ARTICLE · 27 MARCH 2026

Small Business Innovation And Economic Security Act Will Bring Big Changes

Goodwin Procter LLP

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On March 17, 2026, the U.S. House of Representatives passed the Small Business Innovation and Economic Security Act (the Act). The Act, which reauthorizes the Small Business Innovation Research (SBIR) program and Small Business Technology Transfer (STTR) program until September 30, 2031, has already passed the Senate and is now awaiting President Trump's signature. The Act, if passed, will make significant changes that will impact federal contractors who are or will be recipients of federal funds unde

United StatesGovernment, Public Sector

Alexander Vivona

Bottom Line Up Front

On March 17, 2026, the U.S. House of Representatives passed the Small Business Innovation and Economic Security Act (the Act). The Act, which reauthorizes the Small Business Innovation Research (SBIR) program and Small Business Technology Transfer (STTR) program until September 30, 2031, has already passed the Senate and is now awaiting President Trump's signature. The Act, if passed, will make significant changes that will impact federal contractors who are or will be recipients of federal funds under both programs. These changes will strengthen research security within the programs, modernize and streamline the programs to reduce administrative burdens, and accelerate innovation to advance cutting-edge technology. Federal contractors should be aware of these coming changes and how they may impact the conduct of their business.

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