S. 853, known as the "INNOVATE Act," seeks to improve the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs under the Small Business Act. It proposes changes to enhance small business participation, streamline program administration, encourage...
Simple Explanation
The "INNOVATE Act" wants to help small businesses come up with cool new ideas by making it easier for them to get money from the government. But some people are worried that the changes might not be fair to everyone, especially smaller companies and those that are different from the rest.