions to enhance the coordination between the SBIR and STTR programs and other federal research and development initiatives. This includes promoting collaboration between small businesses and research institutions, as well as encouraging the commercialization of research outcomes. Overall, the Small Business Innovation Research and Small Business Technology Transfer Research Reauthorization Act aims to support and promote innovation and technological advancement within small businesses, ultimately contributing to economic growth and job creation.

Current Status of Bill HR 10407

Bill HR 10407 is currently in the status of Bill Introduced since December 12, 2024. Bill HR 10407 was introduced during Congress 118 and was introduced to the House on December 12, 2024. Bill HR 10407's most recent activity was Referred to the Committee on Small Business, and in addition to the Committees on Science, Space, and Technology, and Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of December 12, 2024

Bipartisan Support of Bill HR 10407

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 10407

Primary Policy Focus

Alternate Title(s) of Bill HR 10407

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.

Comments

Royal Watkins

1,106

1 year ago

I am so pumped about this bill! It's going to help small businesses with their research and technology programs. This is exactly what we need to keep our economy growing and thriving. I can't wait to see the positive impact this will have on our country. Small businesses are the backbone of our economy, and this bill is going to benefit them greatly. Let's keep moving forward and supporting our small businesses! #SmallBusinessesWinning