Bill > HR4777

This bill, titled the INNOVATE Act (Investing in National Next-Generation Opportunities for Venture Acceleration and Technological Excellence), aims to improve the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs through a comprehensive set of reforms. The bill introduces several key provisions, including creating a new Phase 1A program to encourage new entrants into the SBIR program with smaller, more accessible awards; enhancing strategic breakthrough funding by allowing agencies to award up to $30 million to small businesses with proven track records; strengthening research security by implementing more rigorous due diligence processes to assess national security risks; and expanding outreach to rural communities to increase participation in these innovation programs. The bill also modifies existing program rules by limiting the number of proposals a small business can submit, requiring fixed-price contracts, and extending program authorization through 2028. Additionally, the legislation includes provisions to combat discriminatory practices, protect intellectual property, and ensure that small businesses with potential national security risks are carefully evaluated. The changes are designed to make the SBIR and STTR programs more accessible, secure, and effective at supporting innovative small businesses across the United States.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/4777/all-info