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Extension of Small Business Innovation Programs and New Security Rules

This law extends the SBIR and STTR programs, which support small business research and development, until 2025. It also introduces new requirements for disclosing foreign ties, particularly with countries of concern, to protect national security. Companies failing to meet requirements or making false statements may lose funding.
Key points
The SBIR and STTR programs, supporting small business innovation, are extended until 2025.
Companies applying for funding must disclose foreign affiliations, including with China, to mitigate security risks.
Stricter rules are introduced for firms receiving multiple awards to ensure programs benefit new and innovative businesses.
Federal agencies will screen companies for security risks and can deny funding or claw back funds for violations.
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VOTING RESULTS
2022-09-29
98%
For 415
Against 9
Abstain 0
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Additional Information
Print number: 117_S_4900
Sponsor: Sen. Cardin, Benjamin L. [D-MD]
Process start date: 2022-09-20
Voting date: 2022-09-29
Meeting no: 2
Voting no: 461