Enact legislation to extend the SBIR administrative funding allowance through September 30, 2030, raise the funding cap to 3.3%, eliminate the outreach and technical assistance waiver, require the five largest SBIR agencies to transfer at least 10% of administrative funds to the SBA, and require the SBA to report on use of those funds.

The SBIR Administrative Funding Act would: Extend the administrative funding allowance for five years until September 30, 2030, and increase the funding percentage from 3% to 3.3%. Eliminate the outreach and technical assistance waiver... Require the five largest participating SBIR agencies... to transfer at least 10% of their administrative funds to the Small Business Administration (SBA)... Clarify the need for the SBA to report on their uses of these funds.

Latimer introduced legislation to change SBIR administrative funding rules, including extending the allowance through 2030, increasing the cap, removing a waiver, mandating transfers to SBA, and requiring reporting.

Rep. Latimer Introduces Bill to Strengthen Small Business Innovation and Commercialization | Congressman George Latimer
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