On April 14, President Donald Trump signed the Small Business Innovation and Economic Security Act (P.L. 119-83), which extends the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs through 2031. The SBIR and STTR programs fund small businesses and research institutions to develop and commercialize innovative technologies, with agencies like the National Institutes of Health setting aside part of their budgets to support this research.
The House originally passed the legislation on March 17 [refer to Washington Highlights, March 20]. The AAMC joined the Association of Public and Land-grant Universities, the American Council on Education, the American Association of Universities, and AUTM in a March 20 letter to the leadership of the Senate Committee on Small Business and Entrepreneurship, the House Committee on Small Business, and the House Committee on Science, Space, and Technology, expressing appreciation for their support in passing the reauthorization legislation (PDF).