Extend and expand the direct to Phase II authority

Section 9 of the Small Business Act (15 U.S.C. 638) is amended— (1) by designating the text of subsection (cc) as paragraph (1); and (2) in subsection (cc)— (A) by striking 2012 through 2025 and inserting 2012 through 2030; (B) by striking the National Institutes of Health, the Department of Defense, and the Department of Education may each and inserting each Federal agency required to carry out an SBIR program may; and (C) by adding at the end the following new paragraphs: (2) Limitation The total value of awards provided by a Federal agency under this subsection in a fiscal year shall be— (A) except as provided in subparagraph (B), not more than 10 percent of the total funds allocated to the SBIR program of the Federal agency during that fiscal year; and (B) with respect to the National Institutes of Health, not more than 15 percent of the total funds allocated to the SBIR program of the National Institutes of Health during that fiscal year. (3) Report Each head of a Federal agency that exercises the authority under this subsection shall include in the next report submitted by such Federal agency under (g)(9) following such exercise the number and amount of awards provided under this subsection by such Federal agency in the period covered by such report..