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SBIR/STTR Reauthorization: Extended Funding, Faster Awards, and Innovation Safeguards for Small Businesses.

This Act extends crucial federal R&D funding programs for small businesses (SBIR/STTR) until 2030, increasing funds available for technical and business assistance, including cybersecurity support. It establishes new fellowships and internships aimed at boosting participation among women and underrepresented groups in innovation. Furthermore, it mandates faster grant processing by federal agencies like the DoD and NIH and implements safeguards against foreign entities controlling sensitive technology development.
Key points
Key federal innovation programs (SBIR/STTR) are extended until 2030, ensuring continued R&D funding stability for small businesses.
Increased financial support for business and technical advice (TABA) for small firms, plus new fellowships and internships targeting diverse participants.
New rules require federal agencies to accelerate funding release (aiming for 90 days) and establish protections against foreign entities controlling small businesses developing critical technologies.
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Additional Information
Print number: 118_HR_10407
Sponsor: Rep. Velázquez, Nydia M. [D-NY-7]
Process start date: 2024-12-12
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OFFICIAL LEGAL TITLE

SBIR/STTR Reauthorization Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10407.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-12-12.

What are the main provisions?

Key points include:

  • Key federal innovation programs (SBIR/STTR) are extended until 2030, ensuring continued R&D funding stability for small businesses.
  • Increased financial support for business and technical advice (TABA) for small firms, plus new fellowships and internships targeting diverse participants.
  • New rules require federal agencies to accelerate funding release (aiming for 90 days) and establish protections against foreign entities controlling small businesses developing critical technologies.
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 Rep. Velázquez, Nydia M. [D-NY-7].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

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Economy Public Investments Informatization