WASHINGTON - The U.S. House Committee on Science, Space, and Technology today unanimously approved H.R. 2763, the Small Business Innovation Research and Small Business Technology Transfer Improvements Act of 2017, sponsored by U.S. Rep. Steve Knight (R-Calif.), vice chairman of the Subcommittee on Energy for the U.S. House Committee on Science, Space, and Technology and chairman of the Subcommittee on Contracting and Workforce for the U.S. House Committee on Small Business. Rep. Knight and Rep. Lamar Smith (R-Texas), chairman of the Science, Space, and Technology Committee, praised the bill’s passage:
Chairman Smith: “Republicans in Congress are working hard for the top priorities for all small businesses: regulatory relief and pro-growth tax cuts. Innovation for small businesses has also long been instrumental in the success of our country’s small business sector. Today, our committee approved the Small Business Innovation Research and Small Business Technology Transfer Improvements Act of 2017, which makes key improvements to the SBIR and STTR programs. These critical programs have helped to spur small business innovation across multiple sectors of our economy. The $3 billion that these programs award to small businesses annually helps recipients further R&D to create new products and technologies that create thousands of American jobs. This legislation updates these programs to match our ever evolving business environment. I thank Congressman Knight for his long-standing leadership on this important issue and look forward to passing this bill in the House soon.”
Rep. Knight: “H.R. 2763 ultimately helps small businesses advance in innovation and research that will help industries across California and the nation. The advantages of supporting small business in their ventures are endless as some of the greatest entrepreneurial advances in technology originate from the support of the surrounding community and government resources. I am proud to provide legislation that helps entrepreneurs and small business owners expand their reach and make way for the future of innovation.”
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Background
H.R. 2763 was approved by the House Small Business Committee on June 15 by a vote of 19-0.
This legislation will update and strengthen Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs.
Text of the bill can be found here.