Hopes and Cures

According to Trading Markets:

MARKUP NOTICE

For July 30, 2008

The Committee on Small Business and Entrepreneurship will hold a public markup of a bill to reauthorize the Small Business Innovation Research (SBIR) Program on Wednesday, July 30, 2008 at 11:30 a.m., in room 428A Russell Senate Office Building.

All agencies with an extramural research and development budget exceeding $100 million are required to allocate 2.5 percent of this budget for the SBIR program. Currently, 11 federal agencies participate, and each of these agencies issues solicitations on a periodic basis, seeking innovative project proposals from small businesses to meet the agencies’ needs and keep our country on the cutting edge of technology.

Next Steps: If the bill is passed in the SBE committee, it will then go before the full Senate. It’s doubtful that this would happen before the upcoming recess, however. Once the bill passes the Senate, it will then be headed for conference committee with the House.

We will have more on this markup after it happens!