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US HB5001
Bill
Status
8/19/2025
Primary Sponsor
Morgan McGarvey
Click for details
AI Summary
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Requires federal agencies to submit SBIR and STTR program annual reports to the House Committee on Small Business and Senate Committee on Small Business and Entrepreneurship, and publish reports on agency websites
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Directs the Comptroller General to submit a report within 3 years assessing SBIR/STTR program effectiveness regarding participant diversification, demographics of award recipients, commercialization efforts, and outreach to underrepresented groups including women-owned and disadvantaged businesses
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Extends the award timeliness reporting requirement from 3 years to 11 years and adds new metrics on average and median time for agencies to review and make final decisions on proposals
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Establishes a pilot program at the National Institutes of Health within 1 year to reduce SBIR/STTR award processing times, targeting 90 days between award notice and funding release, with the program terminating September 30, 2030
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Requires NIH Director to submit an evaluation report within 3 years analyzing the pilot program's peer review procedures and effects on award times
Legislative Description
SBIR/STTR Oversight 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.
8/19/2025