House Proceeding 03-17-09 on Mar 17th, 2009 :: 2:32:30 to 2:35:30
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2:32:26 to 2:32:46( Edit History Discussion )

David Wu: changes to s.b.a. programs. i urge all of my colleagues to suspend the rules and pass h.r. 1541. mr. speaker, i'd reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentlewoman fro ms. velazquez: i yield to the

2:32:30 to 2:35:30( Edit History Discussion )
Speech By: David Wu

2:32:47 to 2:33:09( Edit History Discussion )

David Wu: gentleman from oregon, mr. wu, for three minutes. the speaker pro tempore: the gentleman is recognized for three minutes. mr. wu: as president obama said recently, small businesses are the heart of the american economy. they are responsible for half of all private sector jobs, and they've created about 70% of all new jobs in the past 10 years. we need to build our economy

2:33:10 to 2:33:31( Edit History Discussion )

David Wu: from the ground up, create stable jobs and foster innovation that will lead to long-term growth. to do this we need to support the small high-tech companies that grow our economy. these innovative small businesses through the small business innovative research program and the small business technology transfer program

2:33:32 to 2:33:53( Edit History Discussion )

David Wu: which help companies commercialize federally funded research. the programs now distribute more than $2.5 billion each year and constitute the largest tech transfer commercialization programs that we have in the federal government. however, these programs must be updated to reflect the current

2:33:54 to 2:34:15( Edit History Discussion )

David Wu: innovation environment, award reflect inflation and the growth of operating costs. the issue of venture cap participation needs to be resolved. flexibility must be instilled between phase one and phase two grants. and data collection needs to be improved so that we can better target the program and

2:34:16 to 2:34:36( Edit History Discussion )

David Wu: determine its effectiveness. last year, the house overwhelmingly passed h.r. 5819 which made these necessary changes based on suggestions from hearings that my technology and innovation subcommittee and in conjunction with our work with chairwoman velazquez and rank graves.

2:34:37 to 2:34:59( Edit History Discussion )

David Wu: however, good legislation, once again, died in the other chamber and today we find the house needing to pass an extension to keep these programs alive. this extension is necessary because the s.b.a. and sbir serve important purposes. but moving forward, if we are to continue realizing the full

2:35:00 to 2:35:21( Edit History Discussion )

David Wu: value of programs like sbir, we must authorize them with changes that reflect the evolving innovation environment rather than simply extending the current authorization. it must be an innovation program as well as a jobs and small business program. at a time when credit is tight and jobs are scarce, sbir and

2:35:22 to 2:35:31( Edit History Discussion )

David Wu: sttr can have a significant role in jump-starting our economy. the house and senate need to pass legislation this year that will re-authorize these