119-hr3169

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3169 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 3169

 To amend the Small Business Act to reauthorize and modify the Small 
 Business Innovation Research and Small Business Technology Transfer 
 Research programs, and for other purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 May 1, 2025

Ms. Velazquez introduced the following bill; which was referred to the 
 Committee on Small Business, and in addition to the Committee on 
 Science, Space, and Technology, for a period to be subsequently 
 determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

 A BILL

 To amend the Small Business Act to reauthorize and modify the Small 
 Business Innovation Research and Small Business Technology Transfer 
 Research programs, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``SBIR/STTR Reauthorization Act of 
2025''.

SEC. 2. TABLE OF CONTENTS.

 The table of contents for this Act is as follows:

Sec. 1. Short title.

Sec. 2. Table of contents.
 TITLE I--REAUTHORIZATION OF PROGRAMS

Sec. 101. Extension of SBIR and STTR authority.

Sec. 102. Extension of FAST Program.
 TITLE II--ENHANCING COMPETITION

Sec. 201. Increasing agency expenditures for SBIR and STTR programs.

Sec. 202. SBIR and STTR fellowships.

Sec. 203. Application assistance to broaden participation.

Sec. 204. Technical and business assistance improvements.

Sec. 205. Improvements to website relating to the SBIR program or STTR 
 program.
 TITLE III--COMMERCIALIZATION IMPROVEMENTS

Sec. 301. Phase III award education.

Sec. 302. Technology Commercialization Official.

Sec. 303. Phase III improvements.
 TITLE IV--PILOT PROGRAMS

Sec. 401. Extend and modify assistance for administrative, oversight, 
 and contract processing costs.

Sec. 402. Extend and expand the direct to Phase II authority.

Sec. 403. Extend commercialization readiness program for civilian 
 agencies.

Sec. 404. Extension of certain SBIR and STTR pilot programs.

Sec. 405. Extension of due diligence program to assess security risks.
 TITLE V--OVERSIGHT AND SIMPLIFICATION INITIATIVES

Sec. 501. Annual reports to Congress.

Sec. 502. Comptroller General report on diversification and 
 commercialization.

Sec. 503. Extend the report on award timeliness.

Sec. 504. Pilot program to accelerate National Institutes of Health 
 evaluation process.

Sec. 505. Codifying safeguards for small business concerns majority-
 owned by venture capital operating 
 companies, hedge funds, or private equity 
 firms.

Sec. 506. Commercialization impact assessment.
 TITLE VI--TECHNICAL CHANGES

Sec. 601. Inclusion of SBICs in the SBIR and STTR programs.

Sec. 602. Phase III and sole-source awards.

 TITLE I--REAUTHORIZATION OF PROGRAMS

SEC. 101. EXTENSION OF SBIR AND STTR AUTHORITY.

    (a) SBIR.--

Section 9 of the Small Business Act (15 U.S.C. 638) is 
amended by striking subsection
            (m) .

    (b) STTR.--

Section 9

    (n)

    (1)
        (A) of the Small Business Act (15 U.S.C. 
638

    (n)

    (1)
        (A) ) is amended by striking ``through fiscal year 2025''.

SEC. 102. EXTENSION OF FAST PROGRAM.

 

Section 34
            (i) of the Small Business Act (15 U.S.C. 657d
            (i) ) is 
amended by striking ``September 30, 2005'' and inserting ``September 
30, 2030''.

 TITLE II--ENHANCING COMPETITION

SEC. 201. INCREASING AGENCY EXPENDITURES FOR SBIR AND STTR PROGRAMS.

 

Section 9 of the Small Business Act (15 U.S.C. 638) is amended--

    (1) in subsection

    (f)

    (1) --
        (A) in subparagraph
        (H) , by striking ``and'';
        (B) in subparagraph
            (I) , by striking ``fiscal year 
 2017 and each fiscal year thereafter,'' and inserting 
 ``each of fiscal years 2017 through 2025;''; and
            (C) by inserting after subparagraph
            (I) the 
 following new subparagraphs:
 ``
        (J) not less than 4 percent of such budget in 
 fiscal years 2026 and 2027;
 ``
        (K) not less than 5 percent of such budget in 
 fiscal years 2028 and 2029;
 ``
            (L) not less than 6 percent of such budget in 
 fiscal years 2030 and 2031; and
 ``
            (M) not less than 7 percent of such budget in 
 fiscal year 2032 and each fiscal year thereafter,''; 
 and

    (2) in subsection

    (n)

    (1)
        (B) --
        (A) in clause
            (iv) , by striking ``; and'' and 
 inserting a semicolon;
        (B) in clause
            (v) , by striking ``fiscal year 2016 
 and each fiscal year thereafter.'' and inserting ``each 
 of fiscal years 2016 through 2025;''; and
            (C) by adding at the end the following:
 ``
            (vi) 0.5 percent for fiscal year 2026 and 
 2027;
 ``
            (vii) 0.65 percent for fiscal year 2028 
 and 2029;
 ``
            (viii) 0.8 percent for fiscal year 2030 
 and 2031; and
 ``
            (ix) 1 percent for fiscal year 2032 and 
 each fiscal year thereafter.''.

SEC. 202. SBIR AND STTR FELLOWSHIPS.

 

Section 9 of the Small Business Act (15 U.S.C. 638) is amended--

    (1) in subsection

    (f) , by adding at the end the following 
 new paragraph:
 ``

    (5) Fellowships.--
 ``
        (A) In general.--A Federal agency may provide 
 grants or awards, either directly or in partnership 
 with a third party, to small business concerns that 
 have received SBIR or STTR Phase II awards to provide 
 fellowship and internship opportunities at the 
 undergraduate, baccalaureate, graduate, and 
 postdoctoral levels in fields that are important to 
 such Federal agency.
 ``
        (B) Enhanced outreach.--Each Federal agency that 
 makes an award or enters into a partnership under 
 subparagraph
        (A) shall provide for enhanced outreach to 
 increase the participation of women, socially 
 disadvantaged individuals (as described in 

section 8

    (a)

    (5) ), and economically disadvantaged individuals 
 (as described 

section 8

    (a)

    (6)
        (A) ) in the fellowship and 
 internship opportunities described under subparagraph
        (A) .
 ``
            (C) Support organization.--Each Federal agency 
 that makes an award or enters into a partnership under 
 subparagraph
        (A) may partner with or provide grants or 
 awards to a third-party organization to support and 
 facilitate the enhanced outreach under subparagraph
        (B) provided that such third-party organization is a 
 nonprofit organization with relevant experience and 
 demonstrated expertise in delivery of services 
 described in subparagraph
        (B) .
 ``
            (D) Funding.--In carrying out this paragraph, a 
 Federal agency may use only the following amounts:
 ``
            (i) With respect to a Federal agency that 
 uses the authority under subsection
            (mm) , the 
 funds authorized under such subsection.
 ``
            (ii) With respect a Federal agency other 
 than a Federal agency described in clause
            (i) , 
 not more than three percent of the funds 
 required to be expended under paragraph

    (1) .''; 
 and

    (2) in subsection

    (n) , by adding at the end the following 
 new paragraph:
 ``

    (4) Fellowships.--
 ``
        (A) In general.--A Federal agency may provide 
 grants or awards, either directly or in partnership 
 with a third party, to small business concerns that 
 have received SBIR or STTR Phase II awards to provide 
 fellowship and internship opportunities at the 
 undergraduate, baccalaureate, graduate, and 
 postdoctoral levels in fields that are important to 
 such Federal agency.
 ``
        (B) Enhanced outreach.--Each Federal agency that 
 makes an award or enters into a partnership under 
 subparagraph
        (A) shall provide for enhanced outreach to 
 increase the participation of women, socially 
 disadvantaged individuals (as described in 

section 8

    (a)

    (5) ), and economically disadvantaged individuals 
 (as described 

section 8

    (a)

    (6)
        (A) ) in the fellowship and 
 internship opportunities described under subparagraph
        (A) .
 ``
            (C) Support organization.--Each Federal agency 
 that makes an award or enters into a partnership under 
 subparagraph
        (A) may partner with or provide grants or 
 awards to a third-party organization to support and 
 facilitate the enhanced outreach under subparagraph
        (B) provided such third-party organization is a nonprofit 
 organization with relevant experience and demonstrated 
 expertise in delivery of services described in 
 subparagraph
        (B) .
 ``
            (D) Funding.--In carrying out this paragraph, a 
 Federal agency may use only the following amounts:
 ``
            (i) With respect to a Federal agency that 
 uses the authority under subsection
            (mm) , the 
 funds authorized under such subsection.
 ``
            (ii) With respect a Federal agency other 
 than a Federal agency described in clause
            (i) , 
 not more than three percent of the funds 
 required to be expended under paragraph

    (1) .''.

SEC. 203. APPLICATION ASSISTANCE TO BROADEN PARTICIPATION.

    (a) In General.--

Section 9
            (mm) (1) of the Small Business Act (15 
U.S.C. 638
            (mm) (1) ) is amended--

    (1) in subparagraph
        (J) , by striking ``and'' at the end;

    (2) in subparagraph
        (K) , by striking the period at the end 
 and inserting ``; and''; and

    (3) by adding at the end the following new subparagraph:
 ``
            (L) providing small business concerns with 
 assistance applying to the SBIR program or STTR program 
 of the Federal agency, including providing such 
 assistance to carry out the policy directive required 
 under paragraphs

    (2)
        (F) or

    (5) of subsection

    (j) and 
 subsection

    (p)

    (2)
        (H) to increase the participation of 
 States with respect to which a low level of SBIR or 
 STTR awards have historically been awarded.''.

    (b) Enhanced Minority Institution Participation.--

    (1) SBIR.--

Section 9

    (j) of the Small Business Act (15 
 U.S.C. 638

    (j) ), is amended by adding at the end the following 
 new paragraph:
 ``

    (5) Increased outreach requirements.--Not later than 90 
 days after the date of the enactment of this paragraph, the 
 Administration shall modify the policy directives issued 
 pursuant to this subsection to require enhanced outreach 
 efforts to increase the participation of individuals conducting 
 research at minority institutions (as defined in 

section 365 of 
 the Higher Education Act of 1965 (20 U.S.C. 1067k)) and 
 Hispanic-serving institutions (as defined in 

section 502

    (a) of 
 such Act (20 U.S.C. 1101a

    (a) )) in SBIR programs.''.

    (2) STTR.--

Section 9

    (p)

    (2) of the Small Business Act (15 
 U.S.C. 638

    (p)

    (2) ) is amended--
        (A) in subparagraph
        (F) , by striking ``and'' at the 
 end;
        (B) in subparagraph
        (G)
            (iii) , by striking the 
 period at the end and inserting ``; and''; and
            (C) by adding at the end the following new 
 subparagraph:
 ``
        (H) procedures for outreach efforts to increase 
 the participation of individuals conducting research at 
 minority institutions (as defined in 

section 365 of the 
 Higher Education Act of 1965 (20 U.S.C. 1067k)) and 
 Hispanic-serving institutions (as defined in 

section 16 
 502

    (a) of such Act (20 U.S.C. 1101a

    (a) )) in STTR 
 programs.''.

SEC. 204. TECHNICAL AND BUSINESS ASSISTANCE IMPROVEMENTS.

 

Section 9 of the Small Business Act (15 U.S.C. 638) is amended--

    (1) in subsection

    (q) --
        (A) in paragraph

    (1) , in the matter preceding 
 subparagraph
        (A) --
            (i) by striking ``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'' 
 and inserting ``shall authorize recipients of 
 awards under the SBIR program or the STTR 
 program to select, if desired, technical and 
 business assistance provided under subparagraph
        (A) ,
        (B) , or
            (C) of paragraph

    (3) to provide 
 such recipients with'';
            (ii) by inserting ``cybersecurity 
 assistance,'' after ``intellectual property 
 protections,''; and
            (iii) by striking ``such concerns'' and 
 inserting ``such recipients'';
        (B) in paragraph

    (2) , by adding at the end the 
 following:
 ``
            (C) Staff.--A small business concern may, by 
 contract or otherwise, use funding provided under this 
 section to hire new staff, augment staff, or direct 
 staff to conduct or participate in training activities 
 consistent with the goals listed in paragraph

    (1) consistent with the goals listed in paragraph

    (1) .'';
            (C) in paragraph

    (3) , by striking subparagraphs
        (A) and
        (B) and inserting the following:
 ``
        (A) Phase i.--A Federal agency described in 
 paragraph

    (1) shall authorize a recipient of a Phase I 
 SBIR or STTR award to use not more than $6,500 per 
 project, included as part of the award of the recipient 
 or in addition to the amount of the award of the 
 recipient as determined appropriate by the head of the 
 Federal agency, for the services described in paragraph

    (1) --
 ``
            (i) provided through a vendor selected 
 under paragraph

    (2)
        (A) ;
 ``
            (ii) provided through a vendor other than 
 a vendor selected under paragraph

    (2)
        (A) ;
 ``
            (iii) achieved through the activities 
 described in paragraph

    (2)
            (C) ; or
 ``
            (iv) provided through any combination of 
 clauses
            (i) and
            (ii) .
 ``
        (B) Phase ii.--A Federal agency described in 
 paragraph

    (1) shall authorize a recipient of a Phase II 
 SBIR or STTR award to use not more than $50,000 per 
 project, included as part of the award of the recipient 
 or in addition to the amount of the award of the 
 recipient as determined appropriate by the head of the 
 Federal agency, for the services described in paragraph

    (1) --
 ``
            (i) provided through a vendor selected 
 under paragraph

    (2)
        (A) ;
 ``
            (ii) provided through a vendor other than 
 a vendor selected under paragraph

    (2)
        (A) ;
 ``
            (iii) achieved through the activities 
 described in paragraph

    (2)
            (C) ; or
 ``
            (iv) provided through any combination of 
 clauses
            (i) ,
            (ii) , and
            (iii) .''; and
            (D) by adding at the end the following:
 ``

    (5) Targeted review.--A Federal agency may perform 
 targeted reviews of technical and business assistance funding 
 as described in subsection
            (mm) (1)
        (F) .''; and

    (2) by adding at the end the following:
 ``

    (aaa) I-Corps Participation.--
 ``

    (1) In general.--Each Federal agency that, as of January 
 1, 2025, was required to conduct an SBIR or STTR program with 
 an Innovation Corps program (established under 

section 601 of 
 the American Innovation and Competitiveness Act (42 U.S.C. 
 1862s-8) and commonly known as `I-Corps') shall--
 ``
        (A) provide an option for participation in an I-
 Corps teams course, I-Corps bootcamp, or another 
 equivalent training program to recipients of an award 
 under the SBIR or STTR program; and
 ``
        (B) authorize the recipients described in 
 subparagraph
        (A) to use amounts authorized under this 
 subsection to participate in the I-Corps teams course, 
 I-Corps bootcamp, or another equivalent training 
 program.
 ``

    (2) Cost of participation.--The cost of participation by 
 a recipient described in paragraph

    (1)
        (A) in an I-Corps course, 
 I-Corps bootcamp, or another equivalent training program may be 
 provided by--
 ``
        (A) an I-Corps team grant;
 ``
        (B) funds awarded to the recipient under this 
 subsection;
 ``
            (C) the participating teams or other sources as 
 appropriate; or
 ``
            (D) any combination of sources described in 
 subparagraphs
        (A) ,
        (B) , and
            (C) .''.

SEC. 205. IMPROVEMENTS TO WEBSITE RELATING TO THE SBIR PROGRAM OR STTR 
 PROGRAM.

    (a) SBIR Program.--

Section 9

    (g)

    (8) of the Small Business Act (15 
U.S.C. 638

    (g)

    (8) ) is amended--

    (1) in subparagraph
        (B) , by striking ``and'' at the end;

    (2) in subparagraph
            (C) , by adding ``and'' at the end; and

    (3) by adding at the end the following new subparagraph:
 ``
            (D) for each research institution subcontracted 
 by a recipient of a Phase I, Phase II, or Phase III 
 SBIR award to perform research or research and 
 development with respect to such award--
 ``
            (i) the name and location of such 
 research institution;
 ``
            (ii) whether such research institution 
 is--
 ``
            (I) an institution of higher 
 education (as such term is defined in 
 

section 101 of the Higher Education Act 
 of 1965 (20 U.S.C. 1001));
 ``
            (II) a nonprofit institution (as 
 defined in 

section 4 of the Stevenson-
 Wydler Technology Innovation Act of 
 1980 (15 U.S.C. 3703)) other than an 
 institution of higher education; or
 ``
            (III) a federally funded research 
 and development center (as identified 
 by the National Scientific Foundation 
 in accordance with the Federal 
 Acquisition Regulation); and
 ``
            (iii) for each research institution that 
 is an institution of higher education, whether 
 such research institution is--
 ``
            (I) a part B institution (as 
 defined in 

section 322 of the Higher 
 Education Act of 1965 (20 U.S.C. 
 1061));
 ``
            (II) a Hispanic-serving 
 institution (as defined in 

section 502 
 of such Act (20 U.S.C. 1101a));
 ``
            (III) a Tribal College or 
 University (as defined in 

section 316 
 of such Act (20 U.S.C. 1059c));
 ``
            (IV) an Alaska Native-serving 
 institution or a Native Hawaiian-
 serving institution (as defined in 
 

section 317

    (b) of such Act (20 U.S.C. 
 1059d

    (b) ));
 ``
            (V) a Predominantly Black 
 Institution (as defined in 

section 371
            (c) of such Act (20 U.S.C. 
 1067q
            (c) ));
 ``
            (VI) an Asian American and Native 
 American Pacific Islander-serving 
 institution (as defined in 

section 371
            (c) of such Act (20 U.S.C. 10 
 1067q
            (c) )); or
 ``
            (VII) a Native American-serving 
 nontribal institution (as defined in 
 

section 371
            (c) of such Act (20 U.S.C. 
 1067q
            (c) ));''.

    (b) STTR Program.--

Section 9

    (o)

    (9) of the Small Business Act (15 
U.S.C. 638

    (o)

    (9) ) is amended--

    (1) in subparagraph
        (B) , by striking ``and'' at the end;

    (2) in subparagraph
            (C) , by adding ``and'' at the end; and

    (3) by adding at the end the following new subparagraph:
 ``
            (D) for each research institution subcontracted 
 by a recipient of a Phase I or Phase II STTR award to 
 perform research or research and development with 
 respect to such award--
 ``
            (i) the name and location of such 
 research institution;
 ``
            (ii) whether such research institution 
 is--
 ``
            (I) an institution of higher 
 education (as such term is defined in 
 

section 101 of the Higher Education Act 
 of 1965 (20 U.S.C. 1001));
 ``
            (II) a nonprofit institution (as 
 defined in 

section 4 of the Stevenson-
 Wydler Technology Innovation Act of 
 1980 (15 U.S.C. 3703)) other than an 
 institution of higher education; or
 ``
            (III) a federally funded research 
 and development center (as identified 
 by the National Scientific Foundation 
 in accordance with the Federal 
 Acquisition Regulation); and
 ``
            (iii) for each research institution that 
 is an institution of higher education, whether 
 such research institution is--
 ``
            (I) a part B institution (as 
 defined in 

section 322 the Higher 
 Education Act of 1965 (20 U.S.C. 
 1061));
 ``
            (II) a Hispanic-serving 
 institution (as defined in 

section 502 
 of such Act (20 U.S.C. 1101a));
 ``
            (III) a Tribal College or 
 University (as defined in 

section 316 
 of such Act (20 U.S.C. 1059c));
 ``
            (IV) an Alaska Native-serving 
 institution or a Native Hawaiian-
 serving institution (as defined in 
 

section 317

    (b) of such Act (20 U.S.C. 
 1059d

    (b) ));
 ``
            (V) a Predominantly Black 
 Institution (as defined in 

section 371
            (c) of such Act (20 U.S.C. 
 1067q
            (c) ));
 ``
            (VI) an Asian American and Native 
 American Pacific Islander-serving 
 institution (as defined in 

section 371
            (c) of such Act (20 U.S.C. 25 
 1067q
            (c) )); or
 ``
            (VII) a Native American-serving 
 nontribal institution (as defined in 
 

section 371
            (c) of such Act (20 U.S.C. 
 1067q
            (c) ));''.
            (c) Database Reporting.--

    (1) In general.--

Section 9

    (k) of the Small Business Act (15 
 U.S.C. 638

    (k) ) is amended--
        (A) by striking ``Phase I or Phase II SBIR or 
 STTR'' each place it appears and inserting ``Phase I, 
 Phase II, or Phase III SBIR or STTR'';
        (B) in paragraph

    (1)
        (B) --
            (i) in clause
            (ii) , by striking ``and'' at 
 the end;
            (ii) in clause
            (iii) , by adding ``and'' at 
 the end; and
            (iii) by adding at the end the following 
 new clause:
 ``
            (iv) information regarding any research 
 institution subcontracted by such small 
 business concern to perform research or 
 research and development with respect to such 
 award, including--
 ``
            (I) the name and location of such 
 research institution;
 ``
            (II) whether such research 
 institution is--
 ``

    (aa) an institution of 
 higher education (as such term 
 is defined in 

section 101 of 
 the Higher Education Act of 
 1965 (20 U.S.C. 1001));
 ``

    (bb) a nonprofit 
 institution (as defined in 
 

section 4 of the Stevenson-
 Wydler Technology Innovation 
 Act of 1980 (15 U.S.C. 3703)) 
 other than an institution of 
 higher education; or
 ``
            (cc) a federally funded 
 research and development center 
 (as identified by the National 
 Scientific Foundation in 
 accordance with the Federal 
 Acquisition Regulation); and
 ``
            (III) for each research 
 institution that is an institution of 
 higher education (as such term is 
 defined in 

section 101 of the Higher 
 Education Act of 1965 (20 U.S.C. 
 1001)), whether such research 
 institution is an institution described 
 in paragraphs

    (1) through

    (7) of 
 

section 371

    (a) of such Act (20 U.S.C. 
 1067q

    (a) );'';
            (C) in paragraph

    (2) --
            (i) in subparagraph
        (A) , by striking 
 ``Phase I or Phase II of the SBIR program or 
 the STTR'' and inserting ``Phase I, Phase II, 
 or Phase III of the SBIR program or the STTR'';
            (ii) in subparagraph
        (F) , by striking 
 ``and'' at the end;
            (iii) in subparagraph
        (G)
            (ii) , by striking 
 the period at the end and inserting ``; and''; 
 and
            (iv) by adding at the end the following new 
 subparagraph:
 ``
        (H) contains information for each research 
 institution subcontracted by a recipient of a Phase I, 
 Phase II, or Phase III STTR or SBIR award to perform 
 research or research and development with respect to 
 such award, including--
 ``
            (i) the name and location of such 
 research institution;
 ``
            (ii) whether such research institution 
 is--
 ``
            (I) an institution of higher 
 education (as such term is defined in 
 

section 101 of the Higher Education Act 
 of 1965 (20 U.S.C. 1001));
 ``
            (II) a nonprofit institution (as 
 defined in 

section 4 of the Stevenson-
 Wydler Technology Innovation Act of 
 1980 (15 U.S.C. 3703)) other than an 
 institution of higher education; or
 ``
            (III) a federally funded research 
 and development center (as identified 
 by the National Scientific Foundation 
 in accordance with the Federal 
 Acquisition Regulation); and
 ``
            (iii) for each research institution that 
 is an institution of higher education (as such 
 term is defined in 

section 101 of the Higher 
 Education Act of 1965 (20 U.S.C. 1001)), 
 whether such research institution is an 
 institution described in paragraphs

    (1) through

    (7) of 

section 371

    (a) of such Act (20 U.S.C. 
 1067q

    (a) ).''; and
            (D) in paragraph

    (3)
            (C) , by striking ``Phase I or 
 Phase II award'' each place it appears and inserting 
 ``Phase I, Phase II, or Phase III award''.

    (2) Database update deadline.--Notwithstanding paragraphs

    (1) or

    (2) of 

section 9

    (k) of the Small Business Act (15 U.S.C. 
 638

    (k) ), the Administrator shall, not later than 1 year after 
 the date of the enactment of this Act, include--
        (A) in the database described such paragraph

    (1) the information required under such paragraph, as 
 amended by subparagraphs
        (A) and
        (B) of paragraph

    (1) of this Act; and
        (B) in the database described such paragraph

    (2) the information required under such paragraph, as 
 amended by subparagraphs
        (A) and
            (C) of paragraph

    (1) of this Act.

 TITLE III--COMMERCIALIZATION IMPROVEMENTS

SEC. 301. PHASE III AWARD EDUCATION.

 

Section 9

    (r) of the Small Business Act (15 U.S.C. 638

    (r) ) is 
amended by adding at the end the following new paragraph:
 ``

    (5) Workforce training.--
 ``
        (A) In general.--The Administrator, in 
 coordination with the Secretary of Defense, the 
 Administrator of the General Services Administration, 
 and the head of any such other Federal agency that the 
 Administrator determines appropriate, shall establish 
 training activities for contracting officers and agency 
 acquisition workforce of Federal agencies to ensure 
 that such individuals are fully aware of all aspects of 
 Phase III acquisitions under the SBIR and STTR 
 programs, as applicable.
 ``
        (B) Training topics.--The training activities 
 required under subparagraph
        (A) shall include training 
 on--
 ``
            (i) the missions, goals, and authorities 
 of the SBIR and STTR programs;
 ``
            (ii) the use of Phase III agreement;
 ``
            (iii) Phase III data rights; and
 ``
            (iv) the execution of Phase III sole 
 source award contracts.
 ``
            (C) === Definitions. ===
-In this paragraph:
 ``
            (i) Agency acquisition workforce.--The 
 term `agency acquisition workforce' means the 
 employees of a Federal agency that have 
 procurement or acquisition responsibilities, 
 including--
 ``
            (I) employees described in 
 

section 1703 of title 41, United States 
 Code; and
 ``
            (II) individuals that are part of 
 the acquisition workforce (as such term 
 is defined in 

section 101

    (a) of title 
 10, United States Code).
 ``
            (ii) Phase iii acquisition.--The term 
 `Phase III acquisition' means the acquisition 
 of a good or service from a participant in 
 Phase III that such participant has 
 commercialized or is seeking to commercialize 
 as such a participant.''.

SEC. 302. TECHNOLOGY COMMERCIALIZATION OFFICIAL.

 

Section 9 of the Small Business Act (15 U.S.C. 638), as amended by 

section 204, is further amended by adding at the end the following new 
subsection:
 ``

    (bbb) Technology Commercialization Official.--The head of each 
Federal agency required to establish an SBIR or STTR program shall--
 ``

    (1) designate an existing official within such Federal 
 agency as the Technology Commercialization Official of such 
 Federal agency, who shall--
 ``
        (A) have sufficient experience with 
 commercialization;
 ``
        (B) provide guidance to recipients of SBIR or 
 STTR awards on commercializing and transitioning 
 technologies;
 ``
            (C) coordinate with the Administrator and the 
 Technology Commercialization Officials of other Federal 
 agencies to identify additional markets and 
 commercialization pathways for promising SBIR and STTR 
 program technologies;
 ``
            (D) submit to the Administrator an annual report 
 on the number of technologies from such SBIR or STTR 
 program that have advanced commercialization 
 activities, including the relevant information required 
 in the commercialization impact assessment report under 
 subsection
            (ccc) ;
 ``
        (E) identify and advocate for SBIR and STTR 
 technologies with sufficient technology and 
 commercialization readiness to advance to Phase III 
 awards or other non-SBIR or STTR program contracts;
 ``
        (F) submit to the Administrator an annual report 
 on--
 ``
            (i) the actions taken by such Federal 
 agency to simply, standardize, and expedite the 
 application process and requirements, 
 procedures, and contracts as required under 
 subsection

    (hh) ; and
 ``
            (ii) the results of the actions taken 
 under clause
            (i) ; and
 ``
        (G) carry out such other duties as the head of 
 such Federal agency determines necessary; or
 ``

    (2) identify an official in such Federal agency carrying 
 out responsibilities that are substantially similar to those 
 described in subparagraphs
        (A) through
        (F) of paragraph

    (1) .''.

SEC. 303. PHASE III IMPROVEMENTS.

    (a) Procurement Center Representative Directives.--

    (1) In general.--

Section 9

    (j)

    (4) of the Small Business Act 
 (15 U.S.C. 638

    (j)

    (4) ) is amended by inserting before the period 
 at the end the following: ``, and advocate for the maximum 
 practicable use and transition of products, services, and 
 technologies developed under SBIR or STTR programs to Phase III 
 by means of Phase III awards to small business concerns''.

    (2) Modification deadline.--Not later than one year after 
 the date of the enactment of this Act, the Administrator of the 
 Small Business Administration shall modify the policy 
 directives issues pursuant to subsection

    (j) of 

section 9 of 
 the Small Business Act (15 U.S.C. 638

    (j) ) in accordance with 
 paragraph

    (4) of such subsection, as amended by paragraph

    (1) .

    (b) Phase III Award Simplification.--

Section 9

    (r)

    (4) of the Small 
Business Act (15 U.S.C. 638

    (r)

    (4) ) is amended--

    (1) in subparagraph
        (A) , by striking ``and'' at the end;

    (2) in subparagraph
        (B) , by striking the period at the end 
 and inserting ``; and''; and

    (3) by adding at the end the following new subparagraphs:
 ``
            (C) report to the Administrator on the actions 
 taken by the Federal agency or Federal prime contractor 
 to develop simplified and standardized procedures and 
 model contracts for Phase I, Phase II, and Phase III 
 SBIR awards; and
 ``
            (D) shall issue standardized solicitation 
 provisions and contract clauses which provide clear 
 guidance on the information that small business 
 concerns participating in SBIR or STTR programs can be 
 expected to provide as part of market research or as 
 part of a proposal by such small business concern to 
 establish eligibility for Phase III awards.''.

 TITLE IV--PILOT PROGRAMS

SEC. 401. EXTEND AND MODIFY ASSISTANCE FOR ADMINISTRATIVE, OVERSIGHT, 
 AND CONTRACT PROCESSING COSTS.

    (a) In General.--

Section 9
            (mm) of the Small Business Act (15 U.S.C. 
638
            (mm) ), as amended by 

section 202, is further amended--

    (1) by designating the text of paragraph

    (1) as 
 subparagraph
        (A) ; and

    (2) in paragraph

    (1) --
        (A) by redesignating subparagraphs
        (A) through
            (L) as clauses
            (i) through
            (xii) , respectively;
        (B) by striking ``September 30, 2025'' and 
 inserting ``September 30, 2030'';
            (C) by striking ``3 percent'' and inserting ``3.3 
 percent''; and
            (D) by adding at the end the following new 
 subparagraph:
 ``
        (B) Transfer of funds.--
 ``
            (i) In general.--Not later than 2 months 
 after the date of the enactment of an Act 
 providing appropriations for the Department of 
 Defense, the Department of Energy, the 
 Department of Health and Human Services, the 
 National Aeronautics and Space Administration, 
 or the National Science Foundation, the head of 
 each such entity for which such Act provided 
 appropriations shall transfer not less than 10 
 percent of the amount of the funds used for the 
 purposes described in clauses
            (i) through
            (xii) of subparagraph
        (A) to the Administrator to 
 increase the resources of the Administration 
 for administering the SBIR and STTR programs.
 ``
            (ii) Fund use limits.--None of the funds 
 transferred under clause
            (i) may be used for or 
 with respect to any program established under 
 the Small Business Investment Act of 1958 (15 
 U.S.C. 661 et seq.).''.

    (b) Increasing Participation of Underserved Populations in the SBIR 
and STTR Programs.--

    (1) In general.--

Section 9
            (mm) (2) of the Small Business Act 
 (15 U.S.C. 638
            (mm) (2) ) is amended to read as follows:
 ``

    (2) Outreach and technical assistance.--A Federal agency 
 participating in the program under this subsection may 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.''.

    (2) Conforming amendment.--

Section 9
            (mm) (6) of the Small 
 Business Act (15 U.S.C. 638
            (mm) (6) ) is amended by striking 
 ``including'' and all that follows and inserting the following: 
 ``including--
 ``
        (A) the use of funds transferred under 
 subparagraph
        (B) of paragraph

    (1) for the uses 
 authorized in such subparagraph and to achieve the 
 objectives of paragraph

    (2) ; and
 ``
        (B) the use of other funds under this subsection 
 to achieve such objectives.''.

SEC. 402. EXTEND AND EXPAND THE DIRECT TO PHASE II AUTHORITY.

 

Section 9 of the Small Business Act (15 U.S.C. 638) is amended--

    (1) by designating the text of subsection
            (cc) as paragraph

    (1) ; and

    (2) in subsection
            (cc) --
        (A) by striking ``2012 through 2025'' and inserting 
 ``2012 through 2030'';
        (B) by striking ``the National Institutes of 
 Health, the Department of Defense, and the Department 
 of Education may each'' and inserting ``each Federal 
 agency required to carry out an SBIR program may''; and
            (C) by adding at the end the following new 
 paragraphs:
 ``

    (2) Limitation.--The total value of awards provided by a 
 Federal agency under this subsection in a fiscal year shall 
 be--
 ``
        (A) except as provided in subparagraph
        (B) , not 
 more than 10 percent of the total funds allocated to 
 the SBIR program of the Federal agency during that 
 fiscal year; and
 ``
        (B) with respect to the National Institutes of 
 Health, not more than 15 percent of the total funds 
 allocated to the SBIR program of the National 
 Institutes of Health during that fiscal year.
 ``

    (3) Report.--Each head of a Federal agency that exercises 
 the authority under this subsection shall include in the next 
 report submitted by such Federal agency under

    (g)

    (9) following 
 such exercise the number and amount of awards provided under 
 this subsection by such Federal agency in the period covered by 
 such report.''.

SEC. 403. EXTEND COMMERCIALIZATION READINESS PROGRAM FOR CIVILIAN 
 AGENCIES.

 

Section 9

    (gg) of the Small Business Act (15 U.S.C. 638

    (gg) ) is 
amended--

    (1) in the heading, by striking ``Pilot'' and inserting 
 ``Civilian Agencies Commercialization Readiness'';

    (2) by striking ``pilot program'' each place it appears and 
 inserting ``covered program''; and

    (3) by striking ``fiscal year 2025'' and inserting ``fiscal 
 year 2030''.

SEC. 404. EXTENSION OF CERTAIN SBIR AND STTR PILOT PROGRAMS.

    (a) Phase 0 Proof of Concept Partnership Program.--

Section 9

    (jj)

    (7) of the Small Business Act (15 U.S.C. 638

    (jj)

    (7) ) is amended by striking 
``at the end of fiscal year 2025'' and inserting ``on September 30, 
2030''.

    (b) Commercialization Assistance Pilot Programs.--

Section 9

    (uu)

    (3) of the Small Business Act (15 U.S.C. 638

    (uu)

    (3) ) is amended by striking 
``September 30, 2025'' and inserting ``September 30, 2030''.

SEC. 405. EXTENSION OF DUE DILIGENCE PROGRAM TO ASSESS SECURITY RISKS.

 

Section 9
            (vv) (3)
            (C) of the Small Business Act (15 U.S.C. 
638
            (vv) (3)
            (C) ) is amended by striking ``September 30, 2025'' and 
inserting ``September 30, 2030''.

 TITLE V--OVERSIGHT AND SIMPLIFICATION INITIATIVES

SEC. 501. ANNUAL REPORTS TO CONGRESS.

 

Section 9 of the Small Business Act (15 U.S.C. 638) is amended--

    (1) in subsection

    (g)

    (9) --
        (A) by inserting ``the House Committee on Small 
 Business, Senate Committee on Small Business and 
 Entrepreneurship,'' after ``SBIR program to'';
        (B) by inserting a comma after ``Administration''; 
 and
            (C) by inserting after ``Technology Policy'' the 
 following: ``and publish such report on the website of 
 such Federal agency as soon as practicable'';

    (2) in subsection

    (o)

    (10) --
        (A) by inserting ``House Committee on Small 
 Business, Senate Committee on Small Business and 
 Entrepreneurship,'' after ``STTR program to'';
        (B) by inserting a comma after ``Administration''; 
 and
            (C) by inserting after ``Technology Policy'' the 
 following: ``and publish such report on the website of 
 such Federal agency as soon as practicable''; and

    (3) in subsection

    (gg)

    (6) , by inserting ``Congress and'' 
 after ``agency to''.

SEC. 502. COMPTROLLER GENERAL REPORT ON DIVERSIFICATION AND 
 COMMERCIALIZATION.

    (a) In General.--Not later than three years after the date of the 
enactment of this Act, the Comptroller General of the United States 
shall submit to the Committee on Small Business and Entrepreneurship of 
the Senate and the Committee on Small Business of the House of 
Representatives a report on the effectiveness of the SBIR and STTR 
programs with respect to diversification of participants and 
commercialization.

    (b) Contents.--The report shall include, to the extent practicable, 
an assessment of--

    (1) the demographics of small business concerns receiving 
 SBIR or STTR awards, including new entrants and 
 underrepresented groups;

    (2) the efforts of participating agencies to broaden 
 representation and participation of new entrants and 
 underrepresented groups in the SBIR and STTR programs;

    (3) how participating agencies develop solicitation topics 
 and attract applicants;

    (4) the efforts of participating agencies to support 
 technology commercialization;

    (5) the extent to which the SBIR and STTR awards made by 
 each participating agency align with the research priorities 
 and technology needs of that participating agency; and

    (6) such other matters as the Comptroller General, in 
 consultation with the Committee on Small Business and 
 Entrepreneurship of the Senate and the Committee on Small 
 Business of the House of Representatives, determines 
 appropriate.
            (c) === Definitions. ===
-In this section:

    (1) Federal agency; sbir; sttr.--The terms ``Federal 
 agency'', ``SBIR'', and ``STTR'' have the meanings given such 
 terms in 

section 9

    (e) of the Small Business Act (15 U.S.C. 
 638

    (e) ).

    (2) New entrant.--The term ``new entrant'' means a small 
 business concern that has not previously received an SBIR or 
 STTR award.

    (3) Underrepresented groups.--The term ``underrepresented 
 groups'' means small business concerns located in States with 
 respect to which a low level of SBIR and STTR awards have 
 historically been awarded, small business concerns owned and 
 controlled by women, and small business concerns owned and 
 controlled by socially and economically disadvantaged 
 individuals.

    (4) Participating agency.--The term ``participating 
 agency'' means a Federal agency carrying out an SBIR or STTR 
 program under 

section 9 of the Small Business Act (15 U.S.C. 
 638).

    (5) Small business concern.--The term ``small business 
 concern'' has the meaning given such term under 

section 3 of 
 the Small Business Act (15 U.S.C. 632).

    (6) Small business concern owned and controlled by socially 
 and economically disadvantaged individuals; small business 
 concern owned and controlled by women.--The terms ``small 
 business concern owned and controlled by socially and 
 economically disadvantaged individuals'' and ``small business 
 concern owned and controlled by women'' have the meanings given 
 such terms in 

section 8
            (d) of the Small Business Act (15 U.S.C. 
 637
            (d) ).

SEC. 503. EXTEND THE REPORT ON AWARD TIMELINESS.

 

Section 9
            (ii) (2)
        (A) of the Small Business Act (15 U.S.C. 
638
            (ii) (2)
        (A) ) is amended--

    (1) in the matter preceding clause
            (i) , by striking ``3 
 years'' and inserting ``11 years'';

    (2) in clause
            (i) , by striking ``and'' at the end;

    (3) by redesignating clause
            (ii) as clause
            (iii) ; and

    (4) by inserting after clause
            (i) the following new clause:
 ``
            (ii) provides the average and median 
 amount of time that each Federal agency with an 
 SBIR or STTR program takes to review and make a 
 final decision on proposals submitted under the 
 program; and''.

SEC. 504. PILOT PROGRAM TO ACCELERATE NATIONAL INSTITUTES OF HEALTH 
 EVALUATION PROCESS.

    (a) In General.--

Section 9

    (hh) of the Small Business Act (15 U.S.C. 
638

    (hh) ) is amended by adding at the end the following new paragraph:
 ``

    (3) Pilot program to accelerate the national institutes 
 of health sbir and sttr awards.--
 ``
        (A) In general.--Not later than 1 year after the 
 date of the enactment of this paragraph, the Director 
 of the National Institutes of Health shall establish a 
 pilot program to reduce the time for awards under the 
 SBIR and STTR programs of the National Institutes of 
 Health.
 ``
        (B) Award procedures.--In carrying out the pilot 
 program under subparagraph
        (A) , the Director shall 
 develop simplified and standardized procedures across 
 all relevant awarding offices at the National 
 Institutes of Health and reduce the amount of time 
 between the provision of notice of such awards and the 
 subsequent release of funding with respect to the 
 awards to be as close to 90 days as possible.
 ``
            (C) Merit review.--
 ``
            (i) In general.--Under the pilot program 
 under subparagraph
        (A) , the Director of the 
 National Institutes of Health may, with respect 
 to awards under the SBIR and STTR programs of 
 the National Institutes of Health, use such 
 peer review procedures (including consultation 
 with appropriate scientific experts) as the 
 Director determines to be appropriate to obtain 
 assessments of scientific and technical merit 
 and potential for commercialization.
 ``
            (ii) Deemed.--The use of peer review 
 procedures under clause
            (i) shall be deemed to 
 fulfill any requirements applicable to the 
 award under the SBIR or STTR program of the 
 National Institutes of Health under sections 
 406

    (a)

    (3)
        (A) and 492 of the Public Health 
 Service Act (42 U.S.C. 284a

    (a)

    (3)
        (A) ; 289a).
 ``
            (D) Termination.--The pilot program under 
 subparagraph
        (A) shall terminate on September 30, 
 2030.''.

    (b) Evaluation Report.--Not later than three years after the date 
of enactment of this Act, the Director of the National Institutes of 
Health shall submit to the Committees on Small Business and Science, 
Space, and Technology of the House of Representatives and the Committee 
on Small Business and Entrepreneurship of the Senate an evaluation of 
the pilot program established under paragraph

    (3) of 

section 9

    (hh) of 
the Small Business Act (15 U.S.C. 638

    (hh) ), as added by subsection

    (a) , 
including an analysis of the peer review procedures used under 
subparagraph
            (C) of such paragraph and the effects on award times.

SEC. 505. CODIFYING SAFEGUARDS FOR SMALL BUSINESS CONCERNS MAJORITY-
 OWNED BY VENTURE CAPITAL OPERATING COMPANIES, HEDGE 
 FUNDS, OR PRIVATE EQUITY FIRMS.

    (a) In General.--

Section 9
            (dd) of the Small Business Act (15 U.S.C. 
638
            (dd) ) is amended--

    (1) in paragraph

    (6)
        (B) , by striking ``If a Federal'' and 
 inserting ``Except as provided in paragraph

    (8) , if a 
 Federal''; and

    (2) by adding at the end the following new paragraph:
 ``

    (8) Participation limits.--
 ``
        (A) In general.--A small business concern that is 
 majority-owned by multiple venture capital operating 
 companies, hedge funds, or private equity firms is 
 ineligible to receive an award under any SBIR program 
 if the Administrator determines that such small 
 business concern is, or is owned and controlled in 
 majority part by, a covered foreign entity.
 ``
        (B) Ownership determination.--In determining 
 whether a small business concern is ineligible to 
 receive an award under any SBIR program under 
 subparagraph
        (A) , the Administrator shall consider 
 whether the small business concern is a direct or 
 indirect subsidiary of a foreign-owned firm.
 ``
            (C) Size standards.--The Administrator shall 
 establish size standards for small business concerns 
 seeking to participate in an SBIR program solely under 
 the authority under this section.
 ``
            (D) === Definitions. ===
-In this paragraph:
 ``
            (i) Covered foreign entity.--the term 
 `covered foreign entity'--
 ``
            (I) means--
 ``

    (aa) a foreign entity of 
 concern;
 ``

    (bb) a government or 
 political party of a foreign 
 country of concern;
 ``
            (cc) a natural person who 
 is not a lawful permanent 
 resident of the United States, 
 citizen of the United States, 
 or any other protected 
 individual (as such term is 
 defined in 

section 274B

    (a)

    (3) of the Immigration and 
 Nationality Act (8 U.S.C. 
 1324b

    (a)

    (3) )); or
 ``
            (dd) a partnership, 
 association, corporation, 
 organization, or other 
 combination of persons 
 organized under the laws of or 
 having its principal place of 
 business in a foreign country 
 of concern; and
 ``
            (II) includes--
 ``

    (aa) any entity owned by, 
 controlled by, or subject to 
 the jurisdiction or direction 
 of a an entity listed in 
 subclause
            (I) ;
 ``

    (bb) any person, wherever 
 located, who acts as an agent, 
 representative, or employee of 
 an entity listed in subclause
            (I) ;
 ``
            (cc) any person who acts 
 in any other capacity at the 
 order, request, or under the 
 direction or control, of an 
 entity listed in subclause
            (I) , 
 or of a person whose activities 
 are directly or indirectly 
 supervised, directed, 
 controlled, financed, or 
 subsidized in whole or in 
 majority part by an entity 
 listed in subclause
            (I) ;
 ``
            (dd) any person who 
 directly or indirectly through 
 any contract, arrangement, 
 understanding, relationship, or 
 otherwise, owns 25 percent or 
 more of the equity interests of 
 an entity listed in subclause
            (I) ;
 ``

    (ee) any person with 
 significant responsibility to 
 control, manage, or direct an 
 entity listed in subclause
            (I) ;
 ``

    (ff) any person, wherever 
 located, who is a citizen or 
 resident of a country 
 controlled by an entity listed 
 in subclause
            (I) ; or
 ``

    (gg) any corporation, 
 partnership, association, or 
 other organization organized 
 under the laws of a country 
 controlled by an entity listed 
 in subclause
            (I) .
 ``
            (ii) Foreign entity of concern.--The term 
 `foreign entity of concern' means a foreign 
 entity that is--
 ``
            (I) designated as a foreign 
 terrorist organization by the Secretary 
 of State under 

section 219

    (a) of the 
 Immigration and Nationality Act (8 
 U.S.C. 1189

    (a) );
 ``
            (II) included on the list of 
 specially designated nationals and 
 blocked persons maintained by the 
 Office of Foreign Assets Control of the 
 Department of the Treasury (commonly 
 known as the SDN list);
 ``
            (III) owned by, controlled by, or 
 subject to the jurisdiction or 
 direction of a government of a foreign 
 country that is a covered nation (as 
 such term is defined in 

section 4872 of 
 title 10, United States Code);
 ``
            (IV) alleged by the Attorney 
 General to have been involved in 
 activities for which a conviction was 
 obtained under--
 ``

    (aa) chapter 37 of title 
 18, United States Code 
 (commonly known as the 
 Espionage Act);
 ``

    (bb) section 951 or 1030 
 of such title;
 ``
            (cc) chapter 90 of such 
 title (commonly known as the 
 Economic Espionage Act of 
 1996);
 ``
            (dd) the Arms Export 
 Control Act (22 U.S.C. 2751 et 
 seq.);
 ``

    (ee) section 224, 225, 
 226, 227, or 236 of the Atomic 
 Energy Act of 1954 (42 U.S.C. 
 2274, 2275, 2276, 2277, and 
 2284);
 ``

    (ff) the Export Control 
 Reform Act of 2018 (50 U.S.C. 
 4801 et seq.); or
 ``

    (gg) the International 
 Emergency Economic Powers Act 
 (50 U.S.C. 1701 et seq.); or
 ``
            (V) determined by the Secretary 
 of Commerce, in consultation with the 
 Secretary of Defense and the Director 
 of National Intelligence, to be engaged 
 in unauthorized conduct that is 
 detrimental to the national security or 
 foreign policy of the United States.''.

    (b) Applicability.--The amendments made by subsection

    (a) shall 
apply only with respect to awards made under an Small Business 
Innovation Research Program (as defined in 

section 9

    (e) of the Small 
Business Act (15 U.S.C. 638

    (e) )) after the date of the enactment of 
this Act.

SEC. 506. COMMERCIALIZATION IMPACT ASSESSMENT.

 

Section 9 of the Small Business Act (15 U.S.C. 638), as amended by 
this Act, is further amended by adding at the end the following new 
subsection:
 ``
            (ccc) Commercialization Impact Assessment.--
 ``

    (1) In general.--The Administrator, shall coordinate with 
 the head of each Federal agency with an SBIR or STTR program to 
 develop an annual commercialization impact assessment, which 
 shall measure, for each small business concern that has 
 received not less than 50 Phase II on or after October 1 of the 
 ninth full fiscal year beginning before the fiscal year in 
 which the assessment is carried out--
 ``
        (A) the total dollar value of Federal awards, 
 including subgrants, contracts, and subcontracts, other 
 than SBIR or STTR awards, received by the small 
 business concern in the preceding 9 fiscal years;
 ``
        (B) the total dollar value of all SBIR and STTR 
 Phase I and Phase II awards received by the small 
 business concern in the preceding 9 fiscal years;
 ``
            (C) the average annual gross revenue of the small 
 business concern over the preceding 9 fiscal years;
 ``
            (D) the total revenue of the small business 
 concern received or realized in the preceding 9 fiscal 
 years from the sale or licensing of any product or 
 service resulting from research conduct under an SBIR 
 or STTR award, disaggregated by the revenue from such 
 sales and the revenue from such licensing;
 ``
        (E) additional investments in the small business 
 concern from any source, other than a Phase I or Phase 
 II SBIR or STTR awards, to further the research and 
 development conducted under an SBIR or STTR award 
 received by the small business concern in the preceding 
 9 fiscal years;
 ``
        (F) any mergers and acquisitions of SBIR or STTR 
 award recipients during or after the completion of a 
 Phase II award;
 ``
        (G) any new, unique spin-out companies and third 
 party revenues from any business in the preceding 9 
 fiscal years resulting from research conducted by the 
 small business concern under an SBIR or STTR award;
 ``
        (H) the year in which the first Phase II award 
 was received by the small business concern and the 
 total number of employees of the small business concern 
 at the time of first Phase II award;
 ``
            (I) the number of employees, as of the end of the 
 most recently completed fiscal year; and
 ``
        (J) the total number and value of Phase III 
 awards received by the small business concern.
 ``

    (2) Publication.--The Administrator shall create a report 
 on the findings of each commercialization impact assessment and 
 shall--
 ``
        (A) include such report in the annual report 
 required under subsection

    (b)

    (7) ; and
 ``
        (B) submit such report to--
 ``
            (i) the Committee on Small Business and 
 Entrepreneurship of the Senate; and
 ``
            (ii) the Committees on Science, Space, 
 and Technology and on Small Business of the 
 House of Representatives.''.

 TITLE VI--TECHNICAL CHANGES

SEC. 601. INCLUSION OF SBICS IN THE SBIR AND STTR PROGRAMS.

 

Section 9 of the Small Business Act (15 U.S.C. 638), as amended by 

section 505, is further amended--

    (1) by striking ``or private equity firm investment'' each 
 place that term appears and inserting ``private equity firm, or 
 SBIC investment'';

    (2) by striking ``or private equity firms'' each place that 
 term appears and inserting ``private equity firms, or SBICs'';

    (3) in subsection

    (e) --
        (A) in paragraph

    (18) , by striking ``and'' at the 
 end;
        (B) in paragraph

    (19) , by striking the period at 
 the end and inserting ``; and''; and
            (C) by adding at the end the following new 
 paragraph:
 ``

    (20) the term `SBIC' means a small business investment 
 company as defined in 

section 103 of the Small Business 
 Investment Act of 1958 (15 U.S.C. 662).''; and

    (4) in the heading for subsection
            (dd) , by striking ``or 
 Private Equity Firms'' and inserting ``Private Equity Firms, or 
 SBICs''.

SEC. 602. PHASE III AND SOLE-SOURCE AWARDS.

 

Section 9

    (r) of the Small Business Act (15 U.S.C. 638) is amended--

    (1) in the heading, by inserting ``Sole Source and Other'' 
 after ``Justification for''; and

    (2) in the heading for paragraph

    (4) , by inserting ``sole 
 source and other'' after ``justification for''.
 <all>