SABIR Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jun 16, 2005)
Save America's Biotechnology Innovative Research Act of 2005 or SABIR Act - Amends provisions of the Small Business Act relating to the Small Business Innovation Research (SBIR) Program (a program under which a portion of a Federal agency's research or research and development funds are reserved for award to small businesses) to require a small business, in order to be SBIR-eligible, to have no more than 500 employees and be one of the following; (1) at least 51 percent owned and controlled by individuals or eligible venture capital companies who are U.S. citizens or permanent resident aliens; (2) not more than 49 percent owned and controlled by a single eligible venture capital company; (3) at least 51 percent owned and controlled by another business that is itself at least 51 percent owned and controlled by U.S. Citizens or permanent resident aliens; or (4) a joint venture in which each entity meets one of these ownership requirements.
What just happenedJun 16, 2005
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S6759)
Who’s behind it
- Jun 16, 2005IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S6759)
Small Business and Entrepreneurship Committee - Jun 16, 2005IntroReferralB00100
Sponsor introductory remarks on measure. (CR S6758-6759)
- Jun 16, 2005IntroReferral10000
Introduced in Senate