Improvements to phase flexibility

(a) In general Section 9(cc) of the Small Business Act (15 U.S.C. 638(cc)) is amended— (1) by striking During fiscal years 2012 through 2025, the National Institutes of Health, the Department of Defense, and the Department of Education may each and inserting the following: (1) In general During fiscal years 2025, 2026, and 2027, each Federal agency with an SBIR or STTR program may; and (2) by adding at the end the following: (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 and STTR programs 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 and STTR programs of the National Institutes of Health during that fiscal year.. (b) Report Not later than 1 year after the date of enactment of this Act, the Administrator of the Small Business Administration shall provide a briefing to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives regarding the authority provided under section 9(cc) of the Small Business Act (15 U.S.C. 638(cc)), as amended by paragraph (1).