House Passes Small Business Innovation Act With 30 Million Dollar Strategic Breakthrough Awards for 2026

Linda McMahon served as the Administrator of the Small Business Administration until early 2025, when she transitioned to lead the United States Department of Education, effective March 3, 2025. According to Paul Hastings Daily Financial Regulation Update from March 25, 2026, Kelly Loeffler has held the Small Business Administration role since February 19, 2025. No recent headlines from the last few days mention Linda McMahon in connection with the Small Business Administration. In small business news, the United States House of Representatives passed the Small Business Innovation and Economic Security Act on March 17, 2026. JD Supra reports that this legislation reauthorizes the Small Business Innovation Research program and Small Business Technology Transfer program until September 30, 2031. The bill awaits President Trump's signature but faces delay, as he has stated he will not sign it until the Safeguard American Voter Eligibility Act passes the Senate. Key changes in the act include new Strategic Breakthrough Awards for Phase Two projects, offering up to 30 million dollars to bridge the gap to commercialization. Agencies must deny awards to businesses linked to certain foreign entities on lists like the Entity List from the Department of Commerce Bureau of Industry and Security. It also caps proposal submissions per company to ease administrative burdens and boosts training for federal acquisition staff. These updates aim to enhance research security, cut red tape, and speed innovation for small businesses, especially after program funding lapsed on September 30, 2025, freezing billions in new awards. Thank you for tuning in, listeners. Please subscribe for more updates. This has been a Quiet Please production, for more check out quiet please dot ai. For more http://www.quietplease.ai Get the best deals https://amzn.to/3ODvOta This content was created in partnership and with the help of Artificial Intelligence AI.