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Encouraging Small Business Innovators

Floor Speech

Date: Sept. 25, 2018
Location: Washington, DC
Issues: Business and Consumers

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Mr. Speaker, I rise in support of H.R. 6368, Encouraging Small Business Innovators.

For almost 40 years, our Nation has experienced increased innovation and job creation through the Small Business Innovation Research program, or SBIR, and the Small Business Technology Transfer program, or STTR. Research conducted by SBIR and STTR awardees has helped address our country's most technological and research-based challenges while generating tremendous economic growth and employment opportunities.

By incentivizing more experienced SBIR/STTR companies to mentor newer companies and rewarding mentors through a past-performance rating increase, Congressman Espaillat's legislation positively promotes integrating these program participants into the larger Federal marketplace. That is why I urge Members to support this legislation.
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Ms. VELAZQUEZ. Mr. Speaker, I thank the gentleman from New York (Mr. Espaillat) for introducing today's bill to spur increased contracting activities in the SBIR/STTR programs, and I ask all my colleagues to support this important piece of legislation.

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