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S 4158 117th Congress Senate Commerce

Encouraging Small Business Innovation Act

Introduced: May 5, 2022 Introduced by: Padilla, Alex Democratic · California See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 5, 2022
Read twice and referred to the Committee on Small Business and Entrepreneurship. (Sponsor introductory remarks on measure: CR 2360-2361)
May 5, 2022
Introduced in Senate
 Plain-English summary Congressional Research Service

Encouraging Small Business Innovation Act

This bill expands and otherwise revises certain requirements for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs. Specifically, it includes small business investment companies (SBICs) in such programs.

SBICs are included as a type of investor whose investment must be considered for various purposes under the programs.

The bill requires the Small Business Administration (SBA), when calculating the outstanding leverage of an SBIC, to exclude investments made in SBIR and STTR participants. Under current law, SBICs are subject to a limit on their outstanding leverage.

Finally, the bill sets forth provisions to increase participation of states to which a low level of SBIR awards have historically been awarded.

What's happening now May 5, 2022

Read twice and referred to the Committee on Small Business and Entrepreneurship. (Sponsor introductory remarks on measure: CR 2360-2361)

 Committees of jurisdiction 1