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DOE and SBA Joint Research: Boosting Small Business Innovation in Energy.

This law requires the Department of Energy (DOE) and the Small Business Administration (SBA) to establish joint research and development (R&D) activities. The goal is to leverage both agencies' resources to advance technology, specifically ensuring that small businesses are included in these collaborative projects. This creates new opportunities for small firms in the energy and technology sectors without authorizing new federal spending.
Key points
Government Collaboration: The Department of Energy and the Small Business Administration must coordinate joint research and development efforts.
Small Business Focus: The law mandates the inclusion of small businesses in these R&D activities, providing them with new opportunities for innovation and growth.
No New Spending: The activities must be carried out using existing agency funds, as the act does not authorize any additional appropriations.
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Additional Information
Print number: 118_S_4427
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2024-05-23