Inclusion of SBICs in the SBIR and STTR programs

Section 9 of the Small Business Act (15 U.S.C. 638), as amended by section 505, is further amended— (1) by striking or private equity firm investment each place that term appears and inserting private equity firm, or SBIC investment; (2) by striking or private equity firms each place that term appears and inserting private equity firms, or SBICs; (3) in subsection (e)— (A) in paragraph (18), by striking and at the end; (B) in paragraph (19), by striking the period at the end and inserting; and; and (C) by adding at the end the following new paragraph: (20) the term SBIC means a small business investment company as defined in section 103 of the Small Business Investment Act of 1958 (15 U.S.C. 662).; and (4) in the heading for subsection (dd), by striking or Private Equity Firms and inserting Private Equity Firms, or SBICs.