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Amends 15 U.S.C. 657d(i) by striking the previous expiration date 'September 30, 2005' and inserting 'September 30, 2030', thereby extending the FAST program's statutory expiration/sunset date to September 30, 2030.
Modifies subsection 9(mm)(1) by adjusting punctuation in existing subparagraphs (J) and (K) and adding a new subparagraph (L) requiring assistance to small business concerns applying to SBIR or STTR programs and to carry out certain policy directives to increase participation of states with low historical SBIR/STTR awards.
This bill aims to help more small businesses and researchers take part in the SBIR and STTR programs. It directs the Small Business Administration (SBA) to provide hands-on help with applications, especially in states that have gotten few awards in the past. It also extends the FAST Program through September 30, 2030, so local partners can keep helping entrepreneurs for several more years.
The bill requires stronger outreach to people doing research at minority-serving and Hispanic-serving colleges. The SBA must update its policies within 90 days after the law takes effect to boost participation in the SBIR program, and add similar outreach steps in the STTR program.
Referred to the Committee on Small Business, and in addition to the Committee on Science, Space, 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.
Introduced July 17, 2025 by Kelly Morrison · Last progress July 17, 2025
Referred to the Committee on Small Business, and in addition to the Committee on Science, Space, 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.
Introduced in House