H.R. 366: To provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958

H.R. 366

To provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958

Sponsor
Rep. Sam Graves

Date
January 25, 2011 (112th Congress, 1st Session)

Staff Contact
Communications

Floor Situation

The House is scheduled to consider H.R. 366 on January 25, 2011, under a motion to suspend the rules, requiring a two-thirds majority vote for passage.  The resolution was introduced by Rep. Sam Graves (R-MO) on January 20, 2011 and was referred to the Committee on Small Business.

Bill Summary

The bill would extend through May 31, 2011, under the same terms and conditions, the authorization for any program, authority, or provision, including any pilot program, that is currently authorized through January 31, 2011, under the Small Business Act or the Small Business Investment Act of 1958.  Such programs are currently set to expire on January 31, 2011.

Background

According to Committee staff, the extension is primarily for the Small Business Innovation Research (SBIR) program.  The SBIR program enables any small business, defined as one with fewer than 500 employees, to obtain specifically set aside research grants in order to perform research and develop products needed by federal agencies.  For agencies with extramural research budgets of more than $100 million dollars, those agencies must set aside 2.5 percent of those extramural research dollars to provide grants to small businesses.

Cost

A CBO cost estimate for H.R. 366 is not available.  However, extending the program requires no additional funds.  Whatever extramural research budgets exist, 2.5 percent are allocated to award under the SBIR program.  The costs of issuing the grants are subsumed in existing agency budgets for awarding grants (i.e. salary and expenses).