S. 3971
Small Business Innovation and Economic Security Act
Summary:
• Extends the SBIR and STTR programs from September 30, 2025 to September 30, 2031
• Establishes new security screening requirements for small business concerns, including evaluation of security risks through due diligence processes and coordination with intelligence agencies
• Creates a new "strategic breakthrough allocation" allowing federal agencies to award up to $30,000,000 to qualifying small businesses for Phase II projects
• Establishes new security screening requirements for small business concerns, including evaluation of security risks through due diligence processes and coordination with intelligence agencies
• Creates a new "strategic breakthrough allocation" allowing federal agencies to award up to $30,000,000 to qualifying small businesses for Phase II projects