Pentagon Innovation Program Sees Bipartisan Agreement on Reauthorization

The US Senate has reached an agreement to reauthorize the Small Business Innovation Research program, a key tool used by the Pentagon to fund small businesses developing new technologies. The bill, known as the ‘Small Business Innovation and Economic Security Act,’ includes reforms aimed at safeguarding technology from foreign influence and strengthening program integrity. The program’s lapse had forced the Pentagon to pause defense-focused projects, highlighting the need for swift reauthorization.