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Code · BILL · 114th Congress · S. 2812 (Introduced in Senate) — To amend the Small Business Act to reauthorize and improve the Small Business Innovation Research Program and the Sma... · Sec. 502

Sec. 502. Implementation of outstanding reauthorization provisions

289 words·~1 min read·/bill/114/s/2812/is/section-502

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Section 9(mm) of the Small Business Act ( 15 U.S.C. 638(mm) ), as amended by section 401(1) of this Act, is amended— in paragraph (1), by striking paragraph
(3)and inserting paragraphs
(3)and
(9); and by adding at the end the following: For fiscal years 2018 and 2019, any Federal agency that has not implemented each provision of law described in clause (ii)— shall continue to provide amounts to the Administration in accordance with paragraph (7)(B); and may not use any additional amounts as described in paragraph
(1)until 30 days after the date on which the Federal agency submits to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives documentation demonstrating that the Federal agency has implemented and is in compliance with each provision of law described in clause (ii). The provisions of law described in this subparagraph are the following: Subsection (r)(4), relating to Phase III preferences. Paragraphs
(5)and
(6)of subsection (y), relating to insertion goals. Subsection (g)(4)(B), relating to shortening the decision time for SBIR awards. Subsection (o)(4)(B), relating to shortening the decision time for STTR awards. Subsection (v), relating to reducing paperwork and compliance burdens. For fiscal years 2018 and 2019, if the Administration is not in compliance with subsection (b)(7), relating to annual reports to Congress, the Administration may not use amounts received under paragraph (7)(B) of this subsection for a purpose described in clause
(iii)of such paragraph (7)(B). . Section 9(b)(7) of the Small Business Act ( 15 U.S.C. 638(b)(7) ) is amended in the matter preceding subparagraph (A), by striking not less than annually and inserting not later than February 1 of each year .
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Sec. 502
Implementation of outstanding reauthorization provisions
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