S. 1263Senate109th Congress (2005-2007)In Committee

SABIR Act

A bill to amend the Small Business Act to establish eligibility requirements for business concerns to receive awards under the Small Business Innovation Research Program.

Also known as Save America's Biotechnology Innovative Research Act of 2005

Introduced June 16, 2005

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S6759)

June 16, 2005

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SenateIntro Referral

Introduced in Senate

June 16, 2005

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S6758-6759)

June 16, 2005

SenateIntro Referral

Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S6759)

June 16, 2005

Floor Debate

11 members

What members said about S. 1263 on the floor

6 Republicans5 Democrats
Lamar Alexander
Sen. Lamar AlexanderR-TN · Jun 16, 2005

Mr. President, in case the President may be wondering, and I asked consent about this, these are 7,000 regulations. We have 6,000 autonomous institutions of higher education in the United States,…

William H. Frist
Sen. William H. FristR-TN · Jun 16, 2005

Mr. President, this morning I am pleased to be joined on the floor by my distinguished colleague from the State of New York. Together we share an important goal to improve health care quality and…

Joseph R. Biden Jr.
Sen. Joseph R. Biden Jr.D-DE · Jun 16, 2005

Mr. President, I rise today to introduce the Hazardous Materials Vulnerability Reduction Act of 2005. It is regretful that I am introducing this legislation, as the Department of Homeland Security…

George V. Voinovich
Sen. George V. VoinovichR-OH · Jun 16, 2005

Mr. President, today I rise to introduce the Generating Opportunity by Forgiving Educational Debt for Service Act of 2005, a bill that will help Federal agencies and the Armed Forces recruit talented…

Jeff Bingaman
Sen. Jeff BingamanD-NM · Jun 16, 2005

Mr. President, our country is facing a crisis. Too many of our young people leave high school without the skills necessary to meet the demands of a global economy. According to a recent U.S. Chamber…

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Hillary Rodham Clinton
Sen. Hillary Rodham ClintonD-NY · Jun 16, 2005

Mr. President, I wish to express my appreciation to Senator Frist for his leadership on this issue because we certainly do need to bring our health care system out of the information dark ages. I am…

Arlen Specter
Sen. Arlen SpecterR-PA · Jun 16, 2005

Mr. President, along with my colleague, Senator Lautenberg, I am introducing the Justice for Marine Corps Families-- Victims of Terrorism Act. I am submitting this legislation on behalf of the…

Christopher S. Bond
Sen. Christopher S. BondR-MO · Jun 16, 2005

Mr. President, the United States biotechnology industry is the world leader in innovation. This is due, in large part, to the Federal Government's partnership with the private sector to foster growth…

Christopher S. Bond
Sen. Christopher S. BondR-MO · Jun 16, 2005

Mr. President, the United States biotechnology industry is the world leader in innovation. This is due, in large part, to the Federal Government's partnership with the private sector to foster growth…

Barack Obama
Sen. Barack ObamaD-IL · Jun 16, 2005

Mr. President, I am proud to join Senators Frist and Clinton in introducing the Health Technology to Enhance Quality Act of 2005. Our national health care system is in crisis. Forty-five million…

Jon S. Corzine
Sen. Jon S. CorzineD-NJ · Jun 16, 2005

Mr. President, I rise today to introduce the Compassionate Assistance for Rape Emergencies Act. In the United States, more than 300,000 women are raped each year and an estimated 25,000 to 32,000…

Saxby Chambliss
Sen. Saxby ChamblissR-GA · Jun 16, 2005

Mr. President, I rise today to honor a man who has been at the front of our country's fight for civil rights. Born a son of sharecroppers in Troy, AL, John grew up to become one of the leading…

Bill Text

Latest available legislative text

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Latest
Introduced in SenateIssued June 16, 2005
        [Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 1263 Introduced in Senate (IS)]

1st Session
S. 1263

To amend the Small Business Act to establish eligibility requirements
for business concerns to receive awards under the Small Business
Innovation Research Program.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

June 16, 2005

Mr. Bond introduced the following bill; which was read twice and
referred to the Committee on Small Business and Entrepreneurship

_______________________________________________________________________

A BILL

To amend the Small Business Act to establish eligibility requirements
for business concerns to receive awards under the Small Business
Innovation Research Program.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Save America's Biotechnology
Innovative Research Act of 2005'' or ``SABIR Act''.

SEC. 2. ELIGIBILITY FOR PARTICIPATION IN SMALL BUSINESS INNOVATION
RESEARCH PROGRAM.

(a) In General.--Section 9 of the Small Business Act (15 U.S.C.
638) is amended by adding at the end the following new subsection:
``(x) Eligibility for Participation in SBIR Program.--
``(1) In general.--To be eligible to receive an award under
the SBIR program, a business concern--
``(A) shall have not more than 500 employees; and
``(B) shall be owned in accordance with one of the
ownership requirements described in paragraph (2).
``(2) Ownership requirements.--The ownership requirements
referred to in paragraph (1) are the following:
``(A) The business concern is--
``(i) at least 51 percent owned and
controlled by individuals or eligible venture
capital companies, who are citizens of or
permanent resident aliens in the United States;
and
``(ii) not more than 49 percent owned and
controlled by a single eligible venture capital
company (or group of commonly-controlled
eligible venture capital companies).
``(B) The business concern is at least 51 percent
owned and controlled by another business concern that
is itself at least 51 percent owned and controlled by
individuals who are citizens of or permanent resident
aliens in the United States.
``(C) The business concern is a joint venture in
which each entity to the joint venture meets one of the
ownership requirements under this paragraph.
``(3) Employee defined.--For purposes of paragraph (1)(A),
the term `employee' means an individual employed by the
business concern and does not include--
``(A) an individual employed by an eligible venture
capital company providing financing to the business
concern; or
``(B) an individual employed by any entity in which
the eligible venture capital company is invested other
than that business concern.
``(4) Treatment of other forms of ownership.--
``(A) Stock option ownership.--For purposes of this
subsection, in the case of a business concern owned in
whole or in part by an employee stock option plan, each
stock trustee or plan member shall be deemed to be an
owner.
``(B) Trust ownership.--For purposes of this
subsection, in the case of a business concern owned in
whole or in part by a trust, each trustee or trust
beneficiary shall be deemed to be an owner.
``(5) Exception for start-up concerns.--Notwithstanding
paragraphs (1) through (4), any business concern that is a
start-up concern shall be eligible to receive funding under the
SBIR program.''.
(b) Definitions.--Section 9(e) of the Small Business Act (15 U.S.C.
638(e)) is amended by adding at the end the following new paragraphs:
``(9) The term `eligible venture capital company' means a
business concern--
``(A) that--
``(i) is a Venture Capital Operating
Company, as that term is defined in regulations
promulgated by the Secretary of Labor; or
``(ii) is an entity that--
``(I) is registered under the
Investment Company Act of 1940 (15
U.S.C. 80a-51 et seq.); or
``(II) is an investment company, as
defined in section 3(c)(14) of such Act
(15 U.S.C. 80a-3(c)(14)), which is not
registered under such Act because it is
beneficially owned by less than 100
persons; and
``(B) that is not controlled by any business
concern that is not a small business concern within the
meaning of section 3.
``(10) The term `start-up concern' means a business concern
that--
``(A) for at least 2 of the 3 preceding fiscal
years has had--
``(i) sales of not more than $3,000,000; or
``(ii) no positive cash flow from
operations; and
``(B) is not formed to acquire any business concern
other than a small business concern that meets the
requirement under subparagraph (A).''.
(c) Regulations.--Before the date that is 90 days after the date of
the enactment of this Act, the Administrator of the Small Business
Administration shall--
(1) in accordance with the exceptions to public rulemaking
under section 553(b)(A) and (B) of title 5, United States Code,
promulgate regulations to implement the provisions of this Act;
(2) publish in the Federal Register a notification of the
changes in eligibility for participation in the Small Business
Innovation Research program made by this Act; and
(3) communicate such changes to Federal agencies that award
grants under the Small Business Innovation Research program.
(d) Effective Date.--The amendments made by this Act shall apply
with respect to any business concern that participates in the Small
Business Innovation Research program on or after the date of the
enactment of this Act.
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