S. 3362, The SBIR/STTR Reauthorization Act of 2008

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S. 3362 would reauthorize and improve the SBIR and STTR programs.

Detailed Summary

SBIR/STTR Reauthorization Act of 2008 - Amends the Small Business Act with respect to: (1) authorization of the Small Business Innovation Research (SBIR) program and the Small Business Technology Transfer (STTR) program; (2) a Small Business Administration (SBA) Office of Technology; (3) set-asides and award levels; (4) allowance of awards for subsequent phases at another agency and under either program; (5) phase II invitation requirements; (6) allow majority-venture investment in SBIR firms; (7) special acquisition preferences for SBIR and STTR phase III awards; (8) collaboration requirements between SBIR/STTR participants and federal laboratories and research and development centers; (9) the Federal and State Technology Partnership (FAST) and Rural Outreach programs; (10) a workforce development pilot program; (11) technical assistance expenditures for SBIR and STTR awardees; (12) extension of the commercialization pilot program of the Department of Defense (DOD); (13) creation by agencies other than DOD of innovation development transition pilot programs; (14) submission of applications for the support of nanotechnology-related projects; (15) an advisory board to assess SBIR program management and effectiveness; (16) SBIR and STTR oversight and evaluation, including data collection procedures and public and government database information requirements; (17) federal compliance with SBIR and STTR funding allocation requirements; (18) continued National Academy of Sciences evaluation of the SBIR program; (19) report information concerning SBIR and STTR phase III awards; and (20) a Government Accountability Office (GAO) study concerning intellectual property protections under SBIR and STTR programs.

Status of the Legislation

Latest Major Action: 8/22/2008: Placed on Senate Legislative Calendar under General Orders. Calendar No. 943.

Points in Favor

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Points Against

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