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US HB4775
Bill
Status
7/25/2025
Primary Sponsor
Derek Tran
Click for details
AI Summary
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Extends the due diligence program for assessing security risks in SBIR/STTR programs from September 30, 2025 to September 30, 2030
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Small businesses majority-owned by venture capital firms, hedge funds, or private equity firms become ineligible for SBIR awards if determined to be owned or controlled by a covered foreign entity
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SBA Administrator must evaluate whether applicant small businesses are direct or indirect subsidiaries of foreign-owned firms when determining eligibility
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"Covered foreign entity" includes foreign entities of concern, governments of foreign countries of concern, non-U.S. citizens/residents, entities organized in foreign countries of concern, and persons owning 25% or more equity in such entities
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Applies only to SBIR awards made after the bill's enactment date
Legislative Description
SBIR/STTR Foreign Interference Safeguard Act
Commerce
Last Action
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.
7/25/2025