In a pivotal meeting on September 5, 2025, the U.S. House Committee on Small Business underscored the urgency of reauthorizing the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which are crucial for fostering American innovation. Chairman Williams emphasized that these programs have been instrumental in providing early-stage funding to small businesses, enabling them to develop advanced technologies that bolster national security and economic growth.

Williams introduced HR 5,100, a bill aimed at extending the SBIR and STTR programs for one additional year. He highlighted the importance of this extension, stating, "We cannot allow these vital programs to expire while Congress continues to consider possible reforms." The chairman noted that the programs have historically produced significant returns on investment for taxpayers and are essential for maintaining America's competitive edge against foreign adversaries.

Ranking Member Velasquez echoed these sentiments, stressing the programs' success over the past 40 years and the potential consequences of their expiration. She warned that allowing the SBIR and STTR programs to lapse would disrupt funding for hundreds of small businesses and hinder the federal government's access to emerging technologies.

Both leaders expressed a commitment to bipartisan collaboration, recognizing the need to address existing differences in the reauthorization discussions. The committee's focus on a one-year extension aims to provide the necessary time for comprehensive negotiations, ensuring that America's innovation pipeline remains robust and uninterrupted.

As the committee moves forward, the urgency of this extension highlights the critical role that small businesses play in driving innovation and economic growth in the United States.