SBIR/STTR Oversight Act
Summary
The SBIR/STTR Oversight Act aims to improve the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. It focuses on enhancing reporting requirements, promoting diversification and commercialization, and accelerating the evaluation process for awards, particularly at the National Institutes of Health (NIH). The Act seeks to make the programs more transparent and efficient.
Expected Effects
The Act will likely lead to increased oversight and accountability of the SBIR/STTR programs through enhanced reporting to Congress and the public. It may also result in a broader range of participants and improved commercialization outcomes. The pilot program at NIH could expedite the award process, benefiting small businesses in the health sector.
Potential Benefits
- Increased transparency through mandatory publication of reports on federal agency websites.
- Enhanced diversification of SBIR/STTR program participants, including new entrants and underrepresented groups.
- Improved technology commercialization efforts supported by participating agencies.
- Accelerated award process at the National Institutes of Health (NIH) through a pilot program.
- Extended reporting on award timeliness, providing more data for program evaluation.
Potential Disadvantages
- Potential for increased administrative burden on federal agencies due to enhanced reporting requirements.
- The effectiveness of diversification and commercialization efforts depends on the implementation by participating agencies.
- The pilot program at NIH is temporary and its long-term impact is uncertain.
- The Act relies on the Comptroller General's report, which may have limitations in its assessment.
- There might be unintended consequences from altering the peer review procedures at NIH.
Constitutional Alignment
The Act aligns with the Constitution's Article I, Section 8, which grants Congress the power to promote the progress of science and useful arts. By improving the SBIR/STTR programs, the Act supports innovation and technological advancement, which falls under this constitutional mandate. The reporting requirements also ensure transparency and accountability to Congress, reinforcing its oversight role.
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).