,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ecdh  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #f1 #bjai,mr4
 ,cr[ 7= himself & ,mr4 ,bur*ett7       
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,small ,bus9ess  ,a    
,,bill  ,to require ! ,adm9i/rator ( !  
,small ,bus9ess ,adm9i/ration to e/abli%
 an ,innovation ,v\*] ,grant ,program4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,small ,bus9ess ,innovation ,v\*] ,act
 ( #bjai4  #b4 ,def9itions ,9 ?is ,act3 
7#a7 ,adm9i/rator ,! t]m ,adm9i/rator   
means ! ,adm9i/rator ( ! ,small ,bus9ess
 ,adm9i/ration4  7#b7 ,eligible entity  
,! t]m eligible entity means--  7,a7 an 
in/itution ( high] education1 z def9$ 9 
section #aja ( ! ,high] ,education ,act 
( #aife 7#bj ,u4,s4,c4 #ajja72 or  7,b7 
a nonpr(it rese>* lab1 in/itution1 or   
o!r simil> organization 9 ! ,unit$      
,/ates associat$ ) educational or rese>*
 activities4  7#c7 ,program ,! t]m      
,program means ! ,innovation ,v\*]      
,grant ,program e/abli%$ "u section #c4 

7#d7 ,small bus9ess conc]n2 small       
bus9ess conc]n own$ & controll$ by      
vet]ans2 small bus9ess conc]n own$ &    
controll$ by wom5 ,! t]ms small bus9ess 
conc]n1 small bus9ess conc]n own$ &     
controll$ by vet]ans1 & small bus9ess   
conc]n own$ & controll$ by wom5 h !     
mean+s giv5 ^? t]ms 9 section #c ( !    
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcb74  7#e7 ,small bus9ess conc]n own$ 
& controll$ by socially & economically  
disadvantag$ individuals ,! t]m small   
bus9ess conc]n own$ & controll$ by      
socially & economically disadvantag$    
individuals has ! mean+ giv5 ! t]m 9    
section #h7;d77#c77;,c7 ( ! ,small      
,bus9ess ,act 7#ae ,u4,s4,c4            
#fcg7;d77#c77;,c774  #c4 ,innovation    
,v\*] ,grant ,program  7a7 ,e/abli%m5t  
,n lat] ?an #ahj days aft] ! date (     
enactm5t ( ?is ,act1 ! ,adm9i/rator %all
 e/abli% a program to be kn[n z !       
,innovation ,v\*] ,grant ,program "u :i*
 ! ,adm9i/rator %all1 on a competitive  
basis & 9 accordance ) subsection 7f71  

aw>d to small bus9ess conc]ns grants = !
 ,f$]al %>e ( ! co/ ( pur*as+ f eligible
 entities te*nical assi/ance & s]vices  
necess>y to c>ry out projects to advance
 rese>*1 developm5t1 or comm]cialization
 ( new or innovative products & s]vices4
  7b7 ,application ,a small bus9ess     
conc]n desir+ a grant "u ! ,program %all
 submit to ! ,adm9i/rator an application
 ) ! eligible entity f :i* ! small      
bus9ess conc]n w pur*ase te*nical       
assi/ance & s]vices us+ funds aw>d$ "u !
 grant4  7c7 ,evaluation ,9 evaluat+ an 
application = a grant "u ! ,program1 !  
,adm9i/rator %all take into             
consid]ation--  7#a7 ! likelihood t     
funds aw>d$ "u ! grant w be us$ to      
create or advance a novel product or    
s]vice2  7#b7 ! feasibility ( creat+ or 
advanc+ a novel product or s]vice       
propos$ to be creat$ or advanc$ us+     
funds aw>d$ "u ! grant2 &  7#c7 :e!r    
creat+ or advanc+ a product or s]vice   
propos$ to be creat$ or advanc$ us+     
funds aw>d$ "u ! grant c\ld be          

accompli%$ )\t a grant aw>d$ "u !       
,program4  7d7 ,priority ,9 mak+ grants 
"u ! ,program1 ! ,adm9i/rator %all give 
priority to an application submitt$ by--
  7#a7 a small bus9ess conc]n own$ &    
controll$ by socially & economically    
disadvantag$ individuals1 includ+       
m9orities2  7#b7 a small bus9ess conc]n 
own$ & controll$ by wom52  7#c7 a small 
bus9ess conc]n own$ & controll$ by      
vet]ans2  7#d7 a small bus9ess conc]n t 
is locat$ 9 a rural area2 or  7#e7 a    
small bus9ess conc]n locat$ 9 a region  
or ,/ate t has hi/orically be5 und]s]v$ 
by ,f$]al rese>* & developm5t funds4    
7e7 ,am\nt ,a grant made "u ! ,program  
%all be made 9 an am\nt ( n less ?an    
#be1jjj & n m ?an #ajj1jjj4  7f7 ,f$]al 
%>e ,! ,f$]al %>e ( ! co/ ( pur*as+     
te*nical assi/ance & s]vices describ$ 9 
subsection 7a7 us+ funds aw>d$ "u a     
grant made "u ! ,program %all be n m ?an
 #ge p]c5t4  7g7 ,reports  7#a7 ,reports
 f grant recipi5ts ,n lat] ?an #ahj days
 aft] ! date on :i* a project c>ri$ out 

"u a grant aw>d$ "u ! ,program is       
complet$1 ! recipi5t ( ! grant %all     
submit to ! ,adm9i/rator a report on !  
project1 includ+--  7,a7 :e!r & h[ !    
project met ! orig9al expectations = !  
project2  7,b7 h[ ! results ( ! project 
7 incorporat$ 9 ! bus9ess ( ! grant     
recipi5t2 &  7,c7 :e!r & h[ ! project   
improv$ innovation practices ( ! grant  
recipi5t4  7#b7 ,report ( ! ,adm9i/rator
 ,n lat] ?an #c ye>s aft] ! date on :i* 
! ,adm9i/rator e/abli%es ! ,program1 & e
 #b ye>s !reaft]1 ! ,adm9i/rator %all   
submit to ! ,committee on ,small        
,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & 
! ,committee on ,small ,bus9ess ( !     
,h\se ( ,repres5tatives a report on     
grants aw>d$ "u ! ,program1 includ+--   
7,a7 a description ( ! grants aw>d$2    
7,b7 ! e/imat$ numb] ( products or      
s]vices creat$ or advanc$ "u grants     
aw>d$ "u ! ,program t c\ld h be5 creat$ 
or advanc$ )\t grants aw>d$ "u !        
,program2 &  7,c7 a description ( !     
impact ( ! ,program on k transf] &      

comm]cialization4  #d4 ,au?orization (  
appropriations ,!re is au?oriz$ to be   
appropriat$ to ! ,adm9i/rator to c>ry   
out ! ,program #aj1jjj1jjj = ea* (      
fiscal ye>s #bjbj ?r\gh #bjbd1 to rema9 
available until exp5d$4