3.0.0 4158 2023-03-08T20:12:44Z 2023-03-08T20:12:44Z Senate S 2022-05-05 117 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2022-05-05T19:35:21Z 2022-05-05 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. (Sponsor introductory remarks on measure: CR 2360-2361) IntroReferral 2022-05-05 Introduced in Senate IntroReferral 10000 9 Library of Congress P000145 Sen. Padilla, Alex [D-CA] Alex Padilla D CA N Commerce Commerce 00 2022-05-05 Introduced in Senate 2022-12-02T14:44:03Z 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.

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Encouraging Small Business Innovation Act Display Title Encouraging Small Business Innovation Act Short Title(s) as Introduced Encouraging Small Business Innovation Act Introduced in Senate IS Official Title as Introduced A bill to amend the small business laws to create certain requirements with respect to the SBIR and STTR program, and for other purposes. Introduced in Senate IS Introduced in Senate 2022-05-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s4158is/xml/BILLS-117s4158is.xml 2022-05-05 Read twice and referred to the Committee on Small Business and Entrepreneurship. (Sponsor introductory remarks on measure: CR 2360-2361) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.