Extends small business research programs and adds new security checks for foreign ties.
This bill would extend government programs that help small businesses develop new technologies until 2031. It would also require federal agencies to perform careful security checks on these businesses, especially regarding foreign ownership or ties to certain foreign entities. Additionally, it would create new funding for large, strategic projects and aim to reduce paperwork for small businesses.
Today, the SBIR and STTR programs, which help small businesses develop new technologies, are set to expire in 2025. This bill would extend these programs until September 30, 2031. It would also add new requirements for federal agencies to conduct security risk evaluations for small businesses seeking these awards, especially regarding foreign ties, which is not as strictly mandated today.
S 3971 · 119th Congress · March 3, 2026 · AI Summary by gemini-2.5-flash · 9/10
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