,i #aaeth ,,congress #ast ,session ,h4 ,r4 #bgjb ,,in ,,the ,,house ,,of ,,representatives ,may #be1 #bjag,mr4 ,lawson of ,florida introduced the following bill2 which was referred to the ,committee on ,small ,business1 and in addition to the ,committee on ,science1 ,space1 and ,technology1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to amend the ,small ,business ,act to establish a commercialization assistance pilot program under the ,,sbir program1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,,sbir ,commercialization ,assistance ,act of #bjag4 #b4 ,commercialization ,assistance ,pilot ,program ,section #i of the ,small ,business ,act 7#ae ,u4,s4,c4 #fch7 is amended by adding at the end the following new subsection3 7tt7 ,commercialization assistance pilot programs 7#a7 ,pilot programs implemented 7,a7 ,in general ,except as provided in subparagraph 7,b71 not later than one year after the date of the enactment of this subsection1 a covered agency shall implement a commercialization assistance pilot program1 under which an eligible entity may receive a subsequent ,phase ,,ii ,,sbir award4 7,b7 ,exception ,if the ,administrator determines that a covered agency has a program that is sufficiently similar to the commercialization assistance pilot program established under this subsection1 such covered agency shall not be required to implement a commercialization assistance pilot program under this subsection4 7#b7 ,percent of agency funds ,the head of each covered agency may allocate not more than #e percent of the funds allocated to the ,,sbir program of the covered agency for the purpose of making a subsequent ,phase ,,ii ,,sbir award under the commercialization assistance pilot program4 7#c7 ,termination ,a commercialization assistance pilot program established under this subsection shall terminate on ,september #cj1 #bjbb4 7#d7 ,application ,to be selected to receive a subsequent ,phase ,,ii ,,sbir award under a commercialization assistance pilot program1 an eligible entity shall submit to the covered agency implementing such pilot program an application at such time1 in such manner1 and containing such information as the covered agency may require1 including-- 7,a7 an updated ,phase ,,ii commercialization plan2 and 7,b7 the source and amount of the matching funding required under paragraph 7#e74 7#e7 ,matching funding 7,a7 ,in general ,the ,administrator shall require1 as a condition of any subsequent ,phase ,,ii ,,sbir award made to an eligible entity under this subsection1 that a matching amount 7excluding any fees collected by the eligible entity receiving such award7 equal to the amount of such award be provided from an eligible third-party investor4 7,b7 ,ineligible sources ,an eligible entity may not use funding from ineligible sources to meet the matching requirement of subparagraph 7,a74 7#f7 ,award ,a subsequent ,phase ,,ii ,,sbir award made to an eligible entity under this subsection-- 7,a7 may not exceed the limitation described under subsection 7aa77#a72 and 7,b7 shall be disbursed during ,phase ,,ii4 7#g7 ,use of funds ,the funds awarded to an eligible entity under this subsection may only be used for research and development activities that build on eligible entity's ,phase ,,ii program and ensure the research funded under such ,phase ,,ii is rapidly progressing towards commercialization4 7#h7 ,selection ,in selecting eligible entities to participate in a commercialization assistance pilot program under this subsection1 the head of a covered agency shall consider-- 7,a7 the extent to which such award could aid the eligible entity in commercializing the research funded under the eligible entity's ,phase ,,ii program2 7,b7 whether the updated ,phase ,,ii commercialization plan submitted under paragraph 7#d7 provides a sound approach for establishing technical feasibility that could lead to commercialization of such research2 7,c7 whether the proposed activities to be conducted under such updated ,phase ,,ii commercialization plan further improve the likelihood that such research will provide societal benefits2 7,d7 whether the small business concern has progressed satisfactorily in ,phase ,,ii to justify receipt of a subsequent ,phase ,,ii ,,sbir award2 7,e7 the expectations of the eligible third-party investor that provides matching funding under paragraph 7#e72 and 7,f7 the likelihood that the proposed activities to be conducted under such updated ,phase ,,ii commercialization plan using matching funding provided by such eligible third-party investor will lead to commercial and societal benefit4 7#i7 ,evaluation ,report ,not later than #c years after the date of the enactment of this subsection1 the ,comptroller ,general of the ,united ,states shall submit to the ,committee on ,science1 ,space1 and ,technology and the ,committee on ,small ,business of the ,house of ,representatives1 and the ,committee on ,small ,business and ,entrepreneurship of the ,senate1 a report including-- 7,a7 a summary of the activities of commercialization assistance pilot programs carried out under this subsection2 7,b7 a detailed compilation of results achieved by such commercialization assistance pilot programs1 including the number of eligible entities that received awards under such programs2 7,c7 the rate at which each eligible entity that received a subsequent ,phase ,,ii ,,sbir award under this subsection commercialized research of the recipient2 7,d7 the growth in employment and revenue of eligible entities that is attributable to participation in a commercialization assistance pilot program2 7,e7 a comparison of commercialization success of eligible entities participating in a commercialization assistance pilot program with recipients of an additional ,phase ,,ii ,,sbir award under subsection 7ff72 7,f7 demographic information1 such as ethnicity and geographic location1 of eligible entities participating in a commercialization assistance pilot program2 7,g7 an accounting of the funds used at each covered agency that implements a commercialization assistance pilot program under this subsection2 7,h7 the amount of matching funding provided by eligible third-party investors1 set forth separately by source of funding2 7,i7 an analysis of the effectiveness of the commercialization assistance pilot program implemented by each covered agency2 and 7,j7 recommendations for improvements to the commercialization assistance pilot program4 7#aj7 ,definitions ,for purposes of this subsection3 7,a7 ,covered agency ,the term covered agency means a ,federal agency required to have an ,,sbir program4 7,b7 ,eligible entity ,the term eligible entity means a small business concern that has received a ,phase ,,ii award under an ,,sbir program and an additional ,phase ,,ii ,,sbir award under subsection 7ff7 from the covered agency to which such small business concern is applying for a subsequent ,phase ,,ii ,,sbir award4 7,c7 ,eligible third-party investor ,the term eligible third-party investor means a small business concern other than an eligible entity1 a venture capital firm1 an individual investor1 a non-,,sbir ,federal1 ,state or local government1 or any combination thereof4 7,d7 ,ineligible sources ,the term ineligible sources means the following3 7i7 ,the eligible entity's internal research and development funds4 7ii7 ,funding in forms other than cash1 such as in-kind or other intangible assets4 7iii7 ,funding from the owners of the eligible entity1 or the family members or affiliates of such owners4 7iv7 ,funding attained through loans or other forms of debt obligations4 7,e7 ,subsequent ,phase ,,ii ,,sbir award ,the term subsequent ,phase ,,ii ,,sbir award means an award granted to an eligible entity under this subsection to carry out further commercialization activities for research conducted pursuant to an ,,sbir program4 4