,,ib  ,union ,cal5d> ,no4 #fhg  #aad?   
,,congress  #b;d ,session  ,h4 ,r4 #dghc
  ,report ,no4 #aad-gje1 ,"p ,i  ,,9 ,,!
 ,,h\se ,,( ,,repres5tatives  ,m>* #ag1 
#bjaf ,mr4 ,*abot 7= himself & ,ms4     
,velzquez7 introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,small      
,bus9ess1 & 9 addition to ! ,committee  
on ,sci5ce1 ,space1 & ,te*nology1 = a   
p]iod to be subsequ5tly det]m9$ by !    
,speak]1 9 ea* case = consid]ation ( su*
 provisions z fall )9 ! jurisdiction ( !
 committee conc]n$  ,july #be1 #bjaf    
,report$ f ! ,committee on ,small       
,bus9ess ,/rike out all aft] ! enact+   
clause & ins]t ! "p pr9t$ 9 italic      
,july #be1 #bjaf ,ref]ral to !          
,committee on ,sci5ce1 ,space1 &        
,te*nology ext5d$ = a p]iod end+ n lat] 
?an ,decemb] #af1 #bjaf  ,decemb] #af1  
#bjaf ,! ,committee on ,sci5ce1 ,space1 
& ,te*nology dis*>g$2 committ$ to !     
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union & ord]$ to be pr9t$ ,= text (  
introduc$ bill1 see copy ( bill z       

introduc$ on ,m>* #ag1 #bjaf  ,a ,,bill 
,to reau?orize & improve ! ,small       
,bus9ess ,innovation ,rese>* ,program & 
! ,small ,bus9ess ,te*nology ,transf]   
,program1 & = o!r purposes4  #a4 ,%ort  
title ,?is ,act may be cit$ z !         
,comm]cializ+ on ,small ,bus9ess        
,innovation ,act ( #bjaf4  #b4 ,ext5sion
 ( t]m9ation dates  7a7 ,,sbir ,section 
#i7m7 ( ! ,small ,bus9ess ,act 7#ae     
,u4,s4,c4 #fch7m77 is am5d$ by /rik+    
#bjag & ins]t+ #bjbb4  7b7 ,,/tr        
,section #i7n77#a77;,a7 ( ! ,small      
,bus9ess ,act 7#ae ,u4,s4,c4            
#fch7n77#a77;,a77 is am5d$ by /rik+     
#bjag & ins]t+ #bjbb4  7c7 ,adm9i/rative
 fund+ ,section #i7mm77#a7 ( ! ,small   
,bus9ess ,act 7#ae ,u4,s4,c4            
#fch7mm77#a77 is am5d$ by /rik+ #bjag & 
ins]t+ #bjbb4  #c4 ,requir$ exp5diture  
am\nts  7a7 ,,sbir ,section #i7;f77#a7 (
 ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4  
#fch7;f77#a77 is am5d$-- 7#a7 9         
subp>agraph 7,h71 by /rik+ ! & at ! end2
  7#b7 9 subp>agraph 7,i71 by /rik+ &   

ea* fiscal ye> !reaft]1 & ins]t+ a      
semicolon2 &  7#c7 by ins]t+ aft]       
subp>agraph 7,i7 ! foll[+ new           
subp>agraphs3  7,j7 n less ?an #c4df    
p]c5t ( su* budget 9 fiscal ye> #bjah2  
7,k7 n less ?an #c4gb p]c5t ( su* budget
 9 fiscal ye> #bjai2  7,l7 n less ?an   
#c4ih p]c5t ( su* budget 9 fiscal ye>   
#bjbj2  7,m7 n less ?an #d4bd p]c5t (   
su* budget 9 fiscal ye> #bjba2 &  7,n7 n
 less ?an #d4ej p]c5t ( su* budget 9    
fiscal ye> #bjbb & ea* fiscal ye>       
!reaft]1  4  7b7 ,,/tr ,section         
#i7n77#a77;,b7 ( ! ,small ,bus9ess ,act 
7#ae ,u4,s4,c4 #fch7n77#a77;,b77 is     
am5d$--  7#a7 9 clause 7iv71 by /rik+ ! 
& at ! end2  7#b7 9 clause 7v71 by /rik+
 = fiscal ye> #bjaf & ea* fiscal ye>    
!reaft]4 & ins]t+ = ea* ( fiscal ye>s   
#bjaf & #bjag2 2 &  7#c7 by add+ at !   
end ! foll[+ new clauses3  7vi7 #j4ej   
p]c5t = ea* ( fiscal ye>s #bjah & #bjai2
  7vii7 #j4ee p]c5t = ea* ( fiscal ye>s 
#bjbj & #bjba2 &  7viii7 #j4fj p]c5t =  
fiscal ye> #bjbb & ea* fiscal ye>       

!reaft]4  4  #d4 ,report+ requirem5ts   
7a7 ,annual report to ,congress ,section
 #i7;b77#g7 ( ! ,small ,bus9ess ,act    
7#ae ,u4,s4,c4 #fch7;b77#g77 is am5d$ by
 /rik+ to report n less ?an annually &  
ins]t+ to submit a report n lat] ?an    
,decemb] #ca ( ea* ye>4  7b7 ,annual    
reports to ! ,adm9i/rator requir$ to be 
submitt$ n lat] ?an ,m>* #cj ( ea* ye>  
,section #i ( ! ,small ,bus9ess ,act    
7#ae ,u4,s4,c4 #fch7 is am5d$--  7#a7 9 
subsection 7g77#i71 by /rik+ make an    
annual report & ins]t+ n lat] ?an ,m>*  
#cj ( ea* ye>1 submit a report2  7#b7 9 
subsection 7i77#a71 by /rik+ %all report
 annually to ! ,small ,bus9ess          
,adm9i/ration & ins]t+ %all1 n lat] ?an 
,m>* #cj ( ea* ye>1 submit a report to !
 ,small ,bus9ess ,adm9i/ration t        
includes2  7#c7 9 subsection 7j7-- 7,a7 
9 p>agraph 7#a77;,e71 by /rik+          
simplifi$1 /&>diz$1 & timely annual     
report & ins]t+ n lat] ?an ,m>* #cj (   
ea* ye>1 a simplifi$ & /&>diz$ report2 &
  7,b7 9 p>agraph 7#c77;,c71 by /rik+ to

 require ag5cies to report to !         
,adm9i/ration1 n less frequ5tly ?an     
annually1 all in/ances 9 :i* an & ins]t+
 to require ea* ag5cy1 n lat] ?an ,m>*  
#cj ( ea* ye>1 to submit a report to !  
,adm9i/ration on all in/ance 9 :i* !2   
7#d7 9 subsection 7o77#aj71 by /rik+    
submit an annual report & ins]t+ n lat] 
?an ,m>* #cj ( ea* ye>1 submit a report2
  7#e7 9 subsection 7y77#f77;,c71 by    
/rik+ submit & ins]t+ n lat] ?an ,m>*   
#cj ( ea* ye>1 submit2  7#f7 9          
subsection 7dd77#d77;,a71 by /rik+ &    
submit & ins]t+ &1 n lat] ?an ,m>* #cj (
 ea* ye>1 submit2  7#g7 9 subsection    
7gg77#f71 by /rik+ include 9 ! annual & 
ins]t+ include1 n lat] ?an ,m>* #cj (   
ea* ye>1 a2  7#h7 9 subsection 7ii7 by  
ins]t+ 1 n lat] ?an ,m>* #cj ( ea* ye>1 
aft] %all2  7#i7 9 subsection 7mm77#f71 
by ins]t+ 1 n lat] ?an ,june #cj ( ea*  
ye>1 aft] %all2  7#aj7 9 subsection     
7nn77#c77;,a7--  7,a7 by /rik+ an annual
 & ins]t+ a 2 &  7,b7 by ins]t+ 1 n lat]
 ?an ,m>* #cj ( ea* ye>1 aft] %all2 &   

7#aa7 9 subsection 7ss71 by /rik+       
,octob] #a1 #bjac1 & annually !reaft]1 &
 ins]t+ ,m>* #cj ( ea* ye>14  7c7       
,failure to report adm9i/rative funds   
,section #i7mm7 ( ! ,small ,bus9ess ,act
 7#ae ,u4,s4,c4 #fch7mm77 is am5d$ by   
add+ at ! end ! foll[+ new p>agraph3    
7#g7 ,failure to report adm9i/rative    
funds  7,a7 ,9 g5]al ,n lat] ?an ,m>*   
#cj foll[+ ea* fiscal ye> = :i* funds   
are au?oriz$ to be us$ by a ,f$]al ag5cy
 "u p>agraph 7#a71 ! ,f$]al ag5cy %all  
submit a report to ! ,adm9i/rator t     
id5tifies h[ ! ,f$]al ag5cy us$ su*     
funds dur+ su* fiscal ye>4  7,b7        
,failure to submit a report ,if a ,f$]al
 ag5cy fails to submit a report requir$ 
"u subp>agraph 7,a71 p>agraph 7#a7 %all 
n apply to su* ,f$]al ag5cy unless--    
7i7 su* report is submitt$2 &  7ii7 su* 
,f$]al ag5cy submits an additional      
report to ! ,adm9i/rator t id5tifies h[ 
su* ,f$]al ag5cy plans to ensure timely 
report+ "u ?is p>agraph4  4  #e4 ,index+
 aw>ds = inflation ,section #i ( !      

,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fch7 is am5d$-- 7#a7 9 subsection      
7j77#b7--  7,a7 by /rik+ subp>agraph    
7,d72  7,b7 by r$esignat+ subp>agraphs  
7,e7 ?r\gh 7,i7 z subp>agraphs 7,d7     
?r\gh 7,h71 respectively2 &  7,c7 9     
subp>agraph 7,h71 z s r$esignat$1 by    
/rik+ subp>agraph 7,h7 & ins]t+         
subp>agraph 7,g72  7#b7 9 subsection    
7p77#b77;,b7--  7,a7 9 clause 7vii71 by 
add+ & at ! end2  7,b7 9 clause 7viii71 
by /rik+ & at ! end2 &  7,c7 by /rik+   
clause 7ix72  7#c7 9 subsection         
7gg77#c71 by /rik+ aw>ds "u subsection  
7j77#b77;,d7 or 7p77#b77;,b77ix74 &     
ins]t+ aw>ds "u subsection 7tt77#b742 & 
7#d7 by add+ at ! end ! foll[+ new      
subsection3  7tt7 ,aw>ds "u ,phase ,i & 
,phase ,,ii adju/$ = inflation  7#a7    
,phase ,i aw>ds ,an aw>d = ,phase ,i (  
an ,,sbir or ,,/tr program may n exce$  
#aej1jjj4  7#b7 ,phase ,,ii aw>ds ,an   
aw>d = ,phase ,,ii ( an ,,sbir or ,,/tr 
program may n exce$ #a1jjj1jjj4  7#c7   
,adju/m5t = inflation ,! ,adm9i/rator   

%all adju/ ! doll> am\nts "u p>agraphs  
7#a7 & 7#b7 = inflation 9 accordance )  
section #aijh ( title #da1 ,unit$ ,/ates
 ,code4  4  #f4 ,requirem5ts = ins]tion 
inc5tives ,section #i7y77#e7 ( ! ,small 
,bus9ess ,act 7#ae ,u4,s4,c4            
#fch7y77#e77 is am5d$ by /rik+ is       
au?oriz$ to & ins]t+ %all4  #g4         
,cl>ification ( eligibility ( c]ta9     
small bus9esses  7a7 ,,sbir ,section    
#i7;j7 ( ! ,small ,bus9ess ,act 7#ae    
,u4,s4,c4 #fch7;j77 is am5d$ by add+ at 
! end ! foll[+ new p>agraph3  7#d7      
,modification to cl>ify eligibility (   
c]ta9 small bus9esses ,n lat] ?an #ahj  
days aft] ! date ( ! enactm5t ( !       
,comm]cializ+ on ,small ,bus9ess        
,innovation ,act ( #bjaf1 ! ,adm9i/rator
 %all modify ! policy directives issu$  
pursuant to ?is subsection to cl>ify t !
 small bus9ess conc]ns describ$ 9       
subp>agraphs 7,b71 7,c71 & 7,d7 (       
section #c7p77#c7 are eligible to       
receive aw>ds "u ! ,,sbir program4  4   
7b7 ,,/tr ,section #i7p7 ( ! ,small     

,bus9ess ,act 7#ae ,u4,s4,c4 #fch7p77 is
 am5d$ by add+ at ! end ! foll[+ new    
p>agraph3  7#d7 ,modification to cl>ify 
eligibility ( c]ta9 small bus9esses ,n  
lat] ?an #ahj days aft] ! date ( !      
enactm5t ( ! ,comm]cializ+ on ,small    
,bus9ess ,innovation ,act ( #bjaf1 !    
,adm9i/rator %all modify ! policy       
directives issu$ pursuant to ?is        
subsection to cl>ify t ! small bus9ess  
conc]ns describ$ 9 subp>agraphs 7,b71   
7,c71 & 7,d7 ( section #c7p77#c7 are    
eligible to receive aw>ds "u ! ,,/tr    
program4  4  #h4 ,comm]cialization      
,assi/ance ,pilot ,program ,section #i (
 ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4  
#fch71 z am5d$ by section #e1 is fur!r  
am5d$ by add+ at ! end ! foll[+ new     
subsection3  7uu7 ,comm]cialization     
,assi/ance ,pilot ,programs  7#a7 ,pilot
 programs implem5t$  7,a7 ,9 g5]al      
,except z provid$ 9 subp>agraph 7,b71 n 
lat] ?an "o ye> aft] ! date ( ! enactm5t
 ( ,comm]cializ+ on ,small ,bus9ess     
,innovation ,act ( #bjaf1 a cov]$ ag5cy 

%all implem5t a comm]cialization        
assi/ance pilot program to aw>d eligible
 entities ) a second sequ5tial ,,sbir   
aw>d4  7,b7 ,exception ,if !            
,adm9i/rator det]m9es t a cov]$ ag5cy   
has a program t is suffici5tly simil> to
 a comm]cialization assi/ance pilot     
program1 su* ag5cy %all n be requir$ to 
implem5t a comm]cialization assi/ance   
pilot program "u subp>agraph 7,a74  7,c7
 ,p]c5t ( ag5cy funds ,a cov]$ ag5cy may
 n use m ?an #e p]c5t ( its total ,,sbir
 budget = aw>ds "u ! comm]cialization   
assi/ance pilot program4  7,d7          
,t]m9ation ,! comm]cialization assi/ance
 pilot programs %all t]m9ate on         
,septemb] #cj1 #bjbb4  7#b7 ,mat*+      
,requirem5t  7,a7 ,9 g5]al ,!           
,adm9i/rator %all require z a condition 
( any aw>d made to an eligible entity "u
 a comm]cialization assi/ance pilot     
program1 t a mat*+ am\nt 7exclud+ any   
fees collect$ f recipi5ts ( su*         
assi/ance7 equal to ! am\nt ( su* aw>d  
be provid$ f an eligible ?ird-p>ty      

inve/or1 be=e ! end ( ! comm]cialization
 assi/ance pilot program aw>d4  7,b7    
,ineligible fund+ ,an eligible entity   
may n use fund+ f ineligible s\rces to  
meet ! mat*+ requirem5t ( subp>agraph   
7,a74  7#c7 ,aw>d  7,a7 ,size ( aw>d ,an
 aw>d "u ?is subsection may n exce$ !   
limitations 9 subsection 7aa77#a74  7,b7
 ,tim+ ,aw>ds provid$ "u !              
comm]cialization assi/ance pilot program
 %all be di/ribut$ dur+ ! ,phase ,,ii   
aw>d p]iod ( ! recipi5t eligible entity4
  7#d7 ,application ,9 ord] to be       
select$ to receive a second sequ5tial   
,,sbir aw>d "u a comm]cialization       
assi/ance pilot program1 an eligible    
entity %all submit to ! cov]$ ag5cy     
implem5t+ su* pilot program-- 7,a7 an   
application at su* "t1 9 su* mann]1 &   
conta9+ su* in=mation z ! cov]$ ag5cy   
may require2 &  7,b7 ! s\rce & am\nt ( !
 mat*+ fund+ requir$ "u p>agraph 7#b74  
7#e7 ,use ( ,funds ,! funds aw>d$ "u a  
comm]cialization assi/ance pilot program
 may only be us$ = rese>* & developm5t  

activities t build on ! eligible        
entity's ,phase ,,ii program & catalyze 
accel]ation t[>ds comm]cialization4     
7#f7 ,det]m9ation ( recipi5ts ,9 det]m9+
 :i* applicants receive aw>ds "u !      
comm]cialization assi/ance pilot        
program1 ! head ( a cov]$ ag5cy %all    
consid]-- 7,a7 ! ext5t to :i* !         
supplem5tal funds aw>d$ "u ! pilot      
program c\ld aid ! applicant            
comm]cialize its rese>*2  7,b7 :e!r !   
propos$ plan provides a s\nd approa* =  
e/abli%+ te*nical feasibility t c\ld    
lead to comm]cialization2  7,c7 :e!r !  
propos$ activity reflect *anges to !    
,phase ,,ii comm]cialization plan t     
fur!r improves ! *ances ( conv]sion (   
rese>* 9 ord] to provide societal       
b5efits2  7,d7 :e!r ! small bus9ess     
conc]n has progress$ satisfactorily 9 ! 
,phase ,,ii activity to ju/ify          
additional fund+2  7,e7 ! expectations (
 ! ?ird-p>ty fund+2 &  7,f7 ! likelihood
 t ! ?ird-p>ty fund$ activity w lead to 
comm]cial & societal b5efit4  7#g7      

,evaluation ,report ,n lat] ?an #c ye>s 
aft] ! date ( ! enactm5t ( ,comm]cializ+
 on ,small ,bus9ess ,innovation ,act (  
#bjaf1 ! ,comptroll] ,g5]al ( ! ,unit$  
,/ates %all submit to ! ,committee on   
,sci5ce1 ,space1 & ,te*nology & !       
,committee on ,small ,bus9ess ( ! ,h\se 
( ,repres5tatives & ! ,committee on     
,small ,bus9ess & ,entrepr5eur%ip ( !   
,s5ate an evaluative report t includes--
  7,a7 a summ>y ( ! activities ( !      
comm]cialization assi/ance pilot        
programs2  7,b7 a detail$ compilation ( 
results a*iev$ by ! comm]cialization    
assi/ance pilot programs1 includ+ !     
numb] ( small bus9ess conc]ns t receiv$ 
aw>ds "u ! pilot program2  7,c7 ! rate  
at :i* ! recipi5ts "u ! pilot program   
comm]cializ$ _! rese>*2  7,d7 ! gr[? 9  
employm5t & rev5ue ( companies t        
p>ticipat$ 9 ! pilot program2  7,e7 a   
comp>ison ( comm]cialization success (  
pilot program p>ticipants & recipi5ts ( 
a non-mat*+ sequ5tial ,phase ,,ii aw>d2 
7,f7 demographic in=mation su* z        

e?nicity & geographic location (        
p>ticipant companies2  7,g7 an acc\nt+ (
 ! funds us$ at ea* p>ticipat+ ag5cy 9 !
 pilot program2  7,h7 a di/ribution (   
?ird-p>ty fund+ by s\rce2  7,i7 an      
analysis ( ! program's effectiv5ess at  
ea* p>ticipat+ ag5cy2 &  7,j7           
recomm5dations = improvem5t to ! pilot  
program1 9 ! case t ,congress 7 to make 
x p]man5t4  7#h7 ,def9itions ,= purposes
 ( ?is subsection3 7,a7 ,cov]$ ag5cy ,! 
t]m cov]$ ag5cy means a ,f$]al ag5cy    
requir$ to h an ,,sbir program4  7,b7   
,eligible entity ,! t]m eligible entity 
means a small bus9ess conc]n t has      
receiv$ a ,phase ,,ii aw>d & a ,phase   
,,ii sequ5tial aw>d f ! cov]$ ag5cy to  
:i* su* entity is apply+ = a second     
sequ5tial ,,sbir aw>d4  7,c7 ,eligible  
?ird-p>ty inve/or ,! t]m eligible       
?ird-p>ty inve/ors means a small bus9ess
 conc]n o!r ?an ! eligible entity1 a    
v5ture capital firm1 an individual      
inve/or1 a non-,,sbir ,f$]al1 ,/ate or  
local gov]nm5t1 or any comb9ation !re(4 

7,d7 ,ineligible s\rces ,! t]m          
ineligible s\rces means ! foll[+3 7i7 ,!
 aw>dee's int]nal rese>* & developm5t   
funds4  7ii7 ,fund+ 9 =ms o!r ?an ca%   
su* z 9-k9d or o!r intangible assets4   
7iii7 ,fund+ f ! own]s ( ! eligible     
entity1 or ! family memb]s or affiliates
 ( su* own]s4  7iv7 ,fund+ atta9$ ?r\gh 
loans or o!r =ms ( debt obligations4  4 
#i4 ,increas$ und]s]v$ population       
p>ticipation waiv] remov$  7a7 ,9 g5]al 
,section #i7mm77#b7 ( ! ,small ,bus9ess 
,act 7#ae ,u4,s4,c4 #fch7mm77#b77 is    
am5d$ to read z foll[s3  7#b7 ,outrea* &
 te*nical assi/ance ,a ,f$]al ag5cy     
p>ticipat+ 9 ! program "u ?is subsection
 %all use a portion ( ! funds au?oriz$ =
 uses "u p>agraph 7#a7 to c>ry out !    
policy directive requir$ "u subsection  
7j77#b77;,f7 & to increase !            
p>ticipation ( ,/ates ) respect to :i* a
 l[ level ( ,,sbir aw>ds h hi/orically  
be5 aw>d$4  4  7b7 ,con=m+ am5dm5t      
,section #i7mm77#f7 ( ! ,small ,bus9ess 
,act 7#ae ,u4,s4,c4 #fch7mm77#f77 is    

am5d$ by /rik+ 7,a7 & any use ( ! waiv] 
au?ority "u p>agraph 7#b77;,b74         
,decemb] #af1 #bjaf ,! ,committee on    
,sci5ce1 ,space1 & ,te*nology dis*>g$2  
committ$ to ! ,committee ( ! ,:ole ,h\se
 on ! ,/ate ( ! ,union & ord]$ to be    
pr9t$