Increasing agency expenditures for SBIR and STTR programs

Section 9 of the Small Business Act (15 U.S.C. 638) is amended— (1) in subsection (f)(1)— (A) in subparagraph (H), by striking and; (B) in subparagraph (I), by striking fiscal year 2017 and each fiscal year thereafter, and inserting each of fiscal years 2017 through 2025;; and (C) by inserting after subparagraph (I) the following new subparagraphs: (J) not less than 4 percent of such budget in fiscal years 2026 and 2027; (K) not less than 5 percent of such budget in fiscal years 2028 and 2029; (L) not less than 6 percent of such budget in fiscal years 2030 and 2031; and (M) not less than 7 percent of such budget in fiscal year 2032 and each fiscal year thereafter,; and (2) in subsection (n)(1)(B)— (A) in clause (iv), by striking; and and inserting a semicolon; (B) in clause (v), by striking fiscal year 2016 and each fiscal year thereafter. and inserting each of fiscal years 2016 through 2025;; and (C) by adding at the end the following: (vi) 0.5 percent for fiscal year 2026 and 2027; (vii) 0.65 percent for fiscal year 2028 and 2029; (viii) 0.8 percent for fiscal year 2030 and 2031; and (ix) 1 percent for fiscal year 2032 and each fiscal year thereafter..