S.1573 - SBIR/STTR Reauthorization Act of 2025 (119th Congress)
Summary
The SBIR/STTR Reauthorization Act of 2025 aims to reauthorize and modify the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. It focuses on enhancing competition, improving commercialization, establishing pilot programs, and implementing oversight and simplification initiatives. The Act also includes technical changes to improve the programs' effectiveness and reach.
Expected Effects
The Act will likely lead to increased funding for SBIR/STTR programs, expanded opportunities for small businesses, and improved commercialization of innovative technologies. It also seeks to broaden participation in these programs, particularly among underrepresented groups and institutions. Ultimately, this could foster economic growth and technological advancement.
Potential Benefits
- Increased funding and set-asides for SBIR/STTR programs, promoting innovation.
- Enhanced outreach and application assistance for underrepresented groups and minority institutions.
- Improved technical and business assistance for small businesses participating in the programs.
- Streamlined processes and reporting requirements, reducing administrative burdens.
- Extension of pilot programs and authorities, allowing for continued experimentation and adaptation.
Potential Disadvantages
- Potential for increased administrative costs associated with new reporting requirements and pilot programs.
- Risk of inefficient allocation of funds if oversight and evaluation are not effectively implemented.
- Possible delays in program implementation due to the need for new regulations and procedures.
- The Act's complexity may create confusion among small businesses and federal agencies.
- Some provisions may disproportionately benefit certain types of small businesses over others.
Constitutional Alignment
The Act appears to align with the spirit of the Constitution, particularly the General Welfare Clause (Article I, Section 8), which allows Congress to enact laws that promote the overall well-being of the nation. By supporting small businesses and fostering innovation, the Act aims to stimulate economic growth and technological advancement, contributing to the general welfare. The Act does not appear to infringe upon any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).