Small Business Innovation and Economic Security Act

This bill extends the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs through 2031 and makes changes to how they work. These programs give funding to small businesses to develop new technologies that could become real products. The bill requires government agencies to do more security checks on small businesses applying for awards, limits how many proposals a small business can submit each year, and adds training requirements for government workers who handle these awards. It also creates extra funding for small businesses working on important technology areas, as long as they can show their technology works and get additional funding from other sources.

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