Political Quotes

“The purpose of H.R. 1860 is to amend the Small Business Act to extend the Small Business Technology Transfer Program, more familiarly known as the STTR Program, through the end of September 2009. Under present law, the STTR program will terminate on September 30, 2001. The STTR program requires a cooperative venture between a for-profit small business and a researcher from a university, federal lab, or a nonprofit research institute for the purpose of meeting particular needs or developing commercially viable products from ideas spawned in a laboratory environment. This program builds on the well-established reputation that small businesses have for innovation and job creation to the benefit of the economy, generally, and specifically those who participate in the program. It also benefits the vast wealth of scientific knowledge that is available in this Nation's research institutions that employ approximately one-fourth of the scientists and engineers in the country. Together small business concerns and the research community have proved a successful vehicle for moving ideas from academic environments to the practical, useful commercial world to the benefit of U.S. economy and workers.”