H.R.206 - Encouraging Small Business Innovation Act116th Congress (2019-2020) |
|Sponsor:||Rep. Rouda, Harley [D-CA-48] (Introduced 01/03/2019)|
|Committees:||House - Small Business; Science, Space, and Technology | Senate - Small Business and Entrepreneurship|
|Latest Action:||Senate - 01/15/2019 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. (All Actions)|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.206 — 116th Congress (2019-2020)All Information (Except Text)
Passed House (01/14/2019)
Encouraging Small Business Innovation Act
This bill expands and otherwise revises certain requirements for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs. Specifically, it includes small business investment companies (SBICs) in such programs.
SBICs are included as a type of investor whose investment must be considered for various purposes under the programs.
The bill requires the Small Business Administration (SBA), when calculating the outstanding leverage of an SBIC, to exclude investments made in SBIR and STTR participants. Under current law, SBICs are subject to a limit on their outstanding leverage.
Finally, the bill (1) encourages participation in the SBA mentor-protege program by past small business SBIR and STTR program participants and (2) sets forth provisions to increase participation of states to which a low level of SBIR awards have historically been awarded.