Small Business Innovation and Economic Security Act

This law extends the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs through 2031. These programs give funding to small businesses to work on research projects that could eventually become real products or services. The law adds new rules requiring government agencies to check for security risks when small businesses apply for funding, and it limits how many proposals a small business can submit each year. It also creates extra funding awards for small businesses working on important technology areas, as long as they can show their technology works and get additional money from other sources.

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