,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #bjde  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bg1 #bjai,mrs4  
,%ahe5 7= h]self1 ,mr4 ,rubio1 & ,mr4   
,c>d97 introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,small ,bus9ess & ,entrepr5eur%ip  ,a   
,,bill  ,to reau?orize ! ,,sbir & ,,/tr 
programs1 & = o!r purposes4  #a4 ,%ort  
title  ,?is ,act may be cit$ z ! ,,sbir 
& ,,/tr ,p]man5cy & ,improvem5t ,act (  
#bjai4  #b4 ,p]man5cy ( ,,sbir & ,,/tr  
programs  7a7 ,,sbir ,section #i7m7 ( ! 
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fch7m77 is am5d$--  7#a7 9 ! subsection
 head+1 by /rik+ ,t]m9ation & ins]t+    
,,sbir program au?orization2 &  7#b7 by 
/rik+ t]m9ate on ,septemb] #cj1 #bjbb & 
ins]t+ be 9 effect = ea* fiscal ye>4    
7b7 ,,/tr ,section #i7n77#a77;,a7 ( !   
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fch7n77#a77;,a77 is am5d$ by /rik+     
?r\gh fiscal ye> #bjbb4  #c4 ,allocation
 increase  7a7 ,,sbir ,section          
#i7;f77#a7 ( ! ,small ,bus9ess ,act 7#ae

 ,u4,s4,c4 #fch7;f77 is am5d$--  7#a7 9 
! matt] prec$+ subp>agraph 7,a71 by     
/rik+ exp5d & ins]t+ obligate =         
exp5diture2  7#b7 9 subp>agraph 7,h71 by
 /rik+ & at ! end2  7#c7 9 subp>agraph  
7,i71 by /rik+ & ea* fiscal ye> !reaft]1
 & ins]t+ a semicolon2 &  7#d7 by ins]t+
 aft] subp>agraph 7,i7 ! foll[+3  7,j7 n
 less ?an #c4e p]c5t ( su* budget 9     
fiscal ye> #bjbj2  7,k7 n less ?an #d   
p]c5t ( su* budget 9 fiscal ye> #bjba2  
7,l7 n less ?an #e p]c5t ( su* budget 9 
fiscal ye> #bjbb2  7,m7 n less ?an #f   
p]c5t ( su* budget 9 fiscal ye> #bjbc2 &
  7,n7 n less ?an #f4d p]c5t ( su*      
budget 9 fiscal ye> #bjbd & ea* fiscal  
ye> !reaft]4  4  7b7 ,,/tr ,section     
#i7n77#a7 ( ! ,small ,bus9ess ,act 7#ae 
,u4,s4,c4 #fch7n77#a77 is am5d$-- 7#a7 9
 subp>agraph 7,a71 by /rik+ exp5d &     
ins]t+ obligate = exp5diture2 &  7#b7 9 
subp>agraph 7,b7-- 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+ fiscal ye> #bjai22

 &  7,c7 by add+ at ! end ! foll[+3     
7vi7 #j4ee p]c5t = fiscal ye> #bjbj2    
7vii7 #j4fe p]c5t = fiscal ye> #bjba2   
7viii7 #j4ge p]c5t = fiscal ye> #bjbb2  
7ix7 #j4he p]c5t = fiscal ye> #bjbc2 &  
7x7 #a p]c5t = fiscal ye> #bjbd & ea*   
fiscal ye> !reaft]4  4  #d4 ,accel]at+  
aw>d timel9es across ag5cies ,section #i
 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4
 #fch7 is am5d$--  7#a7 9 subsection    
7g77#h7-- 7,a7 9 subp>agraph 7,b71 by   
/rik+ & at ! end2  7,b7 9 subp>agraph   
7,c71 by add+ & at ! end2 &  7,c7 by    
add+ at ! end ! foll[+3  7,d7 ! av]age &
 m$ian am\nt ( "t t ea* ,f$]al ag5cy )  
an ,,sbir program takes to review & make
 a f9al decision on proposals submitt$  
"u ! program2  2  7#b7 9 subsection     
7o77#i7-- 7,a7 9 subp>agraph 7,b71 by   
/rik+ & at ! end2  7,b7 9 subp>agraph   
7,c71 by add+ & at ! end2 &  7,c7 by    
add+ at ! end ! foll[+3  7,d7 ! av]age &
 m$ian am\nt ( "t t ea* ,f$]al ag5cy )  
an ,,/tr program takes to review & make 
a f9al decision on proposals submitt$ "u

 ! program2  2  7#c7 9 subsection 7hh7--
 7,a7 by add+ at ! end ! foll[+3  7#c7  
,requirem5t to accel]ate all ,,sbir &   
,,/tr aw>ds ,n lat] ?an #a ye> aft] !   
date ( enactm5t ( ?is p>agraph1 ea*     
,f$]al ag5cy p>ticipat+ 9 ! ,,sbir      
program or ,,/tr program1 o!r ?an !     
,dep>tm5t ( ,def5se1 %all e/abli% a     
program to r$uce ! "t = aw>ds "u !      
,,sbir & ,,/tr programs ( ! ,f$]al ag5cy
 by--  7,a7 develop+ simplifi$ & /&>diz$
 proc$ures & model contracts ?r\gh\t !  
,f$]al ag5cy = ,phase ,i1 ,phase ,,ii1 &
 ,phase ,,iii ,,sbir aw>ds2  7,b7 =     
,phase ,i ,,sbir & ,,/tr aw>ds1 r$uc+ ! 
am\nt ( "t betwe5 solicitation closure &
 aw>d2  7,c7 = ,phase ,,ii ,,sbir &     
,,/tr aw>ds1 r$uc+ ! am\nt ( "t betwe5 !
 end ( a ,phase ,i aw>d & ! />t ( !     
,phase ,,ii aw>d2  7,d7 = ,phase ,,ii   
,,sbir & ,,/tr aw>ds t skip ,phase ,i1  
r$uc+ ! am\nt ( "t betwe5 solicitation  
closure & aw>d2  7,e7 = sequ5tial ,phase
 ,,ii ,,sbir & ,,/tr aw>ds1 r$uc+ !     
am\nt ( "t betwe5 ,phase ,,ii aw>ds2 &  

7,f7 r$uc+ ! aw>d times describ$ 9      
subp>agraphs 7,b71 7,c71 7,d71 7,e71 &  
7,f7 to be z close to #ij days z        
possible4  2 &  7#d7 9 subsection 7ii71 
by add+ at ! end ! foll[+3  7#c7        
,additional comptroll] g5]al reports ,! 
,comptroll] ,g5]al ( ! ,unit$ ,/ates    
%all submit to ! ,committee on ,small   
,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & 
! ,committee on ,small ,bus9ess ( !     
,h\se ( ,repres5tatives--  7,a7 n lat]  
?an #b ye>s aft] ! date ( enactm5t ( ?is
 p>agraph1 a report t-- 7i7 provides !  
av]age & m$ian am\nt ( "t t ea* ,f$]al  
ag5cy ) an ,,sbir or ,,/tr program takes
 to review & make a f9al decision on    
proposals submitt$ "u ! program2 &  7ii7
 comp>es t av]age & m$ian am\nt ( "t ) t
 ( ! previ\s #e fiscal ye>s2 &  7,b7 n  
lat] ?an ,m>* #ca1 #bjbc1 a report t--  
7i7 includes ! in=mation describ$ 9     
subp>agraph 7,a72  7ii7 assesses :]e ea*
 ,f$]al ag5cy p>ticipat+ 9 ! ,,sbir or  
,,/tr program ne$s improvem5t ) respect 
to ! proposal review & aw>d times "u !  

program2  7iii7 id5tifies be/ practices 
= %ort5+ ! proposal review & aw>d times 
"u ! ,,sbir & ,,/tr programs2 &  7iv7   
analyzes ! efficacy ( ! program e/abli%$
 "u subsection 7hh77#c74  4  #e4        
,enc\rag+ v5ture capital-own$ program   
p>ticipants ,section #i7;dd7 ( ! ,small 
,bus9ess ,act 7#ae ,u4,s4,c4 #fch7;dd77 
is am5d$--  7#a7 by /rik+ p>agraph 7#a7 
& ins]t+ ! foll[+3  7#a7 ,au?ority ,!   
head ( a ,f$]al ag5cy t p>ticipates 9 ! 
,,sbir program--  7,a7 may aw>d n m ?an 
#be p]c5t ( ! funds allocat$ = ! ,,sbir 
program ( ! ,f$]al ag5cy to small       
bus9ess conc]ns t are own$ 9 majority "p
 by multiple v5ture capital op]at+      
companies1 h$ge funds1 or private equity
 firms ?r\gh competitive1 m]it-bas$     
proc$ures t are op5 to all eligible     
small bus9ess conc]ns2 &  7,b7 may n    
aw>d any funds allocat$ = ! ,,sbir      
program ( ! ,f$]al ag5cy to small       
bus9ess conc]ns own$ by v5ture capital  
op]at+ companies1 h$ge funds1 or private
 equity firms ^: own]s d n h ,unit$     

,/ates citiz5%ip4  2  7#b7 by /rik+     
p>agraph 7#b72  7#c7 by r$esignat+      
p>agraphs 7#c7 ?r\gh 7#g7 z p>agraphs   
7#b7 ?r\gh 7#f72 &  7#d7 9 p>agraph     
7#b71 z s r$esignat$-- 7,a7 9           
subp>agraph 7,a71 by /rik+ & at ! end2  
7,b7 9 subp>agraph 7,b71 by /rik+ !     
p]iod at ! end & ins]t+ 2 &2 &  7,c7 by 
add+ at ! end ! foll[+3  7,c7 indicate  
if any ( ! v5ture capital op]at+        
companies1 h$ge fund1 or private equity 
firm own]s ( ! small bus9ess conc]n d n 
h ,unit$ ,/ates citiz5%ip4  4  #f4      
,phase ,,iii aw>d education ,section    
#i7r77#d7 ( ! ,small ,bus9ess ,act 7#ae 
,u4,s4,c4 #fch7r77#d77 is am5d$-- 7#a7 9
 subp>agraph 7,a71 by /rik+ & at ! end2 
7#b7 9 subp>agraph 7,b71 by /rik+ !     
p]iod at ! end & ins]t+ 2 &2 &  7#c7 by 
add+ at ! end ! foll[+3  7,c7 tra9      
contract+ (fic]s 9 ! execution ( ,phase 
,,iii sole s\rce aw>d contracts4  4