[House Report 119-265]
[From the U.S. Government Publishing Office]


119th Congress }                                        { Rept. 119-265
                        HOUSE OF REPRESENTATIVES
 1st Session   }                                        {    Part 1

=======================================================================



 
             TO EXTEND THE SBIR AND STTR PROGRAMS, AND FOR
                             OTHER PURPOSES

                            ----------------
                                
 September 10, 2025.--Committed to the Committee of the Whole House on 
            the State of the Union and ordered to be printed

                            ----------------
                                
     Mr. Williams of Texas, from the Committee on Small Business,
                        submitted the following


                              R E P O R T

                             together with

                             MINORITY VIEWS

                        [To accompany H.R. 5100]

    The Committee on Small Business, to whom was referred the 
bill (H.R. 5100) to extend the SBIR and STTR programs, and for 
other purposes, having considered the same, reports favorably 
thereon without amendment and recommends that the bill do pass.

                                CONTENTS

                                                                   Page
   I. Purpose and Bill Summary........................................2
  II. Need for Legislation............................................2
 III. Hearings........................................................2
  IV. Committee Consideration.........................................2
   V. Committee Votes.................................................2
  VI. Section-by-Section of H.R. 5100.................................4
 VII. Congressional Budget Office Cost Estimate.......................4
VIII. New Budget Authority, Entitlement Authority, and Tax Expenditure4
  IX. Oversight Findings & Recommendations............................4
   X. Performance Goals and Objectives................................4
  XI. Statement of Duplication of Federal Programs....................5
 XII. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff 
      Benefits........................................................5
XIII. Federal Mandates Statement......................................5
 XIV. Federal Advisory Committee Statement............................5
  XV. Applicability to Legislative Branch.............................5
 XVI. Statement of Constitutional Authority...........................5
XVII. Changes in Existing Law Made by the Bill, as Reported...........5
XVIII.Committee Correspondence.......................................62

 XIX. Minority Views.................................................64

                      I. Purpose and Bill Summary

    On September 2, 2025, Chairman Roger Williams, introduced 
H.R. 5100, to extend the SBIR and STTR programs, and for other 
purposes. Chairman Williams introduced H.R. 5100 with Ranking 
Member Nydia Velazquez, and House Science, Space, and 
Technology Committee Chairman Brian Babin and Ranking Member 
Zoe Lofgren. H.R. 5100 extends the authorization of the Small 
Business Innovation Research (SBIR) and Small Business 
Technology Transfer (STTR) programs, along with related pilot 
programs and initiatives, to September 30, 2026.

                        II. Need for Legislation

    For over four decades, the SBIR and STTR programs have 
fueled American innovation by providing early-stage funding to 
small businesses developing cutting-edge technologies tailored 
to federal agency needs, including those critical for national 
defense. These programs are set to expire on September 30, 
2025.
    The SBIR and STTR programs provide small businesses with 
access to compete for existing federal research and development 
(R&D) funding by setting aside a small percentage of existing 
federal R&D budgets specifically for small innovators. Agencies 
with large extramural R&D budgets over $100 million must 
participate in SBIR and over $1 billion must participate in 
STTR. Should these programs expire, small businesses could be 
cut out of federal innovation with 11 participating agencies, 
as those dollars would likely be redirected to large firms.
    This legislation is necessary to prevent the authorization 
of the programs from lapsing as Congress continues to work 
towards a long-term reauthorization that would strengthen both 
programs for small businesses across the country. Without a 
one-year extension small businesses risk losing access to the 
funding they rely on to innovate and bring technologies to the 
market.

                             III. Hearings

    On February 26, 2025, the Committee on Small Business held 
a hearing examining matters related to H.R. 5100 entitled 
``Fostering American Innovation: Insights into SBIR and STTR 
Programs.''

                      IV. Committee Consideration

    The Committee on Small Business met in open session, with a 
quorum being present, on September 9, 2025, and ordered H.R. 
5100 to be reported favorably to the House of Representatives 
by a roll call vote of 27 ayes to 0 nos.

                           V. Committee Votes

    Clause 3(b) of rule XIII of the Rules of the House of 
Representatives requires the Committee to list the recorded 
votes on the motion to report legislation and amendments 
thereto. The Committee voted to favorably report H.R. 5100 to 
the House of Representatives at 10:48 AM.

[GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT]

                  VI. Section-by-Section of H.R. 5100


Section 1--Extension of SBIR and STTR authority

    This section extends the authorization of the SBIR and STTR 
programs by one year, from September 30, 2025 to September 30, 
2026.

Section 2--Extension of SBIR and STTR programs and activities

    This section extends the authorization of several SBIR and 
STTR related pilot programs and initiatives to September 30, 
2026. The programs and initiatives include: Phase Flexibility, 
Commercialization Readiness Program for Civilian Agencies Pilot 
Program, Accelerated Awards, Phase 0 Pilot Program, 
Administrative Assistance, Increased Minimum Performance 
Standards, Commercialization Assistance Pilot Programs, Due 
Diligence Program, STTR Participation of Military Research 
Participation, and Budget Calculation Pilot Program.

             VII. Congressional Budget Office Cost Estimate

    Pursuant to 3(c)(3) of rule XIII of the Rules of the House 
of Representatives, the Committee adopts as its own the cost 
estimate prepared by the Director of the Congressional Budget 
Office pursuant to section 402 of the Congressional Budget Act 
of 1974. At the time this report was filed, the Committee has 
requested but not received a cost estimate from the Director of 
the Congressional Budget Office.

VIII. New Budget Authority, Entitlement Authority, and Tax
                        Expenditures

    Pursuant to clause 3(c)(2) of rule XIII of the Rules of the 
House of Representatives and section 308(a)(I) of the 
Congressional Budget Act of 1974, the Committee provides the 
following opinion and estimate with respect to new budget 
authority, entitlement authority, and tax expenditures. While 
the Committee has not received an estimate of new budget 
authority contained in the cost estimate prepared by the 
Director of the Congressional Budget Office pursuant to section 
402 of the Congressional Budget Act of 1974, the Committee does 
not believe that there will be any new or increased costs 
attributable to this legislation.

                IX. Oversight Findings & Recommendations

    In accordance with clause 3(c)(1) of rule XIII and clause 
2(b)(1) of rule X of the Rules of the House of Representatives, 
the oversight findings and recommendations of the Committee on 
Small Business with respect to the subject matter contained in 
H.R. 5100 are incorporated into the descriptive portions of 
this report.

                  X. Performance Goals and Objectives

    With respect to the requirements of clause 3(c)(4) of rule 
XIII of the Rules of the House of Representatives, the goal of 
H.R. 5100 is to extend SBIR and STTR programs and related pilot 
programs and initiatives by one year.

            XI. Statement of Duplication of Federal Programs

    Pursuant to clause 3(c)(5) of rule XIII of the Rules of the 
House of Representatives, no provision of H.R. 5100 is known to 
be duplicative of another Federal program, including any 
program that was included in a report to Congress pursuant to 
section 21 of Public Law 111-139 or the most recent Catalog of 
Federal Domestic Assistance.

 XII. Congressional Earmarks, Limited Tax Benefits, and
                 Limited Tariff Benefits

    With respect to clause 9 of rule XXI of the Rules of the 
House of Representatives, the Committee finds that the bill 
does not contain any congressional earmarks, limited tax 
benefits, or limited tariff benefits as defined in clause 9(e), 
9(f), or 9(g) of rule XXI of the Rules of the House of 
Representatives.

                    XIII. Federal Mandates Statement

    The Committee will adopt as its own the estimate of the 
Federal mandates prepared by the Director of the Congressional 
Budget Office pursuant to section 423 of the Unfunded Mandates 
Reform Act.

               XIV. Federal Advisory Committee Statement

    No advisory committees within the meaning of section 5(b) 
of the Federal Advisory Committee Act were created by this 
legislation.

                XV. Applicability to Legislative Branch

    The Committee finds that the legislation does not relate to 
the terms and conditions of employment or access to public 
services or accommodations within the meaning of section 
102(b)(3) of the Congressional Accountability Act.

               XVI. Statement of Constitutional Authority

    Pursuant to clause 7 of rule XII of the Rules of the House, 
the Committee finds that the authority for this legislation in 
Art. I, Sec. 8, cl. 1 of the Constitution of the United States.

      XVII. Changes in Existing Law Made by the Bill, as Reported

    In compliance with clause 3(e) of rule XIII of the Rules of 
the House of Representatives, changes in existing law made by 
the bill, as reported, are shown as follows (existing law 
proposed to be omitted is enclosed in black brackets, new 
matter is printed in italics, and existing law in which no 
change is proposed is shown in roman):

         Changes in Existing Law Made by the Bill, as Reported

  In compliance with clause 3(e) of rule XIII of the Rules of 
the House of Representatives, changes in existing law made by 
the bill, as reported, are shown as follows (existing law 
proposed to be omitted is enclosed in black brackets, new 
matter is printed in italics, and existing law in which no 
change is proposed is shown in roman):

                           SMALL BUSINESS ACT

           *       *       *       *       *       *       *
  Sec. 9. (a) Research and development are major factors in the 
growth and progress of industry and the national economy. The 
expense of carrying on research and development programs is 
beyond the means of many small-business concerns, and such 
concerns are handicapped in obtaining the benefits of research 
and development programs conducted at Government expense. These 
small-business concerns are thereby placed at a competitive 
disadvantage. This weakens the competitive free enterprise 
system and prevents the orderly development of the national 
economy. It is the policy of the Congress that assistance be 
given to small-business concerns to enable them to undertake 
and to obtain the benefits of research and development in order 
to maintain and strengthen the competitive free enterprise 
system and the national economy.
  (b) It shall be the duty of the Administration, and it is 
hereby empowered--
          (1) to assist small-business concerns to obtain 
        Government contracts for research and development;
          (2) to assist small-business concerns to obtain the 
        benefits of research and development performed under 
        Government contracts or at Government expense;
          (3) to provide technical assistance to small-business 
        concerns to accomplish the purposes of this section;
          (4) to develop and maintain a source file and an 
        information program to assure each qualified and 
        interested small business concern the opportunity to 
        participate in Federal agency small business innovation 
        research programs and small business technology 
        transfer programs;
          (5) to coordinate with participating agencies a 
        schedule for release of SBIR and STTR solicitations, 
        and to prepare a master release schedule so as to 
        maximize small business' opportunities to respond to 
        solicitations;
          (6) to independently survey and monitor the operation 
        of SBIR and STTR programs within participating Federal 
        agencies;
          (7) to report not less than annually to the Committee 
        on Small Business of the Senate, and to the Committee 
        on Science and the Committee on Small Business of the 
        House of Representatives, on the SBIR and STTR programs 
        of the Federal agencies and the Administration's 
        information and monitoring efforts related to the SBIR 
        and STTR programs, including--
                  (A) the data on output and outcomes collected 
                pursuant to subsections (g)(8) and (o)(9);
                  (B) the number of proposals received from, 
                and the number and total amount of awards to, 
                HUBZone small business concerns and firms with 
                venture capital, hedge fund, or private equity 
                firm investment (including those majority-owned 
                by multiple venture capital operating 
                companies, hedge funds, or private equity 
                firms) under each of the SBIR and STTR 
                programs;
                  (C) a description of the extent to which each 
                Federal agency is increasing outreach and 
                awards to firms owned and controlled by women 
                or by socially or economically disadvantaged 
                individuals under each of the SBIR and STTR 
                programs;
                  (D) general information about the 
                implementation of, and compliance with the 
                allocation of funds required under, subsection 
                (dd) for firms owned in majority part by 
                venture capital operating companies, hedge 
                funds, or private equity firms and 
                participating in the SBIR program;
                  (E) a detailed description of appeals of 
                Phase III awards and notices of noncompliance 
                with the SBIR Policy Directive and the STTR 
                Policy Directive filed by the Administrator 
                with Federal agencies;
                  (F) an accounting of funds, initiatives, and 
                outcomes under the Commercialization Readiness 
                Program;
                  (G) a descriptionof the extent to which 
                Federal agencies are providing in a timely 
                manner information needed to maintain the 
                database described in subsection (k);
                  (H) with respect to a Federal agency to which 
                subsection (f)(1) or (n)(1) applies, whether 
                the Federal agency has complied with the 
                applicable subsection for the year covered by 
                the report;
                  (I) the number of applications submitted to 
                each Federal agency participating in the SBIR 
                or STTR program in innovation open topics as 
                compared to conventional topics, and how many 
                small business concerns receive funding from 
                open topics compared to conventional topics;
                  (J) the total number and dollar amount, and 
                average size, of awards made by each Federal 
                agency participating in the SBIR or STTR 
                program, by phase, from--
                          (i) open topics; and
                          (ii) conventional topics;
                  (K) the minimum performance standards 
                established under subsection (qq), including 
                any applicable modifications under paragraph 
                (3) of such subsection, and the number of small 
                business concerns that did not meet those 
                minimum performance standards, provided that 
                the Administrator does not publish any 
                personally identifiable information, the 
                identity of each such small business concern, 
                or any otherwise sensitive information; and
                  (L) the aggregate number and dollar amount of 
                SBIR and STTR awards made pursuant to waivers 
                under subsection (qq)(3)(E), provided that the 
                Administrator does not publish any personally 
                identifiable information, the identity of each 
                such small business concern, or any otherwise 
                sensitive information;
          (8) to provide for and fully implement the tenets of 
        Executive Order No. 13329 (Encouraging Innovation in 
        Manufacturing);
          (9) to coordinate the implementation of electronic 
        databases at each of the Federal agencies participating 
        in the SBIR program or the STTR program, including the 
        technical ability of the participating agencies to 
        electronically share data; and
          (10) to consult, where appropriate, with personnel 
        from the relevant Federal agency to assist small 
        business concerns participating in a SBIR or STTR 
        program with commercializing research developed under 
        such a program before such small business concern is 
        awarded a contract from such Federal agency.
  (c) The Administration is authorized to consult and cooperate 
with all Government agencies and to make studies and 
recommendations to such agencies, and such agencies are 
authorized and directed to cooperate with the Administration in 
order to carry out and to accomplish the purposes of this 
section.
  (d)(1) The Administrator is authorized to consult with 
representatives of small-business concerns with a view to 
assisting and encouraging such firms to undertake joint 
programs for research and development carried out through such 
corporate or other mechanism as may be most appropriate for the 
purpose. Such joint programs may, among other things, include 
the following purposes:
          (A) to construct, acquire, or establish laboratories 
        and other facilities for the conduct of research;
          (B) to undertake and utilize applied research;
          (C) to collect research information related to a 
        particular industry and disseminate it to participating 
        members;
          (D) to conduct applied research on a protected, 
        proprietary, and contractual basis with member or 
        nonmember firms, Government agencies, and others;
          (E) to prosecute applications for patents and render 
        patent services for participating members; and
          (F) to negotiate and grant licenses under patents 
        held under the point program, and to establish 
        corporations designed to exploit particular patents 
        obtained by it.
  (2) The Administrator may, after consultation with the 
Attorney General and the Chairman of the Federal Trade 
Commission, and with the prior written approval of the Attorney 
General, approve any agreement between small-business firms 
providing for a joint program of research and development, if 
the Administrator finds that the joint program proposed will 
maintain and strengthen the free enterprise system and the 
economy of the Nation. The Administrator or the Attorney 
General may at any time withdraw his approval of the agreement 
and the joint program of research and development covered 
thereby, if he finds that the agreement or the joint program 
carried on under it is no longer in the best interests of the 
competitive free enterprise system and the economy of the 
Nation. A copy of the statement of any such finding and 
approval intended to be within the coverage of this subsection, 
and a copy of any modification or withdrawal of approval, shall 
be published in the Federal Register. The authority conferred 
by this subsection on the Administrator shall not be delegated 
by him.
  (3) No act or omission to act pursuant to and within the 
scope of any joint program for research and development, under 
an agreement approved by the Administrator under this 
subsection, shall be construed to be within the prohibitions of 
the antitrust laws or the Federal Trade Commission Act. Upon 
publication in the Federal Register of the notice of withdrawal 
of his approval of the agreement granted under this subsection, 
either by the Administrator or by the Attorney General, the 
provisions of this subsection shall not apply to any subsequent 
act or omission to act by reason of such agreement or approval.
  (e) For the purpose of this section--
          (1) the term ``extramural budget'' means the sum of 
        the total obligations minus amounts obligated for such 
        activities by employees of the agency in or through 
        Government-owned, Government-operated facilities, 
        except that for the Agency for International 
        Development it shall not include amounts obligated 
        solely for general institutional support of 
        international research centers or for grants to foreign 
        countries, and except that for the Department of Energy 
        it shall not include amounts obligated for atomic 
        energy defense programs for weapons and weapons-related 
        activities or for naval reactor programs;
          (2) the term ``Federal agency'' means an executive 
        agency as defined in section 105 of title 5, United 
        States Code, or a military department as defined in 
        section 102 of such title, except that it does not 
        include any agency within the Intelligence Community 
        (as the term is defined in section 3.4(f) of Executive 
        Order 12333 or its successor orders);
          (3) the term ``funding agreement'' means any 
        contract, grant, or cooperative agreement entered into 
        between any Federal agency and any small business for 
        the performance of experimental, developmental, or 
        research work funded in whole or in part by the Federal 
        Government;
          (4) the term ``Small Business Innovation Research 
        Program'' or ``SBIR'' means a program under which a 
        portion of a Federal agency's research or research and 
        development effort is reserved for award to small 
        business concerns through a uniform process having--
                  (A) a first phase for determining, insofar as 
                possible, the scientific and technical merit 
                and feasibility of ideas that appear to have 
                commercial potential, as described in 
                subparagraph (B), submitted pursuant to SBIR 
                program solicitations;
                  (B) a second phase, which shall not include 
                any invitation, pre-screening, or pre-selection 
                process for eligibility for Phase II, that will 
                further develop proposals which meet particular 
                program needs, in which awards shall be made 
                based on the scientific and technical merit and 
                feasibility of the proposals, as evidenced by 
                the first phase, considering, among other 
                things, the proposal's commercial potential, as 
                evidenced by--
                          (i) the small business concern's 
                        record of successfully commercializing 
                        SBIR or other research;
                          (ii) the existence of second phase 
                        funding commitments from private sector 
                        or non-SBIR funding sources;
                          (iii) the existence of third phase, 
                        follow-on commitments for the subject 
                        of the research; and
                          (iv) the presence of other indicators 
                        of the commercial potential of the 
                        idea; and
                  (C) where appropriate, a third phase for work 
                that derives from, extends, or completes 
                efforts made under prior funding agreements 
                under the SBIR program--
                          (i) in which commercial applications 
                        of SBIR-funded research or research and 
                        development are funded by non-Federal 
                        sources of capital or, for products or 
                        services intended for use by the 
                        Federal Government, by follow-on non-
                        SBIR Federal funding awards; or
                          (ii) for which awards from non-SBIR 
                        Federal funding sources are used for 
                        the continuation of research or 
                        research and development that has been 
                        competitively selected using peer 
                        review or merit-based selection 
                        procedures;
          (5) the term ``research'' or ``research and 
        development'' means any activity which is (A) a 
        systematic, intensive study directed toward greater 
        knowledge or understanding of the subject studied; (B) 
        a systematic study directed specifically toward 
        applying new knowledge to meet a recognized need; or 
        (C) a systematic application of knowledge toward the 
        production of useful materials, devices, and systems or 
        methods, including design, development, and improvement 
        of prototypes and new processes to meet specific 
        requirements;
          (6) the term ``Small Business Technology Transfer 
        Program'' or ``STTR'' means a program under which a 
        portion of a Federal agency's extramural research or 
        research and development effort is reserved for award 
        to small business concerns for cooperative research and 
        development through a uniform process having--
                  (A) a first phase, to determine, to the 
                extent possible, the scientific, technical, and 
                commercial merit and feasibility of ideas 
                submitted pursuant to STTR program 
                solicitations;
                  (B) a second phase, which shall not include 
                any invitation, pre-screening, or pre-selection 
                process for eligibility for Phase II, that will 
                further develop proposals that meet particular 
                program needs, in which awards shall be made 
                based on the scientific, technical, and 
                commercial merit and feasibility of the idea, 
                as evidenced by the first phase and by other 
                relevant information; and
                  (C) where appropriate, a third phase for work 
                that derives from, extends, or completes 
                efforts made under prior funding agreements 
                under the STTR program--
                          (i) in which commercial applications 
                        of STTR-funded research or research and 
                        development are funded by non-Federal 
                        sources of capital or, for products or 
                        services intended for use by the 
                        Federal Government, by follow-on non-
                        STTR Federal funding awards; and
                          (ii) for which awards from non-STTR 
                        Federal funding sources are used for 
                        the continuation of research or 
                        research and development that has been 
                        competitively selected using peer 
                        review or scientific review criteria;
          (7) the term ``cooperative research and development'' 
        means research or research and development conducted 
        jointly by a small business concern and a research 
        institution in which not less than 40 percent of the 
        work is performed by the small business concern, and 
        not less than 30 percent of the work is performed by 
        the research institution;
          (8) the term ``research institution'' means a 
        nonprofit institution, as defined in section 4(5) of 
        the Stevenson-Wydler Technology Innovation Act of 1980, 
        and includes federally funded research and development 
        centers, as identified by the National Scientific 
        Foundation in accordance with the governmentwide 
        Federal Acquisition Regulation issued in accordance 
        with section 35(c)(1) of the Office of Federal 
        Procurement Policy Act (or any successor regulation 
        thereto);
          (9) the term ``commercial applications'' shall not be 
        construed to exclude testing and evaluation of 
        products, services, or technologies for use in 
        technical or weapons systems, and further, awards for 
        testing and evaluation of products, services, or 
        technologies for use in technical or weapons systems 
        may be made in either Phase II or Phase III of the 
        Small Business Innovation Research Program and of the 
        Small Business Technology Transfer Program, as defined 
        in this subsection;
          (10) the term ``commercialization'' means--
                  (A) the process of developing products, 
                processes, technologies, or services; and
                  (B) the production and delivery (whether by 
                the originating party or by others) of 
                products, processes, technologies, or services 
                for sale to or use by the Federal Government or 
                commercial markets;
          (11) the term ``Phase I'' means--
                  (A) with respect to the SBIR program, the 
                first phase described in paragraph (4)(A); and
                  (B) with respect to the STTR program, the 
                first phase described in paragraph (6)(A);
          (12) the term ``Phase II'' means--
                  (A) with respect to the SBIR program, the 
                second phase described in paragraph (4)(B); and
                  (B) with respect to the STTR program, the 
                second phase described in paragraph (6)(B);
          (13) the term ``Phase III'' means--
                  (A) with respect to the SBIR program, the 
                third phase described in paragraph (4)(C); and
                  (B) with respect to the STTR program, the 
                third phase described in paragraph (6)(C);
          (14) the term ``senior procurement executive'' means 
        an official designated under section 1702(c) of title 
        41, United States Code, as the senior procurement 
        executive of a Federal agency participating in a SBIR 
        or STTR program;
          (15) the term ``covered individual'' means an 
        individual who--
                  (A) contributes in a substantive, meaningful 
                way to the scientific development or execution 
                of a research and development project proposed 
                to be carried out with a research and 
                development award from a Federal research 
                agency; and
                  (B) is designated as a covered individual by 
                the Federal research agency concerned;
          (16) the term ``foreign affiliation'' means a funded 
        or unfunded academic, professional, or institutional 
        appointment or position with a foreign government or 
        government-owned entity, whether full-time, part-time, 
        or voluntary (including adjunct, visiting, or 
        honorary);
          (17) the term ``foreign country of concern'' means 
        the People's Republic of China, the Democratic People's 
        Republic of Korea, the Russian Federation, the Islamic 
        Republic of Iran, or any other country determined to be 
        a country of concern by the Secretary of State;
          (18) the term ``malign foreign talent recruitment 
        program'' has the meaning given such term in section 
        10638 of the Research and Development, Competition, and 
        Innovation Act (division B of Public Law 117-167); and
          (19) the term ``federally funded award'' means a 
        Phase I, Phase II (including a Phase II award under 
        subsection (cc)), or Phase III SBIR or STTR award made 
        using a funding agreement.
  (f) Federal Agency Expenditures for the SBIR Program.--
          (1) Required expenditure amounts.--Except as provided 
        in paragraph (2)(B), each Federal agency which has an 
        extramural budget for research or research and 
        development in excess of $100,000,000 for fiscal year 
        1992, or any fiscal year thereafter, shall expend with 
        small business concerns--
                  (A) not less than 1.5 percent of such budget 
                in each of fiscal years 1993 and 1994;
                  (B) not less than 2.0 percent of such budget 
                in each of fiscal years 1995 and 1996;
                  (C) not less than 2.5 percent of such budget 
                in each of fiscal years 1997 through 2011;
                  (D) not less than 2.6 percent of such budget 
                in fiscal year 2012;
                  (E) not less than 2.7 percent of such budget 
                in fiscal year 2013;
                  (F) not less than 2.8 percent of such budget 
                in fiscal year 2014;
                  (G) not less than 2.9 percent of such budget 
                in fiscal year 2015;
                  (H) not less than 3.0 percent of such budget 
                in fiscal year 2016; and
                  (I) not less than 3.2 percent of such budget 
                in fiscal year 2017 and each fiscal year 
                thereafter,
        specifically in connection with SBIR programs which 
        meet the requirements of this section, policy 
        directives, and regulations issued under this section.
          (2) Limitations.--A Federal agency shall not--
                  (A) use any of its SBIR budget established 
                pursuant to paragraph (1) for the purpose of 
                funding administrative costs of the program, 
                including costs associated with salaries and 
                expenses; or
                  (B) make available for the purpose of meeting 
                the requirements of paragraph (1) an amount of 
                its extramural budget for basic research which 
                exceeds the percentages specified in paragraph 
                (1).
          (3) Exclusion of certain funding agreements.--Funding 
        agreements with small business concerns for research or 
        research and development which result from competitive 
        or single source selections other than an SBIR program 
        shall not be considered to meet any portion of the 
        percentage requirements of paragraph (1).
          (4) Rule of construction.--Nothing in this subsection 
        may be construed to prohibit a Federal agency from 
        expending with small business concerns an amount of the 
        extramural budget for research or research and 
        development of the agency that exceeds the amount 
        required under paragraph (1).
  (g) Each Federal agency required by subsection (f) to 
establish a small business innovation research program shall, 
in accordance with this Act and regulations issued hereunder--
          (1) unilaterally determine categories of projects to 
        be in its SBIR program;
          (2) issue small business innovation research 
        solicitations in accordance with a schedule determined 
        cooperatively with the Small Business Administration;
          (3) unilaterally determine research topics within the 
        agency's SBIR solicitations, giving special 
        consideration to broad research topics and to topics 
        that further 1 or more critical technologies, as 
        identified by--
                  (A) the National Critical Technologies Panel 
                (or its successor) in the 1991 report required 
                under section 603 of the National Science and 
                Technology Policy, Organization, and Priorities 
                Act of 1976, and in subsequent reports issued 
                under that authority; or
                  (B) the Secretary of Defense, in the 1992 
                report issued in accordance with section 2522 
                of title 10, United States Code, and in 
                subsequent reports issued under that authority;
          (4)(A) unilaterally receive and evaluate proposals 
        resulting from SBIR proposals; and
          (B) make a final decision on each proposal submitted 
        under the SBIR program--
                  (i) not later than 1 year after the date on 
                which the applicable solicitation closes, if 
                with respect to the National Institutes of 
                Health or the National Science Foundation, or 
                90 days after the date on which the applicable 
                solicitation closes, if with respect to any 
                other participating agency; or
                  (ii) if the Administrator authorizes an 
                extension with respect to a solicitation, not 
                later than 90 days after the date that would 
                otherwise be applicable to the agency under 
                clause (i);
          (5) subject to subsection (l), unilaterally select 
        awardees for the SBIR funding agreements and inform 
        each awardee under such an agreement, to the extent 
        possible, of the expenses of the awardee that will be 
        allowable under the funding agreement;
          (6) administer its own SBIR funding agreements (or 
        delegate such administration to another agency);
          (7) make payments to recipients of SBIR funding 
        agreements on the basis of progress toward or 
        completion of the funding agreement requirements and, 
        in all cases, make payment to recipients under such 
        agreements in full, subject to audit, on or before the 
        last day of the 12-month period beginning on the date 
        of completion of such requirements;
          (8) collect annually, and maintain in a common format 
        in accordance with the simplified reporting 
        requirements under subsection (v), such information 
        from awardees as is necessary to assess the SBIR 
        program, including information necessary to maintain 
        the database described in subsection (k), including--
                  (A) whether an awardee--
                          (i) has venture capital, hedge fund, 
                        or private equity firm investment or is 
                        majority-owned by multiple venture 
                        capital operating companies, hedge 
                        funds, or private equity firms and, if 
                        so--
                                  (I) the amount of venture 
                                capital, hedge fund, or private 
                                equity firm investment that the 
                                awardee has received as of the 
                                date of the award; and
                                  (II) the amount of additional 
                                capital that the awardee has 
                                invested in the SBIR 
                                technology;
                          (ii) has an investor that--
                                  (I) is an individual who is 
                                not a citizen of the United 
                                States or a lawful permanent 
                                resident of the United States 
                                and, if so, the name of any 
                                such individual; or
                                  (II) is a person that is not 
                                an individual and is not 
                                organized under the laws of a 
                                State or the United States and, 
                                if so, the name of any such 
                                person;
                          (iii) is owned by a woman or has a 
                        woman as a principal investigator;
                          (iv) is owned by a socially or 
                        economically disadvantaged individual 
                        or has a socially or economically 
                        disadvantaged individual as a principal 
                        investigator;
                          (v) is a faculty member or a student 
                        of an institution of higher education, 
                        as that term is defined in section 101 
                        of the Higher Education Act of 1965 (20 
                        U.S.C. 1001); or
                          (vi) is located in a State described 
                        in subsection (u)(3);
                  (B) a justification statement from the 
                agency, if an awardee receives an award in an 
                amount that is more than the award guidelines 
                under this section; and
                  (C) data with respect to the Federal and 
                State Technology Partnership Program (FAST 
                Program);
          (9) make an annual report on the SBIR program to the 
        Small Business Administration and the Office of Science 
        and Technology Policy;
          (10) include, as part of its annual performance plan 
        as required by subsections (a) and (b) of section 1115 
        of title 31, United States Code, a section on its SBIR 
        program, which section shall describe whether or not 
        the Federal agency complied with the requirements of 
        subsection (f) for the year covered by that plan and 
        include a justification for failure to comply (if 
        applicable),, and shall submit such section to the 
        Committee on Small Business of the Senate, and the 
        Committee on Science and the Committee on Small 
        Business of the House of Representatives;
          (11) provide for and fully implement the tenets of 
        Executive Order No. 13329 (Encouraging Innovation in 
        Manufacturing);
          (12) provide timely notice to the Administrator of 
        any case or controversy before any Federal judicial or 
        administrative tribunal concerning the SBIR program of 
        the Federal agency;
          (13) require each small business concern submitting a 
        proposal or application for a federally funded award to 
        disclose in the proposal or application--
                  (A) the identity of all owners and covered 
                individuals of the small business concern who 
                are a party to any foreign talent recruitment 
                program of any foreign country of concern, 
                including the People's Republic of China;
                  (B) the existence of any joint venture or 
                subsidiary of the small business concern that 
                is based in, funded by, or has a foreign 
                affiliation with any foreign country of 
                concern, including the People's Republic of 
                China;
                  (C) any current or pending contractual or 
                financial obligation or other agreement 
                specific to a business arrangement, or joint 
                venture-like arrangement with an enterprise 
                owned by a foreign state or any foreign entity;
                  (D) whether the small business concern is 
                wholly owned in the People's Republic of China 
                or another foreign country;
                  (E) the percentage, if any, of venture 
                capital or institutional investment by an 
                entity that has a general partner or individual 
                holding a leadership role in such entity who 
                has a foreign affiliation with any foreign 
                country of concern, including the People's 
                Republic of China;
                  (F) any technology licensing or intellectual 
                property sales to a foreign country of concern, 
                including the People's Republic of China, 
                during the 5-year period preceding submission 
                of the proposal; and
                  (G) any foreign business entity, offshore 
                entity, or entity outside the United States 
                related to the small business concern;
          (14) after reviewing the disclosures of a small 
        business concern under paragraph (13), and if 
        determined appropriate by the head of such Federal 
        agency, request such small business concern to provide 
        true copies of any contractual or financial obligation 
        or other agreement specific to a business arrangement, 
        or joint-venture like arrangement with an enterprise 
        owned by a foreign state or any foreign entity in 
        effect during the 5-year period preceding submission of 
        the proposal with respect to which such small business 
        concern made such disclosures;
          (15) not make an award under the SBIR program of the 
        Federal agency to a small business concern if the head 
        of the Federal agency determines that--
                  (A) the small business concern submitting the 
                proposal or application--
                          (i) has an owner or covered 
                        individual that is party to a malign 
                        foreign talent recruitment program;
                          (ii) has a business entity, parent 
                        company, or subsidiary located in the 
                        People's Republic of China or another 
                        foreign country of concern; or
                          (iii) has an owner or covered 
                        individual that has a foreign 
                        affiliation with a research institution 
                        located in the People's Republic of 
                        China or another foreign country of 
                        concern; and
                  (B) the relationships and commitments 
                described in clauses (i) through (iii) of 
                subparagraph (A)--
                          (i) interfere with the capacity for 
                        activities supported by the Federal 
                        agency to be carried out;
                          (ii) create duplication with 
                        activities supported by the Federal 
                        agency;
                          (iii) present concerns about 
                        conflicts of interest;
                          (iv) were not appropriately disclosed 
                        to the Federal agency;
                          (v) violate Federal law or terms and 
                        conditions of the Federal agency; or
                          (vi) pose a risk to national 
                        security;
          (16) require a small business concern receiving an 
        award under its SBIR program to repay all amounts 
        received from the Federal agency under the award if--
                  (A) the small business concern makes a 
                material misstatement that the Federal agency 
                determines poses a risk to national security; 
                or
                  (B) there is a change in ownership, change to 
                entity structure, or other substantial change 
                in circumstances of the small business concern 
                that the Federal agency determines poses a risk 
                to national security; and
          (17) require a small business concern receiving an 
        award under its SBIR program to regularly report to the 
        Federal agency and the Administration throughout the 
        duration of the award on--
                  (A) any change to a disclosure required under 
                subparagraphs (A) through (G) of paragraph 
                (13);
                  (B) any material misstatement made under 
                paragraph (16)(A); and
                  (C) any change described in paragraph 
                (16)(B).
  (h) In addition to the requirements of subsection (f), each 
Federal agency which has a budget for research or research and 
development in excess of $20,000,000 for any fiscal year 
beginning with fiscal year 1983 or subsequent fiscal year shall 
establish goals specifically for funding agreements for 
research or research and development to small business 
concerns, and no goal established under this subsection shall 
be less than the percentage of the agency's research or 
research and development budget expended under funding 
agreements with small business concerns in the immediately 
preceding fiscal year.
  (i) Annual Reporting.--
          (1) In general.--Each Federal agency required by this 
        section to have an SBIR program or to establish goals 
        shall report annually to the Small Business 
        Administration the number of awards (including awards 
        under subsection (y)) pursuant to grants, contracts, or 
        cooperative agreements over $10,000 in amount and the 
        dollar value of all such awards, identifying SBIR 
        awards and comparing the number and amount of such 
        awards with awards to other than small business 
        concerns.
          (2) Calculation of extramural budget.--
                  (A) Methodology.--Not later than 4 months 
                after the date of the enactment of each 
                appropriations Act for a Federal agency 
                required by this section to have an SBIR 
                program, the Federal agency shall submit to the 
                Administrator a report, which shall include a 
                description of the methodology used for 
                calculating the amount of the extramural budget 
                of that Federal agency.
                  (B) Administrator's analysis.--The 
                Administrator shall include an analysis of the 
                methodology received from each Federal agency 
                referred to in subparagraph (A) in the report 
                required by subsection (b)(7).
  (j)(1) Policy directives.--The Small Business Administration, 
after consultation with the Administrator of the Office of 
Federal Procurement Policy, the Director of the Office of 
Science and Technology Policy, and the Intergovernmental 
Affairs Division of the Office of Management and Budget, shall, 
within one hundred and twenty days of the enactment of the 
Small Business Innovation Development Act of 1982, issue policy 
directives for the general conduct of the SBIR programs within 
the Federal Government, including providing for--
          (A) simplified, standardized, and timely SBIR 
        solicitations;
          (B) a simplified, standardized funding process which 
        provides for (i) the timely receipt and review of 
        proposals; (ii) outside peer review for at least Phase 
        II proposals, if appropriate; (iii) protection of 
        proprietary information provided in proposals; (iv) 
        selection of awardees; (v) retention of rights in data 
        generated in the performance of the contract by the 
        small business concern; (vi) transfer of title to 
        property provided by the agency to the small business 
        concern if such a transfer would be more cost effective 
        than recovery of the property by the agency; (vii) cost 
        sharing; and (viii) cost principles and payment 
        schedules;
          (C) exemptions from the regulations under paragraph 
        (2) if national security or intelligence functions 
        clearly would be jeopardized;
          (D) minimizing regulatory burden associated with 
        participation in the SBIR program for the small 
        business concern which will stimulate the cost-
        effective conduct of Federal research and development 
        and the likelihood of commercialization of the results 
        of research and development conducted under the SBIR 
        program;
          (E) simplified, standardized, and timely annual 
        report on the SBIR program to the Small Business 
        Administration and the Office of Science and Technology 
        Policy;
          (F) standardized and orderly withdrawal from program 
        participation by an agency having a SBIR program; at 
        the discretion of the Administration, such directives 
        may require a phased withdrawal over a period of time 
        sufficient in duration to minimize any adverse impact 
        on small business concerns; and
          (G) the voluntary participation in a SBIR program by 
        a Federal agency not required to establish such a 
        program pursuant to subsection (f).
          (2) Modifications.--Not later than 90 days after the 
        date of enactment of the Small Business Research and 
        Development Enhancement Act of 1992, the Administrator 
        shall modify the policy directives issued pursuant to 
        this subsection to provide for--
                  (A) retention by a small business concern of 
                the rights to data generated by the concern in 
                the performance of an SBIR award for a period 
                of not less than 4 years;
                  (B) continued use by a small business concern 
                participating in Phase III of the SBIR program, 
                as a directed bailment, of any property 
                transferred by a Federal agency to the small 
                business concern in Phase II of an SBIR program 
                for a period of not less than 2 years, 
                beginning on the initial date of the concern's 
                participation in Phase III of such program;
                  (C) procedures to ensure, to the extent 
                practicable, that an agency which intends to 
                pursue research, development, or production of 
                a technology developed by a small business 
                concern under an SBIR program enters into 
                follow-on, non-SBIR funding agreements with the 
                small business concern for such research, 
                development, or production;
                  (D) an increase to $150,000 in the amount of 
                funds which an agency may award in Phase I of 
                an SBIR program, and to $1,000,000 in Phase II 
                of an SBIR program, and an adjustment of such 
                amounts every year for inflation;
                  (E) a process for notifying the participating 
                SBIR agencies and potential SBIR participants 
                of the 1991, 1992, and the current critical 
                technologies, as identified--
                          (i) by the National Critical 
                        Technologies Panel (or its successor), 
                        in accordance with section 603 of the 
                        National Science and Technology Policy, 
                        Organization, and Priorities Act of 
                        1976; or
                          (ii) by the Secretary of Defense, in 
                        accordance with section 2522 of title 
                        10, United States Code;
                  (F) enhanced outreach efforts to increase the 
                participation of socially and economically 
                disadvantaged small business concerns, as 
                defined in section 8(a)(4), and the 
                participation of small businesses that are 51 
                percent owned and controlled by women in 
                technological innovation and in SBIR programs, 
                including Phase III of such programs, and the 
                collection of data to document such 
                participation;
                  (G) technical and programmatic guidance to 
                encourage agencies to develop gap-funding 
                programs to address the delay between an award 
                for Phase I of an SBIR program and the 
                application for and extension of an award for 
                Phase II of such program;
                  (H) procedures to ensure that a small 
                business concern that submits a proposal for a 
                funding agreement for Phase I of an SBIR 
                program and that has received more than 15 
                Phase II SBIR awards during the preceding 5 
                fiscal years is able to demonstrate the extent 
                to which it was able to secure Phase III 
                funding to develop concepts resulting from 
                previous Phase II SBIR awards; and
                  (I) procedures to ensure that agencies 
                participating in the SBIR program retain the 
                information submitted under subparagraph (H) at 
                least until the General Accounting Office 
                submits the report required under section 105 
                of the Small Business Research and Development 
                Enhancement Act of 1992.
          (3) Additional modifications.--Not later than 120 
        days after the date of the enactment of the Small 
        Business Innovation Research Program Reauthorization 
        Act of 2000, the Administrator shall modify the policy 
        directives issued pursuant to this subsection--
                  (A) to clarify that the rights provided for 
                under paragraph (2)(A) apply to all Federal 
                funding awards under this section, including 
                Phase I, Phase II, and Phase III;
                  (B) to provide for the requirement of a 
                succinct commercialization plan with each 
                application for a Phase II award that is moving 
                toward commercialization;
                  (C) to require agencies to report to the 
                Administration, not less frequently than 
                annually, all instances in which an agency 
                pursued research, development, or production of 
                a technology developed by a small business 
                concern using an award made under the SBIR 
                program of that agency, and determined that it 
                was not practicable to enter into a follow-on 
                non-SBIR program funding agreement with the 
                small business concern, which report shall 
                include, at a minimum--
                          (i) the reasons why the follow-on 
                        funding agreement with the small 
                        business concern was not practicable;
                          (ii) the identity of the entity with 
                        which the agency contracted to perform 
                        the research, development, or 
                        production; and
                          (iii) a description of the type of 
                        funding agreement under which the 
                        research, development, or production 
                        was obtained; and
                  (D) to implement subsection (v), including 
                establishing standardized procedures for the 
                provision of information pursuant to subsection 
                (k)(3).
          (4) Modifications relating to procurement center 
        representatives.--Upon the enactment of this paragraph, 
        the Administrator shall modify the policy directives 
        issued pursuant to this subsection to require 
        procurement center representatives (as described in 
        section 15(l)) to consult with the appropriate 
        personnel from the relevant Federal agency, to assist 
        small business concerns participating in the SBIR 
        program, particularly in Phase III.
  (k) Database.--
          (1) Public database.--Not later than 180 days after 
        the date of the enactment of the Small Business 
        Innovation Research Program Reauthorization Act of 
        2000, the Administrator shall develop, maintain, and 
        make available to the public a searchable, up-to-date, 
        electronic database that includes--
                  (A) the name, size, location, and an 
                identifying number assigned by the 
                Administrator, of each small business concern 
                that has received a Phase I or Phase II SBIR or 
                STTR award from a Federal agency;
                  (B) a description of each Phase I or Phase II 
                SBIR or STTR award received by that small 
                business concern, including--
                          (i) an abstract of the project funded 
                        by the award, excluding any proprietary 
                        information so identified by the small 
                        business concern;
                          (ii) the Federal agency making the 
                        award; and
                          (iii) the date and amount of the 
                        award;
                  (C) an identification of any business concern 
                or subsidiary established for the commercial 
                application of a product or service for which 
                an SBIR or STTR award is made;
                  (D) information regarding mentors and 
                Mentoring Networks, as required by section 
                35(d);
                  (E) with respect to assistance under the STTR 
                program only--
                          (i) whether the small business 
                        concern or the research institution 
                        initiated their collaboration on each 
                        assisted STTR project;
                          (ii) whether the small business 
                        concern or the research institution 
                        originated any technology relating to 
                        the assisted STTR project;
                          (iii) the length of time it took to 
                        negotiate any licensing agreement 
                        between the small business concern and 
                        the research institution under each 
                        assisted STTR project; and
                          (iv) how the proceeds from 
                        commercialization, marketing, or sale 
                        of technology resulting from each 
                        assisted STTR project were allocated 
                        (by percentage) between the small 
                        business concern and the research 
                        institution; and
                  (F) for each small business concern that has 
                received a Phase I or Phase II SBIR or STTR 
                award from a Federal agency, whether the small 
                business concern--
                          (i) has venture capital, hedge fund, 
                        or private equity firm investment and, 
                        if so, whether the small business 
                        concern is registered as majority-owned 
                        by multiple venture capital operating 
                        companies, hedge funds, or private 
                        equity firms as required under 
                        subsection (dd)(3);
                          (ii) is owned by a woman or has a 
                        woman as a principal investigator;
                          (iii) is owned by a socially or 
                        economically disadvantaged individual 
                        or has a socially or economically 
                        disadvantaged individual as a principal 
                        investigator;
                          (iv) is owned by a faculty member or 
                        a student of an institution of higher 
                        education, as that term is defined in 
                        section 101 of the Higher Education Act 
                        of 1965 (20 U.S.C. 1001); or
                          (v) received assistance under the 
                        Federal and State Technology 
                        Partnership Program (FAST Program).
          (2) Government database.--Not later than 90 days 
        after the date of enactment of the SBIR/STTR 
        Reauthorization Act of 2011, the Administrator, in 
        consultation with Federal agencies required to have an 
        SBIR program pursuant to subsection (f)(1) or an STTR 
        program pursuant to subsection (n)(1), shall develop 
        and maintain a database to be used exclusively for SBIR 
        and STTR program evaluation that--
                  (A) contains for each small business concern 
                that applies for, submits a proposal for, or 
                receives an award under Phase I or Phase II of 
                the SBIR program or the STTR program--
                          (i) the name, size, and location of, 
                        and the identifying number assigned by 
                        the Administration to, the small 
                        business concern;
                          (ii) an abstract of the applicable 
                        project;
                          (iii) the specific aims of the 
                        project;
                          (iv) the number of employees of the 
                        small business concern;
                          (v) the names and titles of the key 
                        individuals that will carry out the 
                        project, the position each key 
                        individual holds in the small business 
                        concern, and contact information for 
                        each key individual;
                          (vi) the percentage of effort each 
                        individual described in clause (v) will 
                        contribute to the project;
                          (vii) whether the small business 
                        concern is majority-owned by multiple 
                        venture capital operating companies, 
                        hedge funds, or private equity firms; 
                        and
                          (viii) the Federal agency to which 
                        the application is made and contact 
                        information for the person or office 
                        within the Federal agency that is 
                        responsible for reviewing applications 
                        and making awards under the SBIR 
                        program or the STTR program;
                  (B) contains for each Phase II award made by 
                a Federal agency--
                          (i) information collected in 
                        accordance with paragraph (3) on 
                        revenue from the sale of new products 
                        or services resulting from the research 
                        conducted under the award;
                          (ii) information collected in 
                        accordance with paragraph (3) on 
                        additional investment from any source, 
                        other than Phase I or Phase II SBIR or 
                        STTR awards, to further the research 
                        and development conducted under the 
                        award; and
                          (iii) any other information received 
                        in connection with the award that the 
                        Administrator, in conjunction with the 
                        SBIR and STTR program managers of 
                        Federal agencies, considers relevant 
                        and appropriate;
                  (C) includes any narrative information that a 
                small business concern receiving a Phase II 
                award voluntarily submits to further describe 
                the outputs and outcomes of its awards;
                  (D) includes, for each awardee--
                          (i) the name, size, and location of, 
                        and any identifying number assigned by 
                        the Administrator to, the awardee;
                          (ii) whether the awardee has venture 
                        capital, hedge fund, or private equity 
                        firm investment and, if so--
                                  (I) the amount of venture 
                                capital, hedge fund, or private 
                                equity firm investment as of 
                                the date of the award;
                                  (II) the percentage of 
                                ownership of the awardee held 
                                by a venture capital operating 
                                company, hedge fund, or private 
                                equity firm, including whether 
                                the awardee is majority-owned 
                                by multiple venture capital 
                                operating companies, hedge 
                                funds, or private equity firms; 
                                and
                                  (III) the amount of 
                                additional capital that the 
                                awardee has invested in the 
                                SBIR or STTR technology, which 
                                information shall be collected 
                                on an annual basis;
                          (iii) the names and locations of any 
                        affiliates of the awardee;
                          (iv) the number of employees of the 
                        awardee;
                          (v) the number of employees of the 
                        affiliates of the awardee; and
                          (vi) the names of, and the percentage 
                        of ownership of the awardee held by--
                                  (I) any individual who is not 
                                a citizen of the United States 
                                or a lawful permanent resident 
                                of the United States; or
                                  (II) any person that is not 
                                an individual and is not 
                                organized under the laws of a 
                                State or the United States;
                  (E) includes any other data collected by or 
                available to any Federal agency that such 
                agency considers may be useful for SBIR or STTR 
                program evaluation;
                  (F) is available for use solely for program 
                evaluation purposes by the Federal Government 
                or, in accordance with policy directives issued 
                by the Administration, by other authorized 
                persons who are subject to a use and 
                nondisclosure agreement with the Federal 
                Government covering the use of the database; 
                and
                  (G) includes a timely and accurate list of 
                any individual or small business concern that 
                has participated in the SBIR program or STTR 
                program that has been--
                          (i) convicted of a fraud-related 
                        crime involving funding received under 
                        the SBIR program or STTR program; or
                          (ii) found civilly liable for a 
                        fraud-related violation involving 
                        funding received under the SBIR program 
                        or STTR program.
          (3) Updating information for database.--
                  (A) In general.--A small business concern 
                applying for a Phase II award under this 
                section shall be required to update information 
                in the database established under this 
                subsection for any prior Phase II award 
                received by that small business concern. In 
                complying with this paragraph, a small business 
                concern may apportion sales or additional 
                investment information relating to more than 
                one Phase II award among those awards, if it 
                notes the apportionment for each award.
                  (B) Annual updates upon termination.--A small 
                business concern receiving a Phase II award 
                under this section shall--
                          (i) update information in the 
                        database concerning that award at the 
                        termination of the award period; and
                          (ii) be requested to voluntarily 
                        update such information annually 
                        thereafter for a period of 5 years.
                  (C) Government database.--Not later than 60 
                days after the date established by a Federal 
                agency for submitting applications or proposals 
                for a Phase I or Phase II award under the SBIR 
                program or STTR program, the head of the 
                Federal agency shall submit to the 
                Administrator the data required under paragraph 
                (2) with respect to each small business concern 
                that applies or submits a proposal for the 
                Phase I or Phase II award.
          (4) Protection of information.--Information provided 
        under paragraph (2) shall be considered privileged and 
        confidential and not subject to disclosure pursuant to 
        section 552 of title 5, United States Code.
          (5) Rule of construction.--Inclusion of information 
        in the database under this subsection shall not be 
        considered to be publication for purposes of subsection 
        (a) or (b) of section 102 of title 35, United States 
        Code.
  (l) Reporting of Awards Made From Single Proposal, to 
Multiple Award Winners, or to Critical Technology Topics.--
          (1) Single proposal.--If a Federal agency required to 
        establish an SBIR program under subsection (f) makes an 
        award with respect to an SBIR solicitation topic or 
        subtopic for which the agency received only 1 proposal, 
        the agency shall provide written justification for 
        making the award in its next quarterly report to the 
        Administration and in the agency's next annual report 
        required under subsection (g)(8).
          (2) Multiple awards.--An agency referred to in 
        paragraph (1) shall include in its next annual report 
        required under subsection (g)(8) an accounting of the 
        awards the agency has made for Phase I of an SBIR 
        program during the reporting period to entities that 
        have received more than 15 awards for the Phase II of 
        an SBIR program during the preceding 5 fiscal years.
          (3) Critical technology awards.--An agency referred 
        to in paragraph (1) shall include in its next annual 
        report required under subsection (g)(8), an accounting 
        of the number of awards it has made to critical 
        technology topics, as defined in subsection (g)(3), 
        including an identification of the specific critical 
        technologies topics, and the percentage by number and 
        dollar amount of the agency's total SBIR awards to such 
        critical technology topics.
  (m) Termination.--The authorization to carry out the Small 
Business Innovation Research Program established under this 
section shall terminate on [September 30, 2025] September 30, 
2026.
  (n) Required Expenditures for STTR by Federal Agencies.--
          (1) Required expenditure amounts.--
                  (A) In general.--With respect to each fiscal 
                year [through fiscal year 2025] though fiscal 
                year 2026, each Federal agency that has an 
                extramural budget for research, or research and 
                development, in excess of $1,000,000,000 for 
                that fiscal year, shall expend with small 
                business concerns not less than the percentage 
                of that extramural budget specified in 
                subparagraph (B), specifically in connection 
                with STTR programs that meet the requirements 
                of this section and any policy directives and 
                regulations issued under this section.
                  (B) Expenditure amounts.--The percentage of 
                the extramural budget required to be expended 
                by an agency in accordance with subparagraph 
                (A) shall be--
                          (i) 0.15 percent for each fiscal year 
                        through fiscal year 2003;
                          (ii) 0.3 percent for each of fiscal 
                        years 2004 through 2011;
                          (iii) 0.35 percent for each of fiscal 
                        years 2012 and 2013;
                          (iv) 0.40 percent for each of fiscal 
                        years 2014 and 2015; and
                          (v) 0.45 percent for fiscal year 2016 
                        and each fiscal year thereafter.
          (2) Limitations.--A Federal agency shall not--
                  (A) use any of its STTR budget established 
                pursuant to paragraph (1) for the purpose of 
                funding administrative costs of the program, 
                including costs associated with salaries and 
                expenses, or, in the case of a small business 
                concern or a research institution, costs 
                associated with salaries, expenses, and 
                administrative overhead (other than those 
                direct or indirect costs allowable under 
                guidelines of the Office of Management and 
                Budget and the governmentwide Federal 
                Acquisition Regulation issued in accordance 
                with section 25(c)(1) of the Office of Federal 
                Procurement Policy Act); or
                  (B) make available for the purpose of meeting 
                the requirements of paragraph (1) an amount of 
                its extramural budget for basic research which 
                exceeds the percentage specified in paragraph 
                (1).
          (3) Exclusion of certain funding agreements.--Funding 
        agreements with small business concerns for research or 
        research and development which result from competitive 
        or single source selections other than an STTR program 
        shall not be considered to meet any portion of the 
        percentage requirements of paragraph (1).
  (o) Federal Agency STTR Authority.--Each Federal agency 
required to establish an STTR program in accordance with 
subsection (n) and regulations issued under this Act, shall--
          (1) unilaterally determine categories of projects to 
        be included in its STTR program;
          (2) issue STTR solicitations in accordance with a 
        schedule determined cooperatively with the 
        Administration;
          (3) unilaterally determine research topics within the 
        agency's STTR solicitations, giving special 
        consideration to broad research topics and to topics 
        that further 1 or more critical technologies, as 
        identified--
                  (A) by the National Critical Technologies 
                Panel (or its successor) in reports required 
                under section 603 of the National Science and 
                Technology Policy, Organization, and Priorities 
                Act of 1976; or
                  (B) by the Secretary of Defense, in 
                accordance with section 2522 of title 10, 
                United States Code;
          (4)(A) unilaterally receive and evaluate proposals 
        resulting from STTR solicitations; and
          (B) make a final decision on each proposal submitted 
        under the STTR program--
                  (i) not later than 1 year after the date on 
                which the applicable solicitation closes, if 
                with respect to the National Institutes of 
                Health or the National Science Foundation, or 
                90 days after the date on which the applicable 
                solicitation closes, if with respect to any 
                other participating agency; or
                  (ii) if the Administrator authorizes an 
                extension for a solicitation, not later than 90 
                days after the date that would be applicable to 
                the agency under clause (i);
          (5) unilaterally select awardees for its STTR funding 
        agreements and inform each awardee under such an 
        agreement, to the extent possible, of the expenses of 
        the awardee that will be allowable under the funding 
        agreement;
          (6) administer its own STTR funding agreements (or 
        delegate such administration to another agency);
          (7) make payments to recipients of STTR funding 
        agreements on the basis of progress toward or 
        completion of the funding agreement requirements and, 
        in all cases, make payment to recipients under such 
        agreements in full, subject to audit, on or before the 
        last day of the 12-month period beginning on the date 
        of the completion of such requirements;
          (8) include, as part of its annual performance plan 
        as required by subsections (a) and (b) of section 1115 
        of title 31, United States Code, a section on its STTR 
        program, which section shall describe whether or not 
        the Federal agency complied with the requirements of 
        subsection (n) for the year covered by that plan and 
        include a justification for failure to comply (if 
        applicable),, and shall submit such section to the 
        Committee on Small Business of the Senate, and the 
        Committee on Science and the Committee on Small 
        Business of the House of Representatives;
          (9) collect annually, and maintain in a common format 
        in accordance with the simplified reporting 
        requirements under subsection (v), such information 
        from applicants and awardees as is necessary to assess 
        the STTR program outputs and outcomes, including 
        information necessary to maintain the database 
        described in subsection (k), including--
                  (A) whether an applicant or awardee--
                          (i) has venture capital, hedge fund, 
                        or private equity firm investment or is 
                        majority-owned by multiple venture 
                        capital operating companies, hedge 
                        funds, or private equity firms and, if 
                        so--
                                  (I) the amount of venture 
                                capital, hedge fund, or private 
                                equity firm investment that the 
                                applicant or awardee has 
                                received as of the date of the 
                                application or award, as 
                                applicable; and
                                  (II) the amount of additional 
                                capital that the applicant or 
                                awardee has invested in the 
                                STTR technology;
                          (ii) has an investor that--
                                  (I) is an individual who is 
                                not a citizen of the United 
                                States or a lawful permanent 
                                resident of the United States 
                                and, if so, the name of any 
                                such individual; or
                                  (II) is a person that is not 
                                an individual and is not 
                                organized under the laws of a 
                                State or the United States and, 
                                if so, the name of any such 
                                person;
                          (iii) is owned by a woman or has a 
                        woman as a principal investigator;
                          (iv) is owned by a socially or 
                        economically disadvantaged individual 
                        or has a socially or economically 
                        disadvantaged individual as a principal 
                        investigator;
                          (v) is a faculty member or a student 
                        of an institution of higher education, 
                        as that term is defined in section 101 
                        of the Higher Education Act of 1965 (20 
                        U.S.C. 1001); or
                          (vi) is located in a State in which 
                        the total value of contracts awarded to 
                        small business concerns under all STTR 
                        programs is less than the total value 
                        of contracts awarded to small business 
                        concerns in a majority of other States, 
                        as determined by the Administrator in 
                        biennial fiscal years, beginning with 
                        fiscal year 2008, based on the most 
                        recent statistics compiled by the 
                        Administrator;
                  (B) if an awardee receives an award in an 
                amount that is more than the award guidelines 
                under this section, a statement from the agency 
                that justifies the award amount; and
                  (C) data with respect to the Federal and 
                State Technology Partnership Program (FAST 
                Program);
          (10) submit an annual report on the STTR program to 
        the Administration and the Office of Science and 
        Technology Policy;
          (11) adopt the agreement developed by the 
        Administrator under subsection (w) as the agency's 
        model agreement for allocating between small business 
        concerns and research institutions intellectual 
        property rights and rights, if any, to carry out 
        follow-on research, development, or commercialization;
          (12) develop, in consultation with the Office of 
        Federal Procurement Policy and the Office of Government 
        Ethics, procedures to ensure that federally funded 
        research and development centers (as defined in 
        subsection (e)(8)) that participate in STTR 
        agreements--
                  (A) are free from organizational conflicts of 
                interests relative to the STTR program;
                  (B) do not use privileged information gained 
                through work performed for an STTR agency or 
                private access to STTR agency personnel in the 
                development of an STTR proposal; and
                  (C) use outside peer review, as appropriate;
          (13) not later than July 31, 1993, develop procedures 
        for assessing the commercial merit and feasibility of 
        STTR proposals, as evidenced by--
                  (A) the small business concern's record of 
                successfully commercializing STTR or other 
                research;
                  (B) the existence of Phase II funding 
                commitments from private sector or non-STTR 
                funding sources;
                  (C) the existence of Phase III follow-on 
                commitments for the subject of the research; 
                and
                  (D) the presence of other indicators of the 
                commercial potential of the idea;
          (14) implement an outreach program to research 
        institutions and small business concerns for the 
        purpose of enhancing its STTR program, in conjunction 
        with any such outreach done for purposes of the SBIR 
        program;
          (15) provide for and fully implement the tenets of 
        Executive Order No. 13329 (Encouraging Innovation in 
        Manufacturing);
          (16) provide timely notice to the Administrator of 
        any case or controversy before any Federal judicial or 
        administrative tribunal concerning the STTR program of 
        the Federal agency;
          (17) require each small business concern submitting a 
        proposal or application for a federally funded award to 
        disclose in the proposal or application--
                  (A) the identity of all owners and covered 
                individuals of the small business concern who 
                are a party to any foreign talent recruitment 
                program of any foreign country of concern, 
                including the People's Republic of China;
                  (B) the existence of any joint venture or 
                subsidiary of the small business concern that 
                is based in, funded by, or has a foreign 
                affiliation with any foreign country of 
                concern, including the People's Republic of 
                China;
                  (C) any current or pending contractual or 
                financial obligation or other agreement 
                specific to a business arrangement, or joint 
                venture-like arrangement with an enterprise 
                owned by a foreign state or any foreign entity;
                  (D) whether the small business concern is 
                wholly owned in the People's Republic of China 
                or another foreign country;
                  (E) the percentage, if any, of venture 
                capital or institutional investment by an 
                entity that has a general partner or individual 
                holding a leadership role in such entity who 
                has a foreign affiliation with any foreign 
                country of concern, including the People's 
                Republic of China;
                  (F) any technology licensing or intellectual 
                property sales to a foreign country of concern, 
                including the People's Republic of China, 
                during the 5-year period preceding submission 
                of the proposal; and
                  (G) any foreign business entity, offshore 
                entity, or entity outside the United States 
                related to the small business concern;
          (18) after reviewing the disclosures of a small 
        business concern under paragraph (17), and if 
        determined appropriate by the head of such Federal 
        agency, request such small business concern to provide 
        true copies of any contractual or financial obligation 
        or other agreement specific to a business arrangement, 
        or joint-venture like arrangement with an enterprise 
        owned by a foreign state or any foreign entity in 
        effect during the 5-year period preceding submission of 
        the proposal with respect to which such small business 
        concern made such disclosures;
          (19) not make an award under the STTR program of the 
        Federal agency to a small business concern if the head 
        of the Federal agency determines that--
                  (A) the small business concern submitting the 
                proposal or application--
                          (i) has an owner or covered 
                        individual that is party to a malign 
                        foreign talent recruitment program;
                          (ii) has a business entity, parent 
                        company, or subsidiary located in the 
                        People's Republic of China or another 
                        foreign country of concern; or
                          (iii) has an owner or covered 
                        individual that has a foreign 
                        affiliation with a research institution 
                        located in the People's Republic of 
                        China or another foreign country of 
                        concern; and
                  (B) the relationships and commitments 
                described in clauses (i) through (iii) of 
                subparagraph (A)--
                          (i) interfere with the capacity for 
                        activities supported by the Federal 
                        agency to be carried out;
                          (ii) create duplication with 
                        activities supported by the Federal 
                        agency;
                          (iii) present concerns about 
                        conflicts of interest;
                          (iv) were not appropriately disclosed 
                        to the Federal agency;
                          (v) violate Federal law or terms and 
                        conditions of the Federal agency; or
                          (vi) pose a risk to national 
                        security;
          (20) require a small business concern receiving an 
        award under its STTR program to repay all amounts 
        received from the Federal agency under the award if--
                  (A) the small business concern makes a 
                material misstatement that the Federal agency 
                determines poses a risk to national security; 
                or
                  (B) there is a change in ownership, change to 
                entity structure, or other substantial change 
                in circumstances of the small business concern 
                that the Federal agency determines poses a risk 
                to national security; and
          (21) require a small business concern receiving an 
        award under its STTR program to regularly report to the 
        Federal agency and the Administration throughout the 
        duration of the award on--
                  (A) any change to a disclosure required under 
                subparagraphs (A) through (G) of paragraph 
                (17);
                  (B) any material misstatement made under 
                paragraph (20)(A); and
                  (C) any change described in paragraph 
                (20)(B).
  (p) STTR Policy Directive.--
          (1) Issuance.--The Administrator shall issue a policy 
        directive for the general conduct of the STTR programs 
        within the Federal Government. Such policy directive 
        shall be issued after consultation with--
                  (A) the heads of each of the Federal agencies 
                required by subsection (n) to establish an STTR 
                program;
                  (B) the Under Secretary of Commerce for 
                Intellectual Property and Director of the 
                United States Patent and Trademark Office; and
                  (C) the Director of the Office of Federal 
                Procurement Policy.
          (2) Contents.--The policy directive required by 
        paragraph (1) shall provide for--
                  (A) simplified, standardized, and timely STTR 
                solicitations;
                  (B) a simplified, standardized funding 
                process that provides for--
                          (i) the timely receipt and review of 
                        proposals;
                          (ii) outside peer review, if 
                        appropriate;
                          (iii) protection of proprietary 
                        information provided in proposals;
                          (iv) selection of awardees;
                          (v) retention by a small business 
                        concern of the rights to data generated 
                        by the concern in the performance of an 
                        STTR award for a period of not less 
                        than 4 years;
                          (vi) continued use by a small 
                        business concern, as a directed 
                        bailment, of any property transferred 
                        by a Federal agency to the small 
                        business concern in Phase II of the 
                        STTR program for a period of not less 
                        than 2 years, beginning on the initial 
                        date of the concern's participation in 
                        Phase III of such program;
                          (vii) cost sharing;
                          (viii) cost principles and payment 
                        schedules; and
                          (ix) 1-year awards for Phase I of an 
                        STTR program, generally not to exceed 
                        $150,000, and 2-year awards for Phase 
                        II of an STTR program, generally not to 
                        exceed $1,000,000, (each of which the 
                        Administrator shall adjust for 
                        inflation annually) greater or lesser 
                        amounts to be awarded at the discretion 
                        of the awarding agency, and shorter or 
                        longer periods of time to be approved 
                        at the discretion of the awarding 
                        agency where appropriate for a 
                        particular project;
                  (C) minimizing regulatory burdens associated 
                with participation in STTR programs;
                  (D) guidelines for a model agreement, to be 
                used by all agencies, for allocating between 
                small business concerns and research 
                institutions intellectual property rights and 
                rights, if any, to carry out follow-on 
                research, development, or commercialization;
                  (E) procedures to ensure that--
                          (i) a recipient of an STTR award is a 
                        small business concern, as defined in 
                        section 3 and the regulations 
                        promulgated thereunder; and
                          (ii) such small business concern 
                        exercises management and control of the 
                        performance of the STTR funding 
                        agreement pursuant to a business plan 
                        providing for the commercialization of 
                        the technology that is the subject 
                        matter of the award;
                  (F) procedures to ensure, to the extent 
                practicable, that an agency which intends to 
                pursue research, development, or production of 
                a technology developed by a small business 
                concern under an STTR program enters into 
                follow-on, non-STTR funding agreements with the 
                small business concern for such research, 
                development, or production; and
                  (G) procedures to ensure that procurement 
                center representatives (as described in section 
                15(l))--
                          (i) consult with the appropriate 
                        personnel from the relevant Federal 
                        agency, to assist small business 
                        concerns participating in the STTR 
                        program, particularly in Phase III;
                          (ii) provide technical assistance to 
                        such concerns to submit a bid for an 
                        award of a Federal contract; and
                          (iii) consult with the appropriate 
                        personnel from the relevant Federal 
                        agency in providing the assistance 
                        described in clause (i).
          (3) Modifications.--Not later than 120 days after the 
        date of enactment of this paragraph, the Administrator 
        shall modify the policy directive issued pursuant to 
        this subsection to clarify that the rights provided for 
        under paragraph (2)(B)(v) apply to all Federal funding 
        awards under this section, including Phase I, Phase II, 
        and Phase III.
  (q) Discretionary Technical and Business Assistance.--
          (1) In general.--Each Federal agency required by this 
        section to conduct an SBIR program or STTR program may 
        enter into an agreement with 1 or more vendors selected 
        under paragraph (2)(A) to provide small business 
        concerns engaged in SBIR or STTR projects with 
        technical and business assistance services, such as 
        access to a network of scientists and engineers engaged 
        in a wide range of technologies, assistance with 
        product sales, intellectual property protections, 
        market research, market validation, and development of 
        regulatory plans and manufacturing plans, or access to 
        technical and business literature available through on-
        line data bases, for the purpose of assisting such 
        concerns in--
                  (A) making better technical decisions 
                concerning such projects;
                  (B) solving technical problems which arise 
                during the conduct of such projects;
                  (C) minimizing technical risks associated 
                with such projects; and
                  (D) developing and commercializing new 
                commercial products and processes resulting 
                from such projects, including intellectual 
                property protections.
          (2) Vendor selection.--
                  (A) In general.--Each agency may select 1 or 
                more vendors from which small business concerns 
                may obtain assistance in meeting the goals 
                listed in paragraph (1) for a term not to 
                exceed 5 years. Such selection shall be 
                competitive and shall utilize merit-based 
                criteria.
                  (B) Selection by small business concern.--A 
                small business concern may, by contract or 
                otherwise, select 1 or more vendors to assist 
                the small business concern in meeting the goals 
                listed in paragraph (1).
          (3) Additional technical assistance.--
                  (A) Phase i.--A Federal agency described in 
                paragraph (1) may--
                          (i) provide to the recipient of a 
                        Phase I SBIR or STTR award, through a 
                        vendor selected under paragraph (2)(A), 
                        the services described in paragraph 
                        (1), in an amount equal to not more 
                        than $6,500 per year; or
                          (ii) authorize the recipient of a 
                        Phase I SBIR or STTR award to purchase 
                        the services described in paragraph 
                        (1), in an amount equal to not more 
                        than $6,500 per year, which shall be in 
                        addition to the amount of the 
                        recipient's award.
                  (B) Phase ii.--A Federal agency described in 
                paragraph (1) may--
                          (i) provide to the recipient of a 
                        Phase II SBIR or STTR award, through a 
                        vendor selected under paragraph (2)(A), 
                        the services described in paragraph 
                        (1), in an amount equal to not more 
                        than $50,000 per project; or
                          (ii) authorize the recipient of a 
                        Phase II SBIR or STTR award to purchase 
                        the services described in paragraph 
                        (1), in an amount equal to not more 
                        than $50,000 per project, which may, as 
                        determined appropriate by the head of 
                        the Federal agency, be included as part 
                        of the recipient's award or be in 
                        addition to the amount of the 
                        recipient's award.
                  (C) Flexibility.--In carrying out 
                subparagraphs (A) and (B), each Federal agency 
                shall provide the allowable amounts to a 
                recipient that meets the eligibility 
                requirements under the applicable subparagraph, 
                if the recipient requests to seek technical or 
                business assistance from an individual or 
                entity other than a vendor selected under 
                paragraph (2)(A) by the Federal agency. 
                Business-related services aimed at improving 
                the commercialization success of a small 
                business concern may be obtained from an 
                entity, such as a public or private 
                organization or an agency of or other entity 
                established or funded by a State that 
                facilitates or accelerates the 
                commercialization of technologies or assists in 
                the creation and growth of private enterprises 
                that are commercializing technology.
                  (D) Limitation.--A Federal agency may not--
                          (i) use the amounts authorized under 
                        subparagraph (A) or (B) unless 1 or 
                        more vendors selected under paragraph 
                        (2)(A) provides the technical or 
                        business assistance to the recipient; 
                        or
                          (ii) enter a contract with a vendor 
                        under paragraph (2)(A) under which the 
                        amount provided for technical or 
                        business assistance is based on total 
                        number of Phase I or Phase II awards.
                  (E) Multiple award recipients.--The 
                Administrator shall establish a limit on the 
                amount of technical and business assistance 
                services that may be received or purchased 
                under subparagraph (B) by a small business 
                concern that has received multiple Phase II 
                SBIR or STTR awards for a fiscal year.
          (4) Annual reporting.--
                  (A) In general.--A small business concern 
                that receives technical or business assistance 
                from a vendor under this subsection during a 
                fiscal year shall submit to the Federal agency 
                contracting with the vendor a description of 
                the technical or business assistance provided 
                and the benefits and results of the technical 
                or business assistance provided.
                  (B) Use of existing reporting mechanism.--The 
                information required under subparagraph (A) 
                shall be collected by a Federal agency as part 
                of a report required to be submitted by small 
                business concerns engaged in SBIR or STTR 
                projects of the Federal agency for which the 
                requirement was in effect on the date of 
                enactment of this paragraph.
  (r) Phase III Agreements, Competitive Procedures, and 
Justification for Awards.--
          (1) In general.--In the case of a small business 
        concern that is awarded a funding agreement for Phase 
        II of an SBIR or STTR program, a Federal agency may 
        enter into a Phase III agreement with that business 
        concern for additional work to be performed during or 
        after the Phase II period. The Phase II funding 
        agreement with the small business concern may, at the 
        discretion of the agency awarding the agreement, set 
        out the procedures applicable to Phase III agreements 
        with that agency or any other agency.
          (2) Definition.--In this subsection, the term ``Phase 
        III agreement'' means a follow-on, non-SBIR or non-STTR 
        funded contract as described in paragraph (4)(C) or 
        paragraph (6)(C) of subsection (e).
          (3) Intellectual property rights.--Each funding 
        agreement under an SBIR or STTR program shall include 
        provisions setting forth the respective rights of the 
        United States and the small business concern with 
        respect to intellectual property rights and with 
        respect to any right to carry out follow-on research.
          (4) Competitive procedures and justification for 
        awards.--To the greatest extent practicable, Federal 
        agencies and Federal prime contractors shall--
                  (A) consider an award under the SBIR program 
                or the STTR program to satisfy the requirements 
                under sections 3201 through 3205 of title 10, 
                United States Code, and any other applicable 
                competition requirements; and
                  (B) issue, without further justification, 
                Phase III awards relating to technology, 
                including sole source awards, to the SBIR and 
                STTR award recipients that developed the 
                technology.
  (s) Competitive Selection Procedures for SBIR and STTR 
Programs.--All funds awarded, appropriated, or otherwise made 
available in accordance with subsection (f) or (n) must be 
awarded pursuant to competitive and merit-based selection 
procedures.
  (t) Inclusion in Strategic Plans.--Program information 
relating to the SBIR and STTR programs shall be included by 
each Federal agency in any update or revision required of the 
Federal agency under section 306(b) of title 5, United States 
Code.
  (u) Coordination of Technology Development Programs.--
          (1) Definition of technology development program.--In 
        this subsection, the term ``technology development 
        program'' means--
                  (A) the Experimental Program to Stimulate 
                Competitive Research of the National Science 
                Foundation, as established under section 113 of 
                the National Science Foundation Authorization 
                Act of 1988 (42 U.S.C. 1862g);
                  (B) the Defense Experimental Program to 
                Stimulate Competitive Research of the 
                Department of Defense;
                  (C) the Experimental Program to Stimulate 
                Competitive Research of the Department of 
                Energy;
                  (D) the Experimental Program to Stimulate 
                Competitive Research of the Environmental 
                Protection Agency;
                  (E) the Experimental Program to Stimulate 
                Competitive Research of the National 
                Aeronautics and Space Administration;
                  (F) the Institutional Development Award 
                Program of the National Institutes of Health; 
                and
                  (G) the National Research Initiative 
                Competitive Grants Program of the Department of 
                Agriculture.
          (2) Coordination requirements.--Each Federal agency 
        that is subject to subsection (f) and that has 
        established a technology development program may, in 
        each fiscal year, review for funding under that 
        technology development program--
                  (A) any proposal to provide outreach and 
                assistance to one or more small business 
                concerns interested in participating in the 
                SBIR program, including any proposal to make a 
                grant or loan to a company to pay a portion or 
                all of the cost of developing an SBIR proposal, 
                from an entity, organization, or individual 
                located in--
                          (i) a State that is eligible to 
                        participate in that program; or
                          (ii) a State described in paragraph 
                        (3); or
                  (B) any proposal for Phase I of the SBIR 
                program, if the proposal, though meritorious, 
                is not funded through the SBIR program for that 
                fiscal year due to funding restraints, from a 
                small business concern located in--
                          (i) a State that is eligible to 
                        participate in a technology development 
                        program; or
                          (ii) a State described in paragraph 
                        (3).
          (3) Additionally eligible state.--A State referred to 
        in subparagraph (A)(ii) or (B)(ii) of paragraph (2) is 
        a State in which the total value of contracts awarded 
        to small business concerns under all SBIR programs is 
        less than the total value of contracts awarded to small 
        business concerns in a majority of other States, as 
        determined by the Administrator in biennial fiscal 
        years, beginning with fiscal year 2000, based on the 
        most recent statistics compiled by the Administrator.
  (v) Reducing Paperwork and Compliance Burden.--
          (1) Standardization of reporting requirements.--The 
        Administrator shall work with the Federal agencies 
        required by this section to have an SBIR or STTR 
        program to standardize reporting requirements for the 
        collection of data from SBIR or STTR applicants and 
        awardees, including data for inclusion in the database 
        under subsection (k), taking into consideration the 
        unique needs of each agency, and to the extent 
        possible, permitting the updating of previously 
        reported information by electronic means. Such 
        requirements shall be designed to minimize the burden 
        on small businesses.
          (2) Simplification of application and award 
        process.--Not later than 1 year after the date of 
        enactment of this paragraph, and after a period of 
        public comment, the Administrator shall issue 
        regulations or guidelines, taking into consideration 
        the unique needs of each Federal agency, to ensure that 
        each Federal agency required to carry out an SBIR 
        program or STTR program simplifies and standardizes the 
        program proposal, selection, contracting, compliance, 
        and audit procedures for the SBIR program or STTR 
        program of the Federal agency (including procedures 
        relating to overhead rates for applicants and 
        documentation requirements) to reduce the paperwork and 
        regulatory compliance burden on small business concerns 
        applying to and participating in the SBIR program or 
        STTR program.
  (w) STTR Model Agreement for Intellectual Property Rights.--
          (1) In general.--The Administrator shall promulgate 
        regulations establishing a single model agreement for 
        use in the STTR program that allocates between small 
        business concerns and research institutions 
        intellectual property rights and rights, if any, to 
        carry out follow-on research, development, or 
        commercialization.
          (2) Opportunity for comment.--In promulgating 
        regulations under paragraph (1), the Administrator 
        shall provide to affected agencies, small business 
        concerns, research institutions, and other interested 
        parties the opportunity to submit written comments.
  (x) Research and Development Focus.--
          (1) Revision and update of criteria and procedures of 
        identification.--In carrying out subsection (g), the 
        Secretary of Defense shall, not less often than once 
        every 4 years, revise and update the criteria and 
        procedures utilized to identify areas of the research 
        and development efforts of the Department of Defense 
        which are suitable for the provision of funds under the 
        Small Business Innovation Research Program and the 
        Small Business Technology Transfer Program.
          (2) Utilization of plans.--The criteria and 
        procedures described in paragraph (1) shall be 
        developed through the use of the most current versions 
        of the following plans:
                  (A) The Joint Warfighting Science and 
                Technology Plan required under section 270 of 
                the National Defense Authorization Act for 
                Fiscal Year 1997 (Public Law 104-201; 10 U.S.C. 
                2501 note).
                  (B) The Defense Technology Area Plan of the 
                Department of Defense.
                  (C) The Basic Research Plan of the Department 
                of Defense.
          (3) Input in identification of areas of effort.--The 
        criteria and procedures described in paragraph (1) 
        shall include input in the identification of areas of 
        research and development efforts described in that 
        paragraph from Department of Defense program managers 
        (PMs) and program executive officers (PEOs).
  (y) Commercialization Readiness Program.--
          (1) In general.--The Secretary of Defense and the 
        Secretary of each military department is authorized to 
        create and administer a ``Commercialization Readiness 
        Program'' to accelerate the transition of technologies, 
        products, and services developed under the Small 
        Business Innovation Research Program or Small Business 
        Technology Transfer Program to Phase III, including the 
        acquisition process. The authority to create and 
        administer a Commercialization Readiness Program under 
        this subsection may not be construed to eliminate or 
        replace any other SBIR program or STTR program that 
        enhances the insertion or transition of SBIR or STTR 
        technologies, including any such program in effect on 
        the date of enactment of the National Defense 
        Authorization Act for Fiscal Year 2006 (Public Law 109-
        163; 119 Stat. 3136).
          (2) Identification of research programs for 
        accelerated transition to acquisition process.--In 
        carrying out the Commercialization Readiness Program, 
        the Secretary of Defense and the Secretary of each 
        military department shall identify research programs of 
        the Small Business Innovation Research Program or Small 
        Business Technology Transfer Program that have the 
        potential for rapid transitioning to Phase III and into 
        the acquisition process.
          (3) Limitation.--No research program may be 
        identified under paragraph (2) unless the Secretary of 
        the military department concerned certifies in writing 
        that the successful transition of the program to Phase 
        III and into the acquisition process is expected to 
        meet high priority military requirements of such 
        military department.
          (4) Funding.--
                  (A) In general.--The Secretary of Defense and 
                each Secretary of a military department may use 
                not more than an amount equal to 1 percent of 
                the funds available to the Department of 
                Defense or the military department pursuant to 
                the Small Business Innovation Research Program 
                for payment of expenses incurred to administer 
                the Commercialization Readiness Program under 
                this subsection.
                  (B) Limitations.--The funds described in 
                subparagraph (A)--
                          (i) shall not be subject to the 
                        limitations on the use of funds in 
                        subsection (f)(2); and
                          (ii) shall not be used to make Phase 
                        III awards.
          (5) Insertion incentives.--For any contract with a 
        value of not less than $100,000,000, the Secretary of 
        Defense is authorized to--
                  (A) establish goals for the transition of 
                Phase III technologies in subcontracting plans; 
                and
                  (B) require a prime contractor on such a 
                contract to report the number and dollar amount 
                of contracts entered into by that prime 
                contractor for Phase III SBIR or STTR projects.
          (6) Goal for sbir and sttr technology insertion.--The 
        Secretary of Defense shall--
                  (A) set a goal to increase the number of 
                Phase II SBIR contracts and the number of Phase 
                II STTR contracts awarded by the Secretary that 
                lead to technology transition into programs of 
                record or fielded systems;
                  (B) use incentives in effect on the date of 
                enactment of the SBIR/STTR Reauthorization Act 
                of 2011, or create new incentives, to encourage 
                agency program managers and prime contractors 
                to meet the goal under subparagraph (A); and
                  (C) submit to the Administrator for inclusion 
                in the annual report under subsection (b)(7)--
                          (i) the number and percentage of 
                        Phase II SBIR and STTR contracts 
                        awarded by the Secretary that led to 
                        technology transition into programs of 
                        record or fielded systems;
                          (ii) information on the status of 
                        each project that received funding 
                        through the Commercialization Readiness 
                        Program and efforts to transition those 
                        projects into programs of record or 
                        fielded systems; and
                          (iii) a description of each incentive 
                        that has been used by the Secretary 
                        under subparagraph (B) and the 
                        effectiveness of that incentive with 
                        respect to meeting the goal under 
                        subparagraph (A).
  (z) Encouraging Innovation in Energy Efficiency.--
          (1) Federal agency energy-related priority.--In 
        carrying out its duties under this section relating to 
        SBIR and STTR solicitations by Federal departments and 
        agencies, the Administrator shall--
                  (A) ensure that such departments and agencies 
                give high priority to small business concerns 
                that participate in or conduct energy 
                efficiency or renewable energy system research 
                and development projects; and
                  (B) include in the annual report to Congress 
                under subsection (b)(7) a determination of 
                whether the priority described in subparagraph 
                (A) is being carried out.
          (2) Consultation required.--The Administrator shall 
        consult with the heads of other Federal departments and 
        agencies in determining whether priority has been given 
        to small business concerns that participate in or 
        conduct energy efficiency or renewable energy system 
        research and development projects, as required by this 
        subsection.
          (3) Guidelines.--The Administrator shall, as soon as 
        is practicable after the date of enactment of this 
        subsection, issue guidelines and directives to assist 
        Federal agencies in meeting the requirements of this 
        subsection.
          (4) Definitions.--In this subsection--
                  (A) the term ``biomass''--
                          (i) means any organic material that 
                        is available on a renewable or 
                        recurring basis, including--
                                  (I) agricultural crops;
                                  (II) trees grown for energy 
                                production;
                                  (III) wood waste and wood 
                                residues;
                                  (IV) plants (including 
                                aquatic plants and grasses);
                                  (V) residues;
                                  (VI) fibers;
                                  (VII) animal wastes and other 
                                waste materials; and
                                  (VIII) fats, oils, and 
                                greases (including recycled 
                                fats, oils, and greases); and
                          (ii) does not include--
                                  (I) paper that is commonly 
                                recycled; or
                                  (II) unsegregated solid 
                                waste;
                  (B) the term ``energy efficiency project'' 
                means the installation or upgrading of 
                equipment that results in a significant 
                reduction in energy usage; and
                  (C) the term ``renewable energy system'' 
                means a system of energy derived from--
                          (i) a wind, solar, biomass (including 
                        biodiesel), or geothermal source; or
                          (ii) hydrogen derived from biomass or 
                        water using an energy source described 
                        in clause (i).
  (aa) Limitation on Size of Awards.--
          (1) Limitation.--No Federal agency may issue an award 
        under the SBIR program or the STTR program if the size 
        of the award exceeds the award guidelines established 
        under this section by more than 50 percent.
          (2) Maintenance of information.--Participating 
        agencies shall maintain information on awards exceeding 
        the guidelines established under this section, 
        including--
                  (A) the amount of each award;
                  (B) a justification for exceeding the 
                guidelines for each award;
                  (C) the identity and location of each award 
                recipient; and
                  (D) whether an award recipient has received 
                any venture capital, hedge fund, or private 
                equity firm investment and, if so, whether the 
                recipient is majority-owned by multiple venture 
                capital operating companies, hedge funds, or 
                private equity firms.
          (3) Reports.--The Administrator shall include the 
        information described in paragraph (2) in the annual 
        report of the Administrator to Congress.
          (4) Waiver for specific topic.--Upon the receipt of 
        an application from a Federal agency, the Administrator 
        may grant a waiver from the requirement under paragraph 
        (1) with respect to a specific topic (but not for the 
        agency as a whole) for a fiscal year if the 
        Administrator determines, based on the information 
        contained in the application from the agency, that--
                  (A) the requirement under paragraph (1) will 
                interfere with the ability of the agency to 
                fulfill its research mission through the SBIR 
                program or the STTR program; and
                  (B) the agency will minimize, to the maximum 
                extent possible, the number of awards that do 
                not satisfy the requirement under paragraph (1) 
                to preserve the nature and intent of the SBIR 
                program and the STTR program.
          (5) Rule of construction.--Nothing in this subsection 
        shall be construed to prevent a Federal agency from 
        supplementing an award under the SBIR program or the 
        STTR program using funds of the Federal agency that are 
        not part of the SBIR program or the STTR program of the 
        Federal agency.
  (bb) Subsequent Phase II Awards.--
          (1) Agency flexibility.--A small business concern 
        that received a Phase I award from a Federal agency 
        under this section shall be eligible to receive a 
        subsequent Phase II award from another Federal agency, 
        if the head of each relevant Federal agency or the 
        relevant component of the Federal agency makes a 
        written determination that the topics of the relevant 
        awards are the same and both agencies report the awards 
        to the Administrator for inclusion in the public 
        database under subsection (k).
          (2) SBIR and sttr program flexibility.--A small 
        business concern that received a Phase I award under 
        this section under the SBIR program or the STTR program 
        may receive a subsequent Phase II award in either the 
        SBIR program or the STTR program and the participating 
        agency or agencies shall report the awards to the 
        Administrator for inclusion in the public database 
        under subsection (k).
          (3) Preventing duplicative awards.--The head of a 
        Federal agency shall verify that any activity to be 
        performed with respect to a project with a Phase I or 
        Phase II SBIR or STTR award has not been funded under 
        the SBIR program or STTR program of another Federal 
        agency.
  (cc) Phase Flexibility.--During fiscal years 2012 [through 
2025] through 2026, the National Institutes of Health, the 
Department of Defense, and the Department of Education may each 
provide to a small business concern an award under Phase II of 
the SBIR program with respect to a project, without regard to 
whether the small business concern was provided an award under 
Phase I of an SBIR program with respect to such project, if the 
head of the applicable agency determines that the small 
business concern has completed the determinations described in 
subsection (e)(4)(A) with respect to such project despite not 
having been provided a Phase I award.
  (dd) Participation of Small Business Concerns Majority-Owned 
by Venture Capital Operating Companies, Hedge Funds, or Private 
Equity Firms in the SBIR Program.--
          (1) Authority.--Upon providing a written 
        determination described in paragraph (2) to the 
        Administrator, the Committee on Small Business and 
        Entrepreneurship of the Senate, and the Committee on 
        Small Business and the Committee on Science, Space, and 
        Technology of the House of Representatives, not later 
        than 30 days before the date on which any such award is 
        made--
                  (A) the Director of the National Institutes 
                of Health, the Secretary of Energy, and the 
                Director of the National Science Foundation may 
                award not more than 25 percent of the funds 
                allocated for the SBIR program of the 
                applicable Federal agency to small business 
                concerns that are owned in majority part by 
                multiple venture capital operating companies, 
                hedge funds, or private equity firms through 
                competitive, merit-based procedures that are 
                open to all eligible small business concerns; 
                and
                  (B) the head of a Federal agency other than a 
                Federal agency described in subparagraph (A) 
                that participates in the SBIR program may award 
                not more than 15 percent of the funds allocated 
                for the SBIR program of the Federal agency to 
                small business concerns that are owned in 
                majority part by multiple venture capital 
                operating companies, hedge funds, or private 
                equity firms through competitive, merit-based 
                procedures that are open to all eligible small 
                business concerns.
          (2) Determination.--A written determination described 
        in this paragraph is a written determination by the 
        head of a Federal agency that explains how the use of 
        the authority under paragraph (1) will--
                  (A) induce additional venture capital, hedge 
                fund, or private equity firm funding of small 
                business innovations;
                  (B) substantially contribute to the mission 
                of the Federal agency;
                  (C) demonstrate a need for public research; 
                and
                  (D) otherwise fulfill the capital needs of 
                small business concerns for additional 
                financing for SBIR projects.
          (3) Registration.--A small business concern that is 
        majority-owned by multiple venture capital operating 
        companies, hedge funds, or private equity firms and 
        qualified for participation in the program authorized 
        under paragraph (1) shall--
                  (A) register with the Administrator on the 
                date that the small business concern submits an 
                application for an award under the SBIR 
                program; and
                  (B) indicate in any SBIR proposal that the 
                small business concern is registered under 
                subparagraph (A) as majority-owned by multiple 
                venture capital operating companies, hedge 
                funds, or private equity firms.
          (4) Compliance.--
                  (A) In general.--The head of a Federal agency 
                that makes an award under this subsection 
                during a fiscal year shall collect and submit 
                to the Administrator data relating to the 
                number and dollar amount of Phase I awards, 
                Phase II awards, and any other category of 
                awards by the Federal agency under the SBIR 
                program during that fiscal year.
                  (B) Annual reporting.--The Administrator 
                shall include as part of each annual report by 
                the Administration under subsection (b)(7) any 
                data submitted under subparagraph (A) and a 
                discussion of the compliance of each Federal 
                agency that makes an award under this 
                subsection during the fiscal year with the 
                maximum percentages under paragraph (1).
          (5) Enforcement.--If a Federal agency awards more 
        than the percent of the funds allocated for the SBIR 
        program of the Federal agency authorized under 
        paragraph (1) for a purpose described in paragraph (1), 
        the head of the Federal agency shall transfer an amount 
        equal to the amount awarded in excess of the amount 
        authorized under paragraph (1) to the funds for general 
        SBIR programs from the non-SBIR and non-STTR research 
        and development funds of the Federal agency not later 
        than 180 days after the date on which the Federal 
        agency made the award that caused the total awarded 
        under paragraph (1) to be more than the amount 
        authorized under paragraph (1) for a purpose described 
        in paragraph (1).
          (6) Final decisions on applications under the sbir 
        program.--
                  (A) Definition.--In this paragraph, the term 
                ``covered small business concern'' means a 
                small business concern that--
                          (i) was not majority-owned by 
                        multiple venture capital operating 
                        companies, hedge funds, or private 
                        equity firms on the date on which the 
                        small business concern submitted an 
                        application in response to a 
                        solicitation under the SBIR programs; 
                        and
                          (ii) on the date of the award under 
                        the SBIR program is majority-owned by 
                        multiple venture capital operating 
                        companies, hedge funds, or private 
                        equity firms.
                  (B) In general.--If a Federal agency does not 
                make an award under a solicitation under the 
                SBIR program before the date that is 9 months 
                after the date on which the period for 
                submitting applications under the solicitation 
                ends--
                          (i) a covered small business concern 
                        is eligible to receive the award, 
                        without regard to whether the covered 
                        small business concern meets the 
                        requirements for receiving an award 
                        under the SBIR program for a small 
                        business concern that is majority-owned 
                        by multiple venture capital operating 
                        companies, hedge funds, or private 
                        equity firms, if the covered small 
                        business concern meets all other 
                        requirements for such an award; and
                          (ii) the head of the Federal agency 
                        shall transfer an amount equal to any 
                        amount awarded to a covered small 
                        business concern under the solicitation 
                        to the funds for general SBIR programs 
                        from the non-SBIR and non-STTR research 
                        and development funds of the Federal 
                        agency, not later than 90 days after 
                        the date on which the Federal agency 
                        makes the award.
          (7) Evaluation criteria.--A Federal agency may not 
        use investment of venture capital or investment from 
        hedge funds or private equity firms as a criterion for 
        the award of contracts under the SBIR program or STTR 
        program.
  (ee) Collaborating With Federal Laboratories and Research and 
Development Centers.--
          (1) Authorization.--Subject to the limitations under 
        this section, the head of each participating Federal 
        agency may make SBIR and STTR awards to any eligible 
        small business concern that--
                  (A) intends to enter into an agreement with a 
                Federal laboratory or federally funded research 
                and development center for portions of the 
                activities to be performed under that award; or
                  (B) has entered into a cooperative research 
                and development agreement (as defined in 
                section 12(d) of the Stevenson-Wydler 
                Technology Innovation Act of 1980 (15 U.S.C. 
                3710a(d))) with a Federal laboratory.
          (2) Prohibition.--No Federal agency shall--
                  (A) condition an SBIR or STTR award upon 
                entering into agreement with any Federal 
                laboratory or any federally funded laboratory 
                or research and development center for any 
                portion of the activities to be performed under 
                that award;
                  (B) approve an agreement between a small 
                business concern receiving an SBIR or STTR 
                award and a Federal laboratory or federally 
                funded laboratory or research and development 
                center, if the small business concern performs 
                a lesser portion of the activities to be 
                performed under that award than required by 
                this section and by the SBIR Policy Directive 
                and the STTR Policy Directive of the 
                Administrator; or
                  (C) approve an agreement that violates any 
                provision, including any data rights 
                protections provision, of this section or the 
                SBIR and the STTR Policy Directives.
          (3) Implementation.--Not later than 180 days after 
        the date of enactment of this subsection, the 
        Administrator shall modify the SBIR Policy Directive 
        and the STTR Policy Directive issued under this section 
        to ensure that small business concerns--
                  (A) have the flexibility to use the resources 
                of the Federal laboratories or federally funded 
                research and development centers; and
                  (B) are not mandated to enter into agreement 
                with any Federal laboratory or any federally 
                funded laboratory or research and development 
                center as a condition of an award.
          (4) Advance payment.--If a small business concern 
        receiving an award under this section enters into an 
        agreement with a Federal laboratory or federally funded 
        research and development center for portions of the 
        activities to be performed under that award, the 
        Federal laboratory or federally funded research and 
        development center may not require advance payment from 
        the small business concern in an amount greater than 
        the amount necessary to pay for 30 days of such 
        activities.
  (ff) Additional SBIR and STTR Awards.--
          (1) Express authority for awarding a sequential phase 
        ii award.--A small business concern that receives a 
        Phase II SBIR award or a Phase II STTR award for a 
        project remains eligible to receive 1 additional Phase 
        II SBIR award or Phase II STTR award for continued work 
        on that project.
          (2) Preventing duplicative awards.--The head of a 
        Federal agency shall verify that any activity to be 
        performed with respect to a project with a Phase I or 
        Phase II SBIR or STTR award has not been funded under 
        the SBIR program or STTR program of another Federal 
        agency.
  (gg) Pilot Program.--
          (1) Authorization.--The head of each covered Federal 
        agency may allocate not more than 10 percent of the 
        funds allocated to the SBIR program and the STTR 
        program of the covered Federal agency--
                  (A) for awards for technology development, 
                testing, evaluation, and commercialization 
                assistance for SBIR and STTR Phase II 
                technologies; or
                  (B) to support the progress of research, 
                research and development, and commercialization 
                conducted under the SBIR or STTR programs to 
                Phase III.
          (2) Application by federal agency.--
                  (A) In general.--A covered Federal agency may 
                not establish a pilot program unless the 
                covered Federal agency makes a written 
                application to the Administrator, not later 
                than 90 days before the first day of the fiscal 
                year in which the pilot program is to be 
                established, that describes a compelling reason 
                that additional investment in SBIR or STTR 
                technologies is necessary, including unusually 
                high regulatory, systems integration, or other 
                costs relating to development or manufacturing 
                of identifiable, highly promising small 
                business technologies or a class of such 
                technologies expected to substantially advance 
                the mission of the agency.
                  (B) Determination.--The Administrator shall--
                          (i) make a determination regarding an 
                        application submitted under 
                        subparagraph (A) not later than 30 days 
                        before the first day of the fiscal year 
                        for which the application is submitted;
                          (ii) publish the determination in the 
                        Federal Register; and
                          (iii) make a copy of the 
                        determination and any related materials 
                        available to the Committee on Small 
                        Business and Entrepreneurship of the 
                        Senate and the Committee on Small 
                        Business and the Committee on Science, 
                        Space, and Technology of the House of 
                        Representatives.
          (3) Maximum amount of award.--The head of a covered 
        Federal agency may not make an award under a pilot 
        program in excess of 3 times the dollar amounts 
        generally established for Phase II awards under 
        subsection (j)(2)(D) or (p)(2)(B)(ix).
          (4) Registration.--Any applicant that receives an 
        award under a pilot program shall register with the 
        Administrator in a registry that is available to the 
        public.
          (5) Award criteria or consideration.--When making an 
        award under this section, the head of a covered Federal 
        agency shall give consideration to whether the 
        technology to be supported by the award is likely to be 
        manufactured in the United States.
          (6) Report.--The head of each covered Federal agency 
        shall include in the annual report of the covered 
        Federal agency to the Administrator an analysis of the 
        various activities considered for inclusion in the 
        pilot program of the covered Federal agency and a 
        statement of the reasons why each activity considered 
        was included or not included, as the case may be.
          (7) Termination.--The authority to establish a pilot 
        program under this section expires at the end of 
        [fiscal year 2025] fiscal year 2026.
          (8) Definitions.--In this subsection--
                  (A) the term ``covered Federal agency''--
                          (i) means a Federal agency 
                        participating in the SBIR program or 
                        the STTR program; and
                          (ii) does not include the Department 
                        of Defense; and
                  (B) the term ``pilot program'' means each 
                program established under paragraph (1).
  (hh) Timing of Release of Funding.--
          (1) In general.--Federal agencies participating in 
        the SBIR program or STTR program shall, to the extent 
        possible, shorten the amount of time between the 
        provision of notice of an award under the SBIR program 
        or STTR program and the subsequent release of funding 
        with respect to the award.
          (2) Pilot program to accelerate department of defense 
        sbir and sttr awards.--
                  (A) In general.--Not later than 1 year after 
                the date of enactment of this paragraph, the 
                Under Secretary of Defense for Research and 
                Engineering, acting through the Director of 
                Defense Procurement and Acquisition Policy of 
                the Department of Defense, shall establish a 
                pilot program to reduce the time for awards 
                under the SBIR and STTR programs of the 
                Department of Defense, under which the 
                Department of Defense shall--
                          (i) develop simplified and 
                        standardized procedures and model 
                        contracts throughout the Department of 
                        Defense for Phase I, Phase II, and 
                        Phase III SBIR awards;
                          (ii) for Phase I SBIR and STTR 
                        awards, reduce the amount of time 
                        between solicitation closure and award;
                          (iii) for Phase II SBIR and STTR 
                        awards, reduce the amount of time 
                        between the end of a Phase I award and 
                        the start of the Phase II award;
                          (iv) for Phase II SBIR and STTR 
                        awards that skip Phase I, reduce the 
                        amount of time between solicitation 
                        closure and award;
                          (v) for sequential Phase II SBIR and 
                        STTR awards, reduce the amount of time 
                        between Phase II awards; and
                          (vi) reduce the award times described 
                        in clauses (ii), (iii), (iv), and (v) 
                        to be as close to 90 days as possible.
                  (B) Consultation.--In carrying out the pilot 
                program under subparagraph (A), the Director of 
                Defense Procurement and Acquisition Policy of 
                the Department of Defense shall consult with 
                the Director of the Office of Small Business 
                Programs of the Department of Defense.
                  (C) Termination.--The pilot program under 
                subparagraph (A) shall terminate on [September 
                30, 2025] September 30, 2026.
  (ii) Reporting on Timing.--
          (1) In general.--Federal agencies participating in 
        the SBIR program or STTR program shall provide to the 
        Administrator, for the annual report on the SBIR and 
        STTR program under subsection (b)(7), the average 
        amount of time the agency takes to make a final 
        decision on proposals submitted under such programs, 
        the average amount of time the agency takes to release 
        funding with respect to an award under such programs, 
        and the goals established to reduce such amounts.
          (2) Comptroller general reports.--The Comptroller 
        General of the United States shall submit to the 
        Committee on Small Business and Entrepreneurship of the 
        Senate, the Committee on Armed Services of the Senate, 
        the Committee on Small Business of the House of 
        Representatives, and the Committee on Armed Services of 
        the House of Representatives--
                  (A) not later than 1 year after the date of 
                enactment of this paragraph, and every year 
                thereafter for 3 years, a report that--
                          (i) provides the average and median 
                        amount of time that each component of 
                        the Department of Defense with an SBIR 
                        or STTR program takes to review and 
                        make a final decision on proposals 
                        submitted under the program; and
                          (ii) compares that average and median 
                        amount of time with that of other 
                        Federal agencies participating in the 
                        SBIR or STTR program; and
                  (B) not later than December 5, 2021, a report 
                that--
                          (i) includes the information 
                        described in subparagraph (A);
                          (ii) assesses where each Federal 
                        agency participating in the SBIR or 
                        STTR program needs improvement with 
                        respect to the proposal review and 
                        award times under the program;
                          (iii) identifies best practices for 
                        shortening the proposal review and 
                        award times under the SBIR and STTR 
                        programs, including the pros and cons 
                        of using contracts compared to grants; 
                        and
                          (iv) analyzes the efficacy of the 
                        pilot program established under 
                        subsection (hh)(2).
  (jj) Phase 0 Proof of Concept Partnership Pilot Program.--
          (1) In general.--The Director of the National 
        Institutes of Health may use $5,000,000 of the funds 
        allocated under subsection (n)(1) for a Proof of 
        Concept Partnership pilot program to accelerate the 
        creation of small businesses and the commercialization 
        of research innovations from qualifying institutions. 
        To implement this program, the Director shall award, 
        through a competitive, merit-based process, grants to 
        qualifying institutions. These grants shall only be 
        used to administer Proof of Concept Partnership awards 
        in conformity with this subsection.
          (2) Definitions.--In this subsection--
                  (A) the term ``Director'' means the Director 
                of the National Institutes of Health;
                  (B) the term ``pilot program'' refers to the 
                Proof of Concept Partnership pilot program; and
                  (C) the terms ``qualifying institution'' and 
                ``institution'' mean a university or other 
                research institution that participates in the 
                National Institutes of Health's STTR program.
          (3) Proof of concept partnerships.--
                  (A) In general.--A Proof of Concept 
                Partnership shall be set up by a qualifying 
                institution to award grants to individual 
                researchers. These grants should provide 
                researchers with the initial investment and the 
                resources to support the proof of concept work 
                and commercialization mentoring needed to 
                translate promising research projects and 
                technologies into a viable company. This work 
                may include technical validations, market 
                research, clarifying intellectual property 
                rights position and strategy, and investigating 
                commercial or business opportunities.
                  (B) Award guidelines.--The administrator of a 
                Proof of Concept Partnership program shall 
                award grants in accordance with the following 
                guidelines:
                          (i) The Proof of Concept Partnership 
                        shall use a market-focused project 
                        management oversight process, 
                        including--
                                  (I) a rigorous, diverse 
                                review board comprised of local 
                                experts in translational and 
                                proof of concept research, 
                                including industry, start-up, 
                                venture capital, technical, 
                                financial, and business experts 
                                and university technology 
                                transfer officials;
                                  (II) technology validation 
                                milestones focused on market 
                                feasibility;
                                  (III) simple reporting 
                                effective at redirecting 
                                projects; and
                                  (IV) the willingness to 
                                reallocate funding from failing 
                                projects to those with more 
                                potential.
                          (ii) Not more than $100,000 shall be 
                        awarded towards an individual proposal.
                  (C) Educational resources and guidance.--The 
                administrator of a Proof of Concept Partnership 
                program shall make educational resources and 
                guidance available to researchers attempting to 
                commercialize their innovations.
          (4) Awards.--
                  (A) Size of award.--The Director may make 
                awards to a qualifying institution for up to 
                $1,000,000 per year for up to 4 years.
                  (B) Award criteria.--In determining which 
                qualifying institutions receive pilot program 
                grants, the Director shall consider, in 
                addition to any other criteria the Director 
                determines necessary, the extent to which 
                qualifying institutions--
                          (i) have an established and proven 
                        technology transfer or 
                        commercialization office and have a 
                        plan for engaging that office in the 
                        program's implementation;
                          (ii) have demonstrated a commitment 
                        to local and regional economic 
                        development;
                          (iii) are located in diverse 
                        geographies and are of diverse sizes;
                          (iv) can assemble project management 
                        boards comprised of industry, start-up, 
                        venture capital, technical, financial, 
                        and business experts;
                          (v) have an intellectual property 
                        rights strategy or office; and
                          (vi) demonstrate a plan for 
                        sustainability beyond the duration of 
                        the funding award.
          (5) Limitations.--The funds for the pilot program 
        shall not be used--
                  (A) for basic research, but to evaluate the 
                commercial potential of existing discoveries, 
                including--
                          (i) proof of concept research or 
                        prototype development; and
                          (ii) activities that contribute to 
                        determining a project's 
                        commercialization path, to include 
                        technical validations, market research, 
                        clarifying intellectual property 
                        rights, and investigating commercial 
                        and business opportunities; or
                  (B) to fund the acquisition of research 
                equipment or supplies unrelated to 
                commercialization activities.
          (6) Evaluative report.--The Director shall submit to 
        the Committee on Science, Space, and Technology and the 
        Committee on Small Business of the House of 
        Representatives and the Committee on Small Business and 
        Entrepreneurship of the Senate an evaluative report 
        regarding the activities of the pilot program. The 
        report shall include--
                  (A) a detailed description of the 
                institutional and proposal selection process;
                  (B) an accounting of the funds used in the 
                pilot program;
                  (C) a detailed description of the pilot 
                program, including incentives and activities 
                undertaken by review board experts;
                  (D) a detailed compilation of results 
                achieved by the pilot program, including the 
                number of small business concerns included and 
                the number of business packages developed, and 
                the number of projects that progressed into 
                subsequent STTR phases; and
                  (E) an analysis of the program's 
                effectiveness with supporting data.
          (7) Sunset.--The pilot program under this subsection 
        shall terminate at the end of [fiscal year 2025] fiscal 
        year 2026.
  (kk) Phase III Reporting.--The annual SBIR or STTR report to 
Congress by the Administration under subsection (b)(7) shall 
include, for each Phase III award--
          (1) the name of the agency or component of the agency 
        or the non-Federal source of capital making the Phase 
        III award;
          (2) the name of the small business concern or 
        individual receiving the Phase III award; and
          (3) the dollar amount of the Phase III award.
  (ll) Consent To Release Contact Information to 
Organizations.--
          (1) Enabling concern to give consent.--Each Federal 
        agency required by this section to conduct an SBIR 
        program or an STTR program shall enable a small 
        business concern that is an SBIR applicant or an STTR 
        applicant to indicate to the Federal agency whether the 
        Federal agency has the consent of the concern to--
                  (A) identify the concern to appropriate local 
                and State-level economic development 
                organizations as an SBIR applicant or an STTR 
                applicant; and
                  (B) release the contact information of the 
                concern to such organizations.
          (2) Rules.--The Administrator shall establish rules 
        to implement this subsection. The rules shall include a 
        requirement that a Federal agency include in the SBIR 
        and STTR application a provision through which the 
        applicant can indicate consent for purposes of 
        paragraph (1).
  (mm) Assistance for Administrative, Oversight, and Contract 
Processing Costs.--
          (1) In general.--Subject to paragraph (3) and until 
        [September 30, 2025] September 30, 2026, the 
        Administrator shall allow each Federal agency required 
        to conduct an SBIR program to use not more than 3 
        percent of the funds allocated to the SBIR program of 
        the Federal agency for--
                  (A) the administration of the SBIR program or 
                the STTR program of the Federal agency;
                  (B) the provision of outreach and technical 
                assistance relating to the SBIR program or STTR 
                program of the Federal agency, including 
                technical assistance site visits, personnel 
                interviews, and national conferences;
                  (C) the implementation of commercialization 
                and outreach initiatives that were not in 
                effect on the date of enactment of this 
                subsection;
                  (D) carrying out the program under subsection 
                (y);
                  (E) activities relating to oversight and 
                congressional reporting, including waste, 
                fraud, and abuse prevention activities;
                  (F) targeted reviews of recipients of awards 
                under the SBIR program or STTR program of the 
                Federal agency that the head of the Federal 
                agency determines are at high risk for fraud, 
                waste, or abuse to ensure compliance with 
                requirements of the SBIR program or STTR 
                program, respectively;
                  (G) the implementation of oversight and 
                quality control measures, including 
                verification of reports and invoices and cost 
                reviews;
                  (H) carrying out subsection (dd);
                  (I) contract processing costs relating to the 
                SBIR program or STTR program of the Federal 
                agency;
                  (J) funding for additional personnel and 
                assistance with application reviews; and
                  (K) funding for improvements that increase 
                commonality across data systems, reduce 
                redundancy, and improve data oversight and 
                accuracy.
          (2) Outreach and technical assistance.--
                  (A) In general.--Except as provided in 
                subparagraph (B), a Federal agency 
                participating in the program under this 
                subsection shall use a portion of the funds 
                authorized for uses under paragraph (1) to 
                carry out the policy directive required under 
                subsection (j)(2)(F) and to increase the 
                participation of States with respect to which a 
                low level of SBIR awards have historically been 
                awarded.
                  (B) Waiver.--A Federal agency may request the 
                Administrator to waive the requirement 
                contained in subparagraph (A). Such request 
                shall include an explanation of why the waiver 
                is necessary. The Administrator may grant the 
                waiver based on a determination that the agency 
                has demonstrated a sufficient need for the 
                waiver, that the outreach objectives of the 
                agency are being met, and that there is 
                increased participation by States with respect 
                to which a low level of SBIR awards have 
                historically been awarded.
          (3) Performance criteria.--A Federal agency may not 
        use funds as authorized under paragraph (1) until after 
        the effective date of performance criteria, which the 
        Administrator shall establish, to measure any benefits 
        of using funds as authorized under paragraph (1) and to 
        assess continuation of the authority under paragraph 
        (1).
          (4) Rules.--Not later than 180 days after the date of 
        enactment of this subsection, the Administrator shall 
        issue rules to carry out this subsection.
          (5) Coordination with ig.--Each Federal agency shall 
        coordinate the activities funded under subparagraph 
        (E), (F), or (G) of paragraph (1) with their respective 
        Inspectors General, when appropriate, and each Federal 
        agency that allocates more than $50,000,000 to the SBIR 
        program of the Federal agency for a fiscal year may 
        share such funding with its Inspector General when the 
        Inspector General performs such activities.
          (6) Reporting.--The Administrator shall collect data 
        and provide to the Committee on Small Business and 
        Entrepreneurship of the Senate and the Committee on 
        Small Business, the Committee on Science, Space, and 
        Technology, and the Committee on Appropriations of the 
        House of Representatives a report on the use of funds 
        under this subsection, including funds used to achieve 
        the objectives of paragraph (2)(A) and any use of the 
        waiver authority under paragraph (2)(B).
  (nn) Annual Report on SBIR and STTR Program Goals.--
          (1) Development of metrics.--The head of each Federal 
        agency required to participate in the SBIR program or 
        the STTR program shall develop metrics to evaluate the 
        effectiveness and the benefit to the people of the 
        United States of the SBIR program and the STTR program 
        of the Federal agency that--
                  (A) are science-based and statistically 
                driven;
                  (B) reflect the mission of the Federal 
                agency; and
                  (C) include factors relating to the economic 
                impact of the programs.
          (2) Evaluation.--The head of each Federal agency 
        described in paragraph (1) shall conduct an annual 
        evaluation using the metrics developed under paragraph 
        (1) of--
                  (A) the SBIR program and the STTR program of 
                the Federal agency; and
                  (B) the benefits to the people of the United 
                States of the SBIR program and the STTR program 
                of the Federal agency.
          (3) Report.--
                  (A) In general.--The head of each Federal 
                agency described in paragraph (1) shall submit 
                to the appropriate committees of Congress and 
                the Administrator an annual report describing 
                in detail the results of an evaluation 
                conducted under paragraph (2).
                  (B) Public availability of report.--The head 
                of each Federal agency described in paragraph 
                (1) shall make each report submitted under 
                subparagraph (A) available to the public 
                online.
                  (C) Definition.--In this paragraph, the term 
                ``appropriate committees of Congress'' means--
                          (i) the Committee on Small Business 
                        and Entrepreneurship of the Senate; and
                          (ii) the Committee on Small Business 
                        and the Committee on Science, Space, 
                        and Technology of the House of 
                        Representatives.
  (oo) Competitive Selection Procedures for SBIR and STTR 
Programs.--All funds awarded, appropriated, or otherwise made 
available in accordance with subsection (f) or (n) must be 
awarded pursuant to competitive and merit-based selection 
procedures.
  (pp) Limitation on Pilot Programs.--
          (1) Existing pilot programs.--The Administrator may 
        only carry out a covered pilot program that is in 
        operation on the date of enactment of this subsection 
        during the 3-year period beginning on such date of 
        enactment.
          (2) New pilot programs.--The Administrator may only 
        carry out a covered pilot program established after the 
        date of enactment of this subsection--
                  (A) during the 3-year period beginning on the 
                date on which such program is established; and
                  (B) if such program does not continue and is 
                not based on, in any manner, a previously 
                established covered pilot program.
          (3) Covered pilot program defined.--In this 
        subsection, the term ``covered pilot program'' means 
        any initiative, project, innovation, or other 
        activity--
                  (A) established by the Administrator;
                  (B) relating to an SBIR or STTR program; and
                  (C) not specifically authorized by law.
  (qq) Minimum Standards for Participation.--
          (1) Progress to phase ii success.--
                  (A) Establishment of system and minimum 
                commercialization rate.--Not later than 1 year 
                after the date of enactment of this subsection, 
                the head of each Federal agency participating 
                in the SBIR or STTR program shall--
                          (i) establish a system to measure, 
                        where appropriate, the success of small 
                        business concerns with respect to the 
                        receipt of Phase II SBIR or STTR awards 
                        for projects that have received Phase I 
                        SBIR or STTR awards;
                          (ii) establish a minimum performance 
                        standard for small business concerns 
                        with respect to the receipt of Phase II 
                        SBIR or STTR awards for projects that 
                        have received Phase I SBIR or STTR 
                        awards; and
                          (iii) begin evaluating, each fiscal 
                        year, whether each small business 
                        concern that received a Phase I SBIR or 
                        STTR award from the agency meets the 
                        minimum performance standard 
                        established under clause (ii).
                  (B) Consequence of failure to meet minimum 
                commercialization rate.--If the head of a 
                Federal agency determines that a small business 
                concern that received a Phase I SBIR or STTR 
                award from the agency is not meeting the 
                minimum performance standard established under 
                subparagraph (A)(ii), such concern may not 
                participate in Phase I (or Phase II if under 
                the authority of subsection (cc)) of the SBIR 
                or STTR program of that agency during the 1-
                year period beginning on the date on which such 
                determination is made.
          (2) Progress to phase iii success.--
                  (A) Establishment of system and minimum 
                commercialization rate.--Not later than 2 years 
                after the date of enactment of this subsection, 
                the head of each Federal agency participating 
                in the SBIR or STTR program shall--
                          (i) establish a system to measure, 
                        where appropriate, the success of small 
                        business concerns with respect to the 
                        receipt of Phase III SBIR or STTR 
                        awards for projects that have received 
                        Phase I SBIR or STTR awards;
                          (ii) establish a minimum performance 
                        standard for small business concerns 
                        with respect to the receipt of Phase 
                        III SBIR or STTR awards for projects 
                        that have received Phase I SBIR or STTR 
                        awards; and
                          (iii) begin evaluating, each fiscal 
                        year, whether each small business 
                        concern that received a Phase I SBIR or 
                        STTR award from the agency meets the 
                        minimum performance standard 
                        established under clause (ii).
                  (B) Consequence of failure to meet minimum 
                commercialization rate.--If the head of a 
                Federal agency determines that a small business 
                concern that received a Phase I SBIR or STTR 
                award from the agency is not meeting the 
                minimum performance standard established under 
                subparagraph (A)(ii), such concern may not 
                participate in Phase I (or Phase II if under 
                the authority of subsection (cc)) of the SBIR 
                or STTR program of that agency during the 1-
                year period beginning on the date on which such 
                determination is made.
          (3) Increased minimum performance standards for 
        experienced firms.--
                  (A) Progress to phase ii success.--
                          (i) In general.--With respect to a 
                        small business concern that received or 
                        receives more than 50 Phase I awards 
                        during a covered period, each minimum 
                        performance standard established under 
                        paragraph (1)(A)(ii) shall be doubled 
                        for such covered period.
                          (ii) Consequence of failure to meet 
                        standard.--If the head of a Federal 
                        agency determines that a small business 
                        concern that received a Phase I award 
                        from the Federal agency is not meeting 
                        an applicable increased minimum 
                        performance standard modified under 
                        clause (i), the small business concern 
                        may not receive more than 20 total 
                        Phase I awards and Phase II awards 
                        under subsection (cc) from each Federal 
                        agency during the 1-year period 
                        beginning on the date on which such 
                        determination is made.
                          (iii) Covered period defined.--In 
                        this subparagraph, the term ``covered 
                        period'' means a consecutive period of 
                        5 fiscal years preceding the most 
                        recent fiscal year.
                  (B) Progress to phase iii success.--
                          (i) In general.--Each minimum 
                        performance standard established under 
                        paragraph (2)(A)(ii) shall--
                                  (I) with respect to a small 
                                business concern that received 
                                or receives more than 50 Phase 
                                II awards during a covered 
                                period, require an average of 
                                $250,000 of aggregate sales and 
                                investments per Phase II award 
                                received during such covered 
                                period; and
                                  (II) with respect to a small 
                                business concern that received 
                                or receives more than 100 Phase 
                                II awards during a covered 
                                period, require an average of 
                                $450,000 of aggregate sales and 
                                investments per Phase II award 
                                received during such covered 
                                period.
                          (ii) Consequence of failure to meet 
                        standard.--If the head of a Federal 
                        agency determines that a small business 
                        concern that received a Phase I award 
                        from the agency is not meeting an 
                        applicable increased minimum 
                        performance standard modified under 
                        clause (i), the small business concern 
                        may not receive more than 20 total 
                        Phase I awards and Phase II awards 
                        under subsection (cc) from each agency 
                        during the 1-year period beginning on 
                        the date on which such determination is 
                        made.
                          (iii) Documentation.--
                                  (I) In general.--A small 
                                business concern that is 
                                subject to an increased minimum 
                                performance standard described 
                                in clause (i) shall submit to 
                                the Administrator supporting 
                                documentation evidencing that 
                                all covered sales of the small 
                                business concern were properly 
                                used to meet the increased 
                                minimum performance standard.
                                  (II) Covered sale defined.--
                                In this clause, the term 
                                ``covered sale'' means a sale 
                                by a small business concern--
                                          (aa) that the small 
                                        business concern claims 
                                        to be attributable to 
                                        an SBIR or STTR award;
                                          (bb) for which no 
                                        amount of the payment 
                                        was or is made using 
                                        Federal funds;
                                          (cc) which the small 
                                        business concern uses 
                                        to meet an applicable 
                                        increased minimum 
                                        performance standard 
                                        under clause (i); and
                                          (dd) that was or is 
                                        received during the 5 
                                        fiscal years 
                                        immediately preceding 
                                        the fiscal year in 
                                        which the small 
                                        business concern uses 
                                        the sale to meet the 
                                        increased minimum 
                                        performance standard.
                          (iv) Covered period defined.--In this 
                        subparagraph, the term ``covered 
                        period'' means a consecutive period of 
                        10 fiscal years preceding the most 
                        recent 2 fiscal years.
                  (C) Patents for increased minimum performance 
                standards.--A small business concern with 
                respect to which an increased minimum 
                performance standard under subparagraph (B) 
                applies may not meet the increased minimum 
                performance standard by obtaining patents.
                  (D) Effective date.--Subparagraphs (A) 
                through (C) shall take effect on April 1, 2023.
                  (E) Waiver.--
                          (i) In general.--The Administrator 
                        may, upon the request of a senior 
                        official of a Federal agency, grant a 
                        waiver with respect to a topic for the 
                        SBIR or STTR program of the Federal 
                        agency if--
                                  (I) the topic is critical to 
                                the mission of the Federal 
                                agency or relates to national 
                                security; and
                                  (II) the official submits to 
                                the Administrator a request for 
                                the waiver in accordance with 
                                clause (iii).
                          (ii) Waiver effects.--If the 
                        Administration grants a waiver with 
                        respect to a topic for the SBIR or STTR 
                        program of a Federal agency, 
                        subparagraphs (A)(ii) and (B)(ii) shall 
                        not prohibit any covered small business 
                        concern from receiving an SBIR or STTR 
                        award under such topic.
                          (iii) Agency request and 
                        congressional notification.--Not later 
                        than 15 days before the release of a 
                        solicitation including a topic for 
                        which a senior official of a Federal 
                        agency is requesting a waiver under 
                        clause (i), the senior official shall 
                        submit to the Administrator, the 
                        Committee on Small Business and the 
                        Committee on Science, Space, and 
                        Technology of the House of 
                        Representatives, and the Committee on 
                        Small Business and Entrepreneurship of 
                        the Senate a request for the waiver.
                          (iv) Administrator determination and 
                        congressional notification.--Not later 
                        than 15 days after receiving a request 
                        for a waiver under clause (i), the 
                        Administrator shall make a 
                        determination with respect to the 
                        request and notify the senior official 
                        at the Federal agency that made the 
                        request, the Committee on Small 
                        Business and the Committee on Science, 
                        Space, and Technology of the House of 
                        Representatives, and the Committee on 
                        Small Business and Entrepreneurship of 
                        the Senate of the determination.
                          (v) Definitions.--In this 
                        subparagraph:
                                  (I) Covered small business 
                                concern.--The term ``covered 
                                small business concern'' means 
                                a small business concern that 
                                is subject to the consequences 
                                under subparagraph (A)(ii) or 
                                (B)(ii) pursuant to a 
                                determination by the head of a 
                                Federal agency that such small 
                                business concern did not meet 
                                an increased minimum 
                                performance standard that was 
                                applicable to such small 
                                business concern.
                                  (II) Senior official.--The 
                                term ``senior official'' means 
                                an individual appointed to a 
                                position in a Federal agency 
                                that is classified above GS-15 
                                pursuant section 5108 of title 
                                5, United States Code, or any 
                                equivalent position, as 
                                determined by the 
                                Administrator.
                  (F) Reporting.--
                          (i) In general.--Not later than July 
                        1, 2023, and annually thereafter, the 
                        Administrator shall submit to Congress 
                        a list of the small business concerns 
                        that did not meet--
                                  (I) an applicable minimum 
                                performance standard 
                                established under paragraph 
                                (1)(A)(ii) or (2)(A)(ii); or
                                  (II) an applicable increased 
                                minimum performance standard.
                          (ii) Waivers.--Each list submitted 
                        under clause (i) shall identify each 
                        small business concern that received an 
                        SBIR or STTR award pursuant to a waiver 
                        granted under subparagraph (E) by the 
                        Administrator during the period covered 
                        by the list.
                          (iii) Confidentiality.--Each list 
                        submitted under clause (i) shall be 
                        confidential and exempt from disclosure 
                        under section 552(b)(3) of title 5, 
                        United States Code (commonly known as 
                        the ``Freedom of Information Act'').
                  (G) Implementation.--Not later than April 1, 
                2023, the Administration shall implement the 
                increased minimum performance standards under 
                this paragraph.
                  (H) Rules of construction.--Nothing in this 
                paragraph shall be construed--
                          (i) to prohibit a small business 
                        concern from participating in a Phase I 
                        (or Phase II if under the authority of 
                        subsection (cc)) of an SBIR or STTR 
                        program under paragraph (1)(B) or 
                        (2)(B) solely on the basis of a 
                        determination by the head of a Federal 
                        agency that the small business concern 
                        is not meeting an increased minimum 
                        performance standard; or
                          (ii) to prevent the head of a Federal 
                        agency from implementing more 
                        restrictive limitations on the number 
                        of federally funded Phase I awards and 
                        direct to Phase II awards under 
                        subsection (cc) that may be awarded to 
                        a small business concern than the 
                        limitations described in subparagraphs 
                        (A)(ii) and (B)(ii).
                  (I) Termination.--This paragraph shall 
                terminate on [September 30, 2025] September 30, 
                2026.
          (4) Administration oversight.--
                  (A) Approval and publication of systems and 
                minimum performance standards.--Each system and 
                minimum performance standard established under 
                paragraph (1) or paragraph (2) shall be 
                submitted by the head of the applicable Federal 
                agency to the Administrator and shall be 
                subject to the approval of the Administrator. 
                In making a determination with respect to 
                approval, the Administrator shall ensure that 
                the minimum performance standard exceeds a de 
                minimis level. The Administrator shall publish 
                on the Internet Web site of the Administration 
                the systems and minimum performance standards 
                approved.
                  (B) Submission of evaluation results by 
                agency.--The head of each covered Federal 
                agency shall submit to the Administrator the 
                results of each evaluation conducted under 
                paragraph (1) or paragraph (2).
          (5) Requirement of notice and comment.--Each system 
        and minimum performance standard established under 
        paragraph (1) or paragraph (2) and each approval 
        provided by the Administrator under paragraph (4)(A), 
        at least 60 days before becoming effective, shall be 
        preceded by the provision of notice of and an 
        opportunity for public comment on such system, 
        standard, or approval.
          (6) Inspector general audit.--Not later than 1 year 
        after the date on which the Administrator implements 
        the increased minimum performance standards under 
        paragraph (3), and periodically thereafter, the 
        Inspector General of the Administration shall--
                  (A) conduct an audit on whether the small 
                business concerns subject to increased minimum 
                performance standards under paragraph (3)(B) 
                verified--
                          (i) the sales by and investments in 
                        the small business concerns--
                                  (I) during the 5 fiscal years 
                                immediately preceding the 
                                fiscal year in which the small 
                                business concern used such 
                                sales and investments to meet 
                                an applicable increased 
                                performance standard; and
                                  (II) as a direct result of a 
                                Phase I award or Phase II award 
                                made under subsection (cc) 
                                during the covered period (as 
                                defined in paragraph 
                                (3)(B)(iv)), consistent with 
                                the definition of Phase III, as 
                                applicable;
                          (ii) any third-party revenue the 
                        small business concerns list as 
                        investments or incomes to meet the 
                        increased minimum performance 
                        standard--
                                  (I) is a direct result of a 
                                Phase I award or Phase II award 
                                made under subsection (cc) 
                                during the covered period (as 
                                defined in paragraph 
                                (3)(B)(iv)); and
                                  (II) consistent with the 
                                requirements of the 
                                Administrator as in effect on 
                                September 30, 2022, or any 
                                successor requirements; and
                          (iii) any dollar amounts such small 
                        business concerns list as investments 
                        or income to meet such increased 
                        minimum performance standard the 
                        providence of which is unclear and that 
                        is not directly attributable to a Phase 
                        I award or Phase II award made under 
                        subsection (cc) during the covered 
                        period (as defined in paragraph 
                        (3)(B)(iv)), consistent with the 
                        definition of Phase III, as applicable;
                  (B) assess the self-certification 
                requirements for the minimum performance 
                standards established under paragraph 
                (2)(A)(ii) and the increased minimum 
                performance standards under paragraph (3)(B); 
                and
                  (C) submit to the Committee on Small Business 
                and Entrepreneurship of the Senate and the 
                Committee on Small Business and the Committee 
                on Science, Space, and Technology of the House 
                of Representatives a report on the audit 
                conducted under subparagraph (A) and the 
                assessment conducted under subparagraph (B).
          (7) Increased minimum performance standard defined.--
        In this subsection, the term ``increased minimum 
        performance standard'' means a minimum performance 
        standard established under paragraph (1)(A)(ii) or 
        (2)(A)(ii) as modified under subparagraph (A) or (B), 
        respectively, of paragraph (3) with respect to a small 
        business concern.
  (rr) Publication of Certain Information.--In order to 
increase the number of small businesses receiving awards under 
the SBIR or STTR programs of participating agencies, and to 
simplify the application process for such awards, the 
Administrator shall establish and maintain a public Internet 
Web site on which the Administrator shall publish such 
information relating to notice of and application for awards 
under the SBIR program and STTR program of each participating 
Federal agency as the Administrator determines appropriate.
  (ss) Report on Enhancement of Manufacturing Activities.--Not 
later than October 1, 2013, and annually thereafter, the head 
of each Federal agency that makes more than $50,000,000 in 
awards under the SBIR and STTR programs of the agency combined 
shall submit to the Administrator, for inclusion in the annual 
report required under subsection (b)(7), information that 
includes--
          (1) a description of efforts undertaken by the head 
        of the Federal agency to enhance United States 
        manufacturing activities;
          (2) a comprehensive description of the actions 
        undertaken each year by the head of the Federal agency 
        in carrying out the SBIR or STTR program of the agency 
        in support of Executive Order 13329 (69 Fed. Reg. 9181; 
        relating to encouraging innovation in manufacturing);
          (3) an assessment of the effectiveness of the actions 
        described in paragraph (2) at enhancing the research 
        and development of United States manufacturing 
        technologies and processes;
          (4) a description of efforts by vendors selected to 
        provide discretionary technical assistance under 
        subsection (q)(1) to help SBIR and STTR concerns 
        manufacture in the United States; and
          (5) recommendations that the program managers of the 
        SBIR or STTR program of the agency consider appropriate 
        for additional actions to increase the effectiveness of 
        enhancing manufacturing activities.
  (tt) Outstanding Reports and Evaluations.--
          (1) In general.--Not later than March 30, 2019, the 
        Administrator shall submit to the Committee on Small 
        Business and Entrepreneurship of the Senate, the 
        Committee on Small Business of the House of 
        Representatives, and the Committee on Science, Space, 
        and Technology of the House of Representatives--
                  (A) each report, evaluation, or analysis, as 
                applicable, described in subsection (b)(7), 
                (g)(9), (o)(10), (y)(6)(C), (gg)(6), (jj)(6), 
                and (mm)(6); and
                  (B) metrics regarding, and an evaluation of, 
                the authority provided to the National 
                Institutes of Health, the Department of 
                Defense, and the Department of Education under 
                subsection (cc).
          (2) Information required.--Not later than December 
        31, 2018, the head of each agency that is responsible 
        for carrying out a provision described in subparagraph 
        (A) or (B) of paragraph (1) shall submit to the 
        Administrator any information that is necessary for the 
        Administrator to carry out the responsibilities of the 
        Administrator under that paragraph.
  (uu) Commercialization Assistance Pilot Programs.--
          (1) Pilot programs implemented.--
                  (A) In general.--Except as provided in 
                subparagraph (B), not later than one year after 
                the date of the enactment of this subsection, a 
                covered agency shall implement a 
                commercialization assistance pilot program, 
                under which an eligible entity may receive a 
                subsequent Phase II SBIR award.
                  (B) Exception.--If the Administrator 
                determines that a covered agency has a program 
                that is sufficiently similar to the 
                commercialization assistance pilot program 
                established under this subsection, such covered 
                agency shall not be required to implement a 
                commercialization assistance pilot program 
                under this subsection.
          (2) Percent of agency funds.--The head of each 
        covered agency may allocate not more than 5 percent of 
        the funds allocated to the SBIR program of the covered 
        agency for the purpose of making a subsequent Phase II 
        SBIR award under the commercialization assistance pilot 
        program.
          (3) Termination.--A commercialization assistance 
        pilot program established under this subsection shall 
        terminate on [September 30, 2025] September 30, 2026.
          (4) Application.--To be selected to receive a 
        subsequent Phase II SBIR award under a 
        commercialization assistance pilot program, an eligible 
        entity shall submit to the covered agency implementing 
        such pilot program an application at such time, in such 
        manner, and containing such information as the covered 
        agency may require, including--
                  (A) an updated Phase II commercialization 
                plan; and
                  (B) the source and amount of the matching 
                funding required under paragraph (5).
          (5) Matching funding.--
                  (A) In general.--The Administrator shall 
                require, as a condition of any subsequent Phase 
                II SBIR award made to an eligible entity under 
                this subsection, that a matching amount 
                (excluding any fees collected by the eligible 
                entity receiving such award) equal to the 
                amount of such award be provided from an 
                eligible third-party investor.
                  (B) Ineligible sources.--An eligible entity 
                may not use funding from ineligible sources to 
                meet the matching requirement of subparagraph 
                (A).
          (6) Award.--A subsequent Phase II SBIR award made to 
        an eligible entity under this subsection--
                  (A) may not exceed the limitation described 
                under subsection (aa)(1); and
                  (B) shall be disbursed during Phase II.
          (7) Use of funds.--The funds awarded to an eligible 
        entity under this subsection may only be used for 
        research and development activities that build on 
        eligible entity's Phase II program and ensure the 
        research funded under such Phase II is rapidly 
        progressing towards commercialization.
          (8) Selection.--In selecting eligible entities to 
        participate in a commercialization assistance pilot 
        program under this subsection, the head of a covered 
        agency shall consider--
                  (A) the extent to which such award could aid 
                the eligible entity in commercializing the 
                research funded under the eligible entity's 
                Phase II program;
                  (B) whether the updated Phase II 
                commercialization plan submitted under 
                paragraph (4) provides a sound approach for 
                establishing technical feasibility that could 
                lead to commercialization of such research;
                  (C) whether the proposed activities to be 
                conducted under such updated Phase II 
                commercialization plan further improve the 
                likelihood that such research will provide 
                societal benefits;
                  (D) whether the small business concern has 
                progressed satisfactorily in Phase II to 
                justify receipt of a subsequent Phase II SBIR 
                award;
                  (E) the expectations of the eligible third-
                party investor that provides matching funding 
                under paragraph (5); and
                  (F) the likelihood that the proposed 
                activities to be conducted under such updated 
                Phase II commercialization plan using matching 
                funding provided by such eligible third-party 
                investor will lead to commercial and societal 
                benefit.
          (9) Evaluation report.--Not later than 6 years after 
        the date of the enactment of this subsection, the 
        Comptroller General of the United States shall submit 
        to the Committee on Science, Space, and Technology and 
        the Committee on Small Business of the House of 
        Representatives, and the Committee on Small Business 
        and Entrepreneurship of the Senate, a report 
        including--
                  (A) a summary of the activities of 
                commercialization assistance pilot programs 
                carried out under this subsection;
                  (B) a detailed compilation of results 
                achieved by such commercialization assistance 
                pilot programs, including the number of 
                eligible entities that received awards under 
                such programs;
                  (C) the rate at which each eligible entity 
                that received a subsequent Phase II SBIR award 
                under this subsection commercialized research 
                of the recipient;
                  (D) the growth in employment and revenue of 
                eligible entities that is attributable to 
                participation in a commercialization assistance 
                pilot program;
                  (E) a comparison of commercialization success 
                of eligible entities participating in a 
                commercialization assistance pilot program with 
                recipients of an additional Phase II SBIR award 
                under subsection (ff);
                  (F) demographic information, such as 
                ethnicity and geographic location, of eligible 
                entities participating in a commercialization 
                assistance pilot program;
                  (G) an accounting of the funds used at each 
                covered agency that implements a 
                commercialization assistance pilot program 
                under this subsection;
                  (H) the amount of matching funding provided 
                by eligible third-party investors, set forth 
                separately by source of funding;
                  (I) an analysis of the effectiveness of the 
                commercialization assistance pilot program 
                implemented by each covered agency; and
                  (J) recommendations for improvements to the 
                commercialization assistance pilot program.
          (10) Definitions.--For purposes of this subsection:
                  (A) Covered agency.--The term ``covered 
                agency'' means a Federal agency required to 
                have an SBIR program.
                  (B) Eligible entity.--The term ``eligible 
                entity'' means a small business concern that 
                has received a Phase II award under an SBIR 
                program and an additional Phase II SBIR award 
                under subsection (ff) from the covered agency 
                to which such small business concern is 
                applying for a subsequent Phase II SBIR award.
                  (C) Eligible third-party investor.--The term 
                ``eligible third-party investor'' means a small 
                business concern other than an eligible entity, 
                a venture capital firm, an individual investor, 
                a non-SBIR Federal, State or local government, 
                or any combination thereof.
                  (D) Ineligible sources.--The term 
                ``ineligible sources'' means the following:
                          (i) The eligible entity's internal 
                        research and development funds.
                          (ii) Funding in forms other than 
                        cash, such as in-kind or other 
                        intangible assets.
                          (iii) Funding from the owners of the 
                        eligible entity, or the family members 
                        or affiliates of such owners.
                          (iv) Funding attained through loans 
                        or other forms of debt obligations.
                  (E) Subsequent phase ii sbir award.--The term 
                ``subsequent Phase II SBIR award'' means an 
                award granted to an eligible entity under this 
                subsection to carry out further 
                commercialization activities for research 
                conducted pursuant to an SBIR program.
  (vv) Due Diligence Program to Assess Security Risks.--
          (1) Establishment.--The head of each Federal agency 
        required to establish an SBIR or STTR program, in 
        coordination with the Administrator, shall establish 
        and implement a due diligence program to assess 
        security risks presented by small business concerns 
        seeking a federally funded award.
          (2) Risks.--Each program established under paragraph 
        (1) shall--
                  (A) assess, using a risk-based approach as 
                appropriate, the cybersecurity practices, 
                patent analysis, employee analysis, and foreign 
                ownership of a small business concern seeking 
                an award, including the financial ties and 
                obligations (which shall include surety, 
                equity, and debt obligations) of the small 
                business concern and employees of the small 
                business concern to a foreign country, foreign 
                person, or foreign entity; and
                  (B) assess awards and proposals or 
                applications, as applicable, using a risk-based 
                approach as appropriate, including through the 
                use of open-source analysis and analytical 
                tools, for the nondisclosures of information 
                required under (g)(13).
          (3) Administrative costs.--
                  (A) In general.--In addition to the amount 
                allocated under subsection (mm)(1), each 
                Federal agency required to establish an SBIR 
                program may allocate not more than 2 percent of 
                the funds allocated to the SBIR program of the 
                Federal agency for the cost of establishing the 
                due diligence program required under this 
                subsection.
                  (B) Reporting.--
                          (i) In general.--Not later than 
                        December 31 of the year in which this 
                        subparagraph is enacted, and not later 
                        than December 31 of each year 
                        thereafter, the head of a Federal 
                        agency that exercises the authority 
                        under subparagraph (A) shall submit to 
                        the Committee on Small Business and the 
                        Committee on Science, Space, and 
                        Technology of the House of 
                        Representatives, the Committee on Small 
                        Business and Entrepreneurship of the 
                        Senate, and the Administrator, for the 
                        covered year--
                                  (I) the total funds allowed 
                                to be allocated for the cost of 
                                establishing the due diligence 
                                program required under this 
                                subsection;
                                  (II) the total amount of 
                                funds obligated or expended 
                                under subparagraph (A); and
                                  (III) the due diligence 
                                activities carried out or to be 
                                carried out using amounts 
                                allocated under subparagraph 
                                (A).
                          (ii) Annual report inclusion.--The 
                        Administrator shall include the 
                        information submitted by head of a 
                        Federal agency under clause (i) in the 
                        next annual report submitted under 
                        subsection (b)(7) after the 
                        Administrator receives such 
                        information.
                          (iii) Covered year.--In this 
                        subparagraph, the term ``covered year'' 
                        means, with respect to the information 
                        required under clause (i), the year 
                        covered by the annual report submitted 
                        under subsection (b)(7) in which the 
                        Administrator is required to include 
                        such information by clause (ii).
                  (C) Termination date.--This paragraph shall 
                terminate on [September 30, 2025] September 30, 
                2026.
  (ww) Program on Innovation Open Topics.--
          (1) Establishment.--Not later than 180 days after the 
        date of enactment of this subsection, the Secretary of 
        Defense shall establish innovation open topic 
        activities using the SBIR and STTR programs of the 
        Department of Defense in order to--
                  (A) increase the transition of commercial 
                technology to the Department of Defense;
                  (B) expand the small business nontraditional 
                industrial base;
                  (C) increase commercialization derived from 
                investments of the Department of Defense; and
                  (D) expand the ability for qualifying small 
                business concerns to propose technology 
                solutions to meet the needs of the Department 
                of Defense.
          (2) Frequency.--The Secretary of Defense shall 
        conduct not less than 1 open topic announcement at each 
        component of the Department of Defense per fiscal year.
          (3) Briefing.--Not later than 180 days after the date 
        of enactment of this subsection, the Secretary of 
        Defense shall provide a briefing on the establishment 
        of the program required under paragraph (1) to--
                  (A) the Committee on Armed Services and the 
                Committee on Small Business and 
                Entrepreneurship of the Senate; and
                  (B) the Committee on Small Business, the 
                Committee on Armed Services, and the Committee 
                on Science, Space, and Technology of the House 
                of Representatives.
  (xx) Additional Provisions Relating to Solicitation Topics.--
          (1) In general.--A Federal agency required to 
        establish an SBIR or STTR program shall implement a 
        multi-level review and approval process within the 
        Federal agency for solicitation topics to ensure 
        adequate competition and that no private individual or 
        entity is shaping the requirements for eligibility for 
        the solicitation topic after the selection of the 
        solicitation topic, except that the Federal agency may 
        amend the requirements to clarify the solicitation 
        topic.
          (2) Referral.--A Federal agency that does not comply 
        with paragraph (1) shall be referred to the Inspector 
        General of the Administration for further 
        investigation.
  (yy) Pilot Program for the Participation of Military Research 
and Educational Institutions in the STTR Program.--
          (1) In general.--Not later than 180 days after the 
        date of enactment of this subsection, the Secretary of 
        Defense shall establish a pilot program to enable any 
        undergraduate, graduate, or postgraduate degree-
        granting military research or educational institution 
        established under title 10, United States Code, to 
        participate in the STTR program of the Department of 
        Defense.
          (2) Sunset.--The authority to carry out the pilot 
        program under this subsection shall end on [September 
        30, 2025] September 30, 2026.
  (zz) Budget Calculation Pilot Program.--
          (1) Pilot.--
                  (A) In general.--In order to more rapidly 
                estimate allocations for the SBIR and STTR 
                programs of the Department of Defense, the 
                Secretary of Defense shall conduct a budget 
                calculation pilot program that requires the 
                calculation of total expenditures for the SBIR 
                and STTR programs in the Department of Defense 
                and determination of related allocations in 
                accordance with subparagraphs (B) and (C), and 
                paragraph (2), respectively.
                  (B) SBIR program.--Beginning in fiscal year 
                2025, the Department of Defense shall calculate 
                required budget expenditures for its SBIR 
                program as not less than 3.25 percent of the 
                average of the total research, development, 
                test, and evaluation extramural budget of the 
                Department for the 2 most recent fully 
                obligated fiscal year budgets.
                  (C) STTR program.--Beginning in fiscal year 
                2025, the Department of Defense shall calculate 
                required budget expenditures for its STTR 
                program as not less than 0.46 percent of the 
                average of the total research, development, 
                test, and evaluation extramural budget of the 
                Department for the 2 most recent fully 
                obligated fiscal year budgets.
          (2) Allocations.--Not later than 30 days after the 
        date of enactment of an appropriations bill for the 
        Department of Defense for a fiscal year, the Department 
        shall determine and make adjustments for actual 
        allocations related to the SBIR and STTR programs of 
        the Department.
          (3) Sunset.--The pilot program under this subsection 
        shall terminate on [September 30, 2025] September 30, 
        2026.

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[GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT]


                          XIX. MINORITY VIEWS

                               BACKGROUND

    The Small Business Innovation Research (SBIR) and Small 
Business Technology Transfer (STTR) programs were established 
in 1982 and 1992 respectively to stimulate innovation, utilize 
small businesses to meet federal research and development (R&D) 
needs, encourage participation by minority and disadvantaged 
businesses in technological innovation, and increase private 
sector commercialization of innovations derived from federal 
R&D objectives. The SBIR program funds startups and small 
businesses across 11 federal agencies with extramural research 
and development (R&D) budgets above $100 million. Similarly, 
the STTR program funds small businesses in partnerships with 
universities and research institutions across five federal 
agencies with extramural R&D budgets over $1 billion. Since 
2017, participating agencies have been required to set aside 
3.2 percent of extramural funding for SBIR and 0.45 percent of 
extramural funding for STTR.
    The program is divided into three phases:
           Phase I is the pre-prototype phase used to 
        explore the technical merit or feasibility of an idea, 
        concept, or technology. These awards are generally 
        between $50,000 and $250,000 for 6 months.\1\
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    \1\Marcy E Gallo, R43695, Cong. Research Serv., Small Business 
Research Programs: SBIR and STTR (2022).
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           Phase II is the prototype phase to expand on 
        Phase I results. During this phase, R&D work is 
        implemented, and commercialization potential is 
        evaluated. These awards are typically only available 
        for phase I awardees and range from $750,000 to $1.8 
        million for a two year performance period.\2\
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    \2\Id.
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           Phase III is the commercialization phase to 
        move the technology from the laboratory into the 
        marketplace or into federal procurement. SBIR funding 
        is not provided in Phase III, instead, companies raise 
        private sector capital to expand operations or win 
        ``follow on'' contracts with federal agencies.\3\
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    \3\Id.
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    The SBA is the lead coordinating agency responsible for 
establishing policy, procedure, and regulations, collecting and 
publishing program-wide data, and monitoring implementation. 
Each participating agency manages their own program and 
maintains a substantial degree of flexibility in the execution 
of its program in alignment with its overall mission and 
priorities.
The Program Cannot Expire
    The SBIR and STTR programs have a proven track record of 
success over the past 40 years. The SBIR/STTR programs account 
for a small sliver of the federal government's extramural 
research and development (R&D) budgets, in total accounting for 
nearly $5 billion per year. However, the innovation, economic 
growth, and job creation it has accounted for over its history 
are disproportionate to the level of funding it receives. Over 
the past 40 years, the SBIR and STTR programs have played a 
role in firms like iRobot, 23&Me, Sonicare electric toothbrush, 
and Qualcomm wireless communications. Participating firms are 
behind the technology that made the condensation trail of the 
B-2 bomber invisible, the second generation of LASIK eye 
surgery, bio-degradable packaging material made from mushrooms 
to reduce Styrofoam that piles up in landfills, and rapid 
innovations used to fight COVID-19.
    Economic analyses of the program has routinely demonstrated 
its outsized importance in generating important innovations and 
economic growth. For instance, between 1996 and 2020, 99 new 
drug approvals (12 percent of all new drugs approved) were 
developed by SBIR/STTR firms.\4\ In addition, another study 
found that SBIR Phase II awards show a return on investment 
between $22 and $33 for every dollar invested, depending on the 
agency.\5\ A study from the National Cancer Institute found 
that for every dollar invested resulted in 11 dollars of 
commercial sales.\6\ Throughout its lifetime, 829 SBIR firms 
have gone public, and 2,120 have been acquired.\7\ Finally, 10 
percent of all venture capital investments go to SBIR firms.\8\
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    \4\Exploring SBA Programs: Reviewing the SBIC and SBIR Programs' 
Impact on Small Businesses. Before the H. Comm. On Small Business, 
118th Cong. (2023) (Statement of Jere Glover, Executive Director, Small 
Business Technology Council)
    \5\Id.
    \6\Id.
    \7\Id.
    \8\Id.
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    Even a short lapse in the program would put ongoing 
projects in the ecosystem at risk and end the ability of past 
award recipients to get Phase III follow-on contracts. Federal 
agencies could see their research and technology development 
stalled, and the U.S. economy would face a severe setback in 
emerging technology. Moreover, given the ongoing investments 
the Chinese Communist Party in their research and development, 
it would make the U.S. less competitive on the world stage.
One Year Reauthorization
    H.R. 5100, to extend the SBIR and STTR programs, provides a 
clean, one-year extension to the SBIR and STTR programs 
alongside the existing pilot programs. This extension would 
give the Committee more time to negotiate a comprehensive, 
bipartisan package without the threat of the program expiring.

                                        Nydia M. Velazquez,
                                                    Ranking Member.

                                  [all]