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HR 2767 111th Congress House Commerce Advanced technology and technological innovations Business investment and capital Product development and innovation Research administration and funding Research and development Small business Technology transfer and commercialization

Investing in Tomorrow's Technology Act

Introduced: June 9, 2009 Introduced by: Graves, Sam Republican · Missouri See on congress.gov
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 Everywhere this bill has been 8 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 11, 2009
Forwarded by Subcommittee to Full Committee by Voice Vote .
Jun 11, 2009
Subcommittee Consideration and Mark-up Session Held.
Jun 10, 2009
Referred to the Subcommittee on Technology and Innovation.
Jun 9, 2009
Referred to House Science and Technology
Jun 9, 2009
Referred to the Committee on Small Business, and in addition to the Committee on Science 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.
Jun 9, 2009
Referred to House Small Business
Jun 9, 2009
Referred to the Subcommittee on Contracting and Technology .
Jun 9, 2009
Introduced in House
 Plain-English summary Congressional Research Service

Investing in Tomorrow's Technology Act - Amends the Small Business Act to extend through FY2011 the Small Business Innovation Research (SBIR) Program and the Small Business Technology Transfer (STTR) Program.

Provides that, with respect to participation in an SBIR or STTR program: (1) a business that has more than 500 employees shall not qualify as a small business; and (2) in determining whether a small business is independently owned and operated, the Administrator of the Small Business Administration (SBA) shall not consider the business as affiliated with a venture capital operating company if such company does not own 50% or more of the business and the company's employees do not constitute a majority of the business's board of directors.

Provides limited conditions under which a small business shall still be considered eligible for SBIR/STTR participation when a venture capital operating company controlled by a business with more than 500 employees has an ownership interest in a small business owned in majority part by venture capital operating companies.

What's happening now June 11, 2009

Forwarded by Subcommittee to Full Committee by Voice Vote .

 Committees of jurisdiction 4