A repost from Small Business Technology Council – see the original post HERE
The House of Representatives this afternoon passed a 5 and a half year reauthorization of the SBIR/STTR programs by a vote of 345-41 S. 3971, the “Small Business Innovation and Economic Security Act” was passed by the Senate 2 weeks ago, and will now go to the President’s desk for his signature.
Historically, the President signing a popular bipartisan bill is usually a pro forma act, however President Trump has recently announced he will not sign any bills until the “Save America Act” is passed. This bill has been blocked by Democrats in the Senate and is unlikely to pass soon, so if he holds true to his threat, it will take a couple more weeks until SBIR is legally reauthorized. Once a bill is passed by Congress, it is presented to the President, who has 10 days (excepting Sundays) to sign or veto it. If he hasn’t signed or vetoed the bill after 10 days while Congress is still in session, the bill becomes law.
SBTC appreciates to members of the House and Senate who have worked hard to forge a compromise bill to reauthorize the SBIR/STTR programs under difficult circumstances. We are grateful to Chair Williams and Ranking Member Velazquez from the House Small Business Committee and Chair Ernst and Ranking Member Markey of the Senate Small Business Committee for their efforts in restoring authority to these essential small business innovation programs.
We will continue to provide updates on the status of this bill and let you know if and when it officially becomes law.
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