SBIR/STTR Foreign Interference Safeguard Act

This bill prevents small businesses majority-owned by venture capital, hedge funds, or private equity firms from receiving SBIR/STTR grants if they are tied to foreign governments, sanctioned entities, or individuals acting on their behalf. The Small Business Administration must block such businesses from future grants based on a new definition of "covered foreign entities," which includes foreign governments, entities on sanctions lists, and those with significant ties to prohibited foreign actors. It extends a security review program for these grants through 2030 and applies only to new awards after the bill’s enactment. The policy change directly affects small business applicants seeking federal innovation funding with foreign-linked ownership structures.