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SABIR Act

Introduced: June 16, 2005 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 16, 2005
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S6759)
Jun 16, 2005
Sponsor introductory remarks on measure. (CR S6758-6759)
Jun 16, 2005
Introduced in Senate
 Plain-English summary Congressional Research Service

Save America's Biotechnology Innovative Research Act of 2005 or SABIR Act - Amends provisions of the Small Business Act relating to the Small Business Innovation Research (SBIR) Program (a program under which a portion of a Federal agency's research or research and development funds are reserved for award to small businesses) to require a small business, in order to be SBIR-eligible, to have no more than 500 employees and be one of the following; (1) at least 51 percent owned and controlled by individuals or eligible venture capital companies who are U.S. citizens or permanent resident aliens; (2) not more than 49 percent owned and controlled by a single eligible venture capital company; (3) at least 51 percent owned and controlled by another business that is itself at least 51 percent owned and controlled by U.S. Citizens or permanent resident aliens; or (4) a joint venture in which each entity meets one of these ownership requirements.

What's happening now June 16, 2005

Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S6759)

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1