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SBIR/STTR Oversight Act

This bill amends the reporting requirements for the SBIR (Small Business Innovation Research) and STTR (Small Business Technology Transfer) programs. The Comptroller General of the United States is required to submit a report on the effectiveness of these programs with respect to diversification of participants and commercialization to the Committees on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives not later than three years after the date of enactment.

Key Points

Report on diversification, commercialization, demographics, efforts to broaden representation, solicitation topics, technology commercialization, and other matters.
The report is to be submitted by the Comptroller General of the United States.
Participating agencies are required to publish their annual reports on the website of such Federal agency as soon as practicable.

Details

The bill also includes a pilot program to accelerate the National Institutes of Health SBIR and STTR awards, aiming to reduce the time for award processing and merit review procedures.