Senate Small Business and Entrepreneurship Committee Approves Bill to Reauthorize SBIR Program

The Senate Small Business and Entrepreneurship Committee approved the Small Business Administration reauthorization bill. Senator Bond's amendment allowing majority ventured back companies to participate in up to 25% of the total SBIR Program was approved by voice vote. As you know, MDMA has been working in collaboration with other associations to restore eligibility of small business concerns that are owned in majority part by venture capital companies.