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Small Business Support: Innovation, Investment, and Growth

This act aims to facilitate small businesses' access to innovation and development support programs like SBIR and STTR. It introduces changes that can help small enterprises secure funding and increase their participation in government projects, potentially leading to new jobs and economic growth.
Key points
Easier access for small businesses to innovation programs (SBIR/STTR), potentially increasing their chances of securing government contracts.
Inclusion of Small Business Investment Companies (SBICs) in support programs, opening new funding avenues for small enterprises.
New rules for calculating leverage for investment firms supporting innovative small businesses, potentially encouraging more investments.
Requirement for annual meetings of federal agencies to streamline support programs and increase participation from underrepresented groups.
Increased outreach and technical assistance for businesses in regions historically receiving fewer innovation program awards.
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Status:
Expired
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Additional Information
Print number: 117_S_4158
Sponsor: Sen. Padilla, Alex [D-CA]
Process start date: 2022-05-05
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Encouraging Small Business Innovation Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4158.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-05-05.

What are the main provisions?

Key points include:

  • Easier access for small businesses to innovation programs (SBIR/STTR), potentially increasing their chances of securing government contracts.
  • Inclusion of Small Business Investment Companies (SBICs) in support programs, opening new funding avenues for small enterprises.
  • New rules for calculating leverage for investment firms supporting innovative small businesses, potentially encouraging more investments.
  • Requirement for annual meetings of federal agencies to streamline support programs and increase participation from underrepresented groups.
  • Increased outreach and technical assistance for businesses in regions historically receiving fewer innovation program awards.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Padilla, Alex [D-CA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Public Investments