Political Quotes

“Mr. President, first, let me thank Senator Landrieu for her extraordinary leadership in bringing this bill to the floor. This is a critically important bill for our economy. It helps small businesses. It helps the economic engine of America. It helps with innovation with small businesses. We already know small businesses will be where most of the job growth will take place. We know that. We also know small businesses are where most of the innovation will take place. When we look at patents that are filed, there are more from the small businesses per employee than we see from large companies. But in order to help small businesses be able to be innovative, the SBIR Program is critically important. I congratulate Senator Landrieu for bringing this bill forward. It has received strong bipartisan support within the Small Business Committee. It provides the resources where small companies can take risks and innovate for America's future. It extends the program for 8 years, giving predictability to companies and investors, so they can go out and do what is best for this country, extending the program to 2019. It increases the allocations available for the small business community over time from 2.5 percent to 3.5 percent. It increases the individual size of the grants from $100,000 to $150,000 in phase I and in phase II from $750,000 to $1 million. It does one other thing that is critically important.…”