SBIR/STTR Oversight Act

(1) in subsection (g)(9)—

(A) by inserting the House Committee on Small Business, Senate Committee on Small Business and Entrepreneurship, after SBIR program to;

(B) by inserting a comma after Administration; and

(C) by inserting after Technology Policy the following: and publish such report on the website of such Federal agency as soon as practicable;

(2) in subsection (o)(10)—

(A) by inserting House Committee on Small Business, Senate Committee on Small Business and Entrepreneurship, after STTR program to;

(B) by inserting a comma after Administration; and

(C) by inserting after Technology Policy the following: and publish such report on the website of such Federal agency as soon as practicable; and

(3) in subsection (gg)(6), by inserting Congress and after agency to.

Not later than three years after the date of the enactment of this Act, the Comptroller General of the United States shall submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a report on the effectiveness of the SBIR and STTR programs with respect to diversification of participants and commercialization.

The report shall include, to the extent practicable, an assessment of—

(1) the demographics of small business concerns receiving SBIR or STTR awards, including new entrants and underrepresented groups;

(2) the efforts of participating agencies to broaden representation and participation of new entrants and underrepresented groups in the SBIR and STTR programs;

(3) how participating agencies develop solicitation topics and attract applicants;

(4) the efforts of participating agencies to support technology commercialization;

(5) the extent to which the SBIR and STTR awards made by each participating agency align with the research priorities and technology needs of that participating agency; and

(6) such other matters as the Comptroller General, in consultation with the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives, determines appropriate.

In this section:

The terms Federal agency, SBIR, and STTR have the meanings given such terms in section 9(e) of the Small Business Act (15 U.S.C. 638(e)).

The term new entrant means a small business concern that has not previously received an SBIR or STTR award.

The term underrepresented groups means small business concerns located in States with respect to which a low level of SBIR and STTR awards have historically been awarded, small business concerns owned and controlled by women, and small business concerns owned and controlled by socially and economically disadvantaged individuals.

The term participating agency means a Federal agency carrying out an SBIR or STTR program under section 9 of the Small Business Act (15 U.S.C. 638).

The term small business concern has the meaning given such term under section 3 of the Small Business Act (15 U.S.C. 632).

The terms small business concern owned and controlled by socially and economically disadvantaged individuals and small business concern owned and controlled by women have the meanings given such terms in section 8(d) of the Small Business Act (15 U.S.C. 637(d)).

(1) in the matter preceding clause (i), by striking 3 years and inserting 11 years;

(2) in clause (i), by striking and at the end;

(3) by redesignating clause (ii) as clause (iii); and

(4) by inserting after clause (i) the following new clause:

(ii) provides the average and median amount of time that each Federal agency with an SBIR or STTR program takes to review and make a final decision on proposals submitted under the program; and

Section 9(hh) of the Small Business Act (15 U.S.C. 638(hh)) is amended by adding at the end the following new paragraph:

Not later than 1 year after the date of the enactment of this paragraph, the Director of the National Institutes of Health shall establish a pilot program to reduce the time for awards under the SBIR and STTR programs of the National Institutes of Health.

In carrying out the pilot program under subparagraph (A), the Director shall develop simplified and standardized procedures across all relevant awarding offices at the National Institutes of Health and reduce the amount of time between the provision of notice of such awards and the subsequent release of funding with respect to the awards to be as close to 90 days as possible.

Under the pilot program under subparagraph (A), the Director of the National Institutes of Health may, with respect to awards under the SBIR and STTR programs of the National Institute of Health, use such peer review procedures (including consultation with appropriate scientific experts) as the Director determines to be appropriate to obtain assessments of scientific and technical merit and potential for commercialization.

The use of peer review procedures under clause (i) shall be deemed to fulfill any requirements applicable to the award under the SBIR or STTR program of the National Institute of Health under sections 406(a)(3)(A) and 492 of the Public Health Service Act (42 U.S.C. 284a(a)(3)(A); 289a).

The pilot program under subparagraph (A) shall terminate on September 30, 2030.

Not later than three years after the date of enactment of this Act, the Director of the National Institutes of Health shall submit to the Committees on Small Business and Science, Space, and Technology of the House of Representatives and the Committee on Small Business and Entrepreneurship of the Senate an evaluation of the pilot program established under paragraph (3) of section 9(hh) of the Small Business Act (15 U.S.C. 638(hh)), as added by subsection (a), including an analysis of the peer review procedures used under subparagraph (C) of such paragraph and the effects on award times.