Mr. President, I rise today to speak about two of the Federal government's most important innovation programs: the Small Business Innovation Research program, also known as the SBIR, and the Small Business Technology Transfer program, or STTR for short. It is very appropriate we are having this discussion as we are about to go into conference in regards to legislation that affects America's competitiveness. The SBIR and the STTR program represent the best of government industry partnerships. The programs harness the creativity and ingenuity of America's entrepreneurs and innovators, solve the most pressing public health and national security challenges of our time. The programs are also primed to help our Nation rebuild our domestic production capacity, to reduce our reliance on foreign supply chains on critical products, and reduce costs for the American people. I would like to remind my colleagues that fighting inflation and rebuilding our domestic manufacturing capacity are inextricably linked. When factories close, when products sit in shipping containers in ports, when production capacity decreases due to sick employees, and when products take longer to get from the warehouse to the store, prices go up. I have no doubt that every Senator has heard from businesses in all sectors of the economy about solving this critical issue.…
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