Research Advancing to Market Production for Innovators Act
This bill (S 1396) amends the Small Business Act to improve commercialization outcomes for small businesses participating in the SBIR and STTR programs. It requires federal agencies to include commercialization likelihood and add at least one commercialization expert to peer reviews, shortens review timelines from 1 year to 180 days, and mandates each agency to appoint a Technology Commercialization Official to assist awardees. The bill also establishes a new annual "commercialization impact assessment" to track metrics like sales, outside investment, patents, and spin-out companies from SBIR/STTR projects. These changes directly affect small business innovators receiving SBIR/STTR grants and the federal agencies managing these programs.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2023
Committee Review
Floor Vote
President
Introduced May 2, 2023
Last action Jul 25, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
2
Committee
3
Jul 25, 2023
Upper · Passed
Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.
upper
Jul 19, 2023
Upper · Passed
Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
upper
May 2, 2023
Committee
Read twice and referred to the Committee on Small Business and Entrepreneurship.
upper
May 2, 2023
Introduced
Introduced in Senate
upper
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Christopher A. Coons
DDemocratic
Co
Marco Rubio
RRepublican
Co
Maria Cantwell
DDemocratic
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