Yesterday, President Trump signed , the 鈥淪mall Business Innovation and Economic Security Act.鈥� This legislation reauthorizes the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs through 2031. Since 1982, the SBIR and STTR programs, known together as America鈥檚 Seed Fund, have invested more than $81 billion into over 34,000 small businesses. Authorization had lapsed as of September 30, freezing billions of dollars in funding across multiple agencies, as Congress debated new program reforms. This five-year extension is the longest extension in the program鈥檚 history. The legislation reforms include significant security screening expansion, proposal submission caps, and a 鈥渟trategic breakthrough鈥� award mechanism allowing for larger award amounts.