S. 4158 · 117th Congress
Encouraging Small Business Innovation Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
PadillaSponsorNo cosponsors.
This bill expands and otherwise revises certain requirements for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs. Specifically, it includes small business investment companies (SBICs) in such programs.
What it does: CRS summary · Introduced in Senate · May 5, 2022
Encouraging Small Business Innovation Act
This bill expands and otherwise revises certain requirements for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs. Specifically, it includes small business investment companies (SBICs) in such programs.
SBICs are included as a type of investor whose investment must be considered for various purposes under the programs.
The bill requires the Small Business Administration (SBA), when calculating the outstanding leverage of an SBIC, to exclude investments made in SBIR and STTR participants. Under current law, SBICs are subject to a limit on their outstanding leverage.
Finally, the bill sets forth provisions to increase participation of states to which a low level of SBIR awards have historically been awarded.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Encouraging Small Business Innovation Act
Latest action (May 5, 2022): Read twice and referred to the Committee on Small Business and Entrepreneurship. (Sponsor introductory remarks on measure: CR 2360-2361)
Policy area: Commerce · Origin: Senate · Introduced: May 5, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.