H.R. 2767 · 111th Congress
Investing in Tomorrow's Technology Act
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
GravesSponsorNo cosponsors.
Investing in Tomorrow's Technology Act - Amends the Small Business Act to extend through FY2011 the Small Business Innovation Research (SBIR) Program and the Small Business Technology Transfer (STTR) Program.
What it does: CRS summary · Introduced in House · Jun 9, 2009
Investing in Tomorrow's Technology Act - Amends the Small Business Act to extend through FY2011 the Small Business Innovation Research (SBIR) Program and the Small Business Technology Transfer (STTR) Program.
Provides that, with respect to participation in an SBIR or STTR program: (1) a business that has more than 500 employees shall not qualify as a small business; and (2) in determining whether a small business is independently owned and operated, the Administrator of the Small Business Administration (SBA) shall not consider the business as affiliated with a venture capital operating company if such company does not own 50% or more of the business and the company's employees do not constitute a majority of the business's board of directors.
Provides limited conditions under which a small business shall still be considered eligible for SBIR/STTR participation when a venture capital operating company controlled by a business with more than 500 employees has an ownership interest in a small business owned in majority part by venture capital operating companies.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Investing in Tomorrow's Technology Act
Latest action (Jun 11, 2009): Forwarded by Subcommittee to Full Committee by Voice Vote .
Policy area: Commerce · Origin: House · Introduced: Jun 9, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.