Improvements to commercialization selection

(a) In general Section 9 of the Small Business Act (15 U.S.C. 638) is amended— (1) in subsection (g)— (A) in paragraph (4)(B)(i), by striking 1 year and inserting 180 days; (B) in paragraph (16), by striking and at the end; (C) in paragraph (17), by striking the period at the end and inserting; and; and (D) by adding at the end the following: (18) with respect to peer review carried out under the SBIR program, to the extent practicable, include in the peer review— (A) the likelihood of commercialization in addition to scientific and technical merit and feasibility; and (B) not less than 1 reviewer with commercialization expertise who is capable of assessing the likelihood of commercialization.; and (2) in subsection (o)— (A) in paragraph (4)(B)(i), by striking 1 year and inserting 180 days; (B) in paragraph (20), by striking and at the end; (C) in paragraph (21), by striking the period at the end and inserting; and; and (D) by adding at the end the following: (22) with respect to peer review carried out under the STTR program, to the extent practicable, include in the peer review— (A) the likelihood of commercialization in addition to scientific and technical merit and feasibility; and (B) not less than 1 reviewer with commercialization expertise who is capable of assessing the likelihood of commercialization..