Legis Daily

FAST Fix Act of 2023

USA118th CongressS-1003| Senate 
| Updated: 3/28/2023
James E. Risch

James E. Risch

Republican Senator

Idaho

Cosponsors (6)
Catherine Cortez Masto (Democratic)Jacky Rosen (Democratic)John Hoeven (Republican)Mike Crapo (Republican)Lisa Murkowski (Republican)Shelley Moore Capito (Republican)

Small Business and Entrepreneurship Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
FAST Fix Act of 2023 This bill modifies provisions governing the administration of the Federal and State Technology Partnership (FAST) program. Specifically, the bill encourages FAST program grants to be awarded to small businesses in underperforming states by requiring the Small Business Administration (SBA) to prioritize such applicants and authorizing the SBA to provide additional assistance to such applicants. The bill defines underperforming states as being the 18 states that receive the fewest Small Business Innovation Research and Small Business Technology Transfer awards. Additionally, the bill removes the limit on the number of proposals that may be submitted for inclusion in the FAST program to provide services in any one state. The bill also lowers the matching requirements for the bottom tier of FAST recipients, sets limits on the amount of each award, and extends the period for distribution of grants to two years.
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Timeline

Bill from Previous Congress

S 116-2023
FAST Fix Act of 2019

Bill from Previous Congress

S 117-802
FAST Fix Act of 2021
Mar 28, 2023
Introduced in Senate
Mar 28, 2023
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • Bill from Previous Congress

    S 116-2023
    FAST Fix Act of 2019


  • Bill from Previous Congress

    S 117-802
    FAST Fix Act of 2021


  • March 28, 2023
    Introduced in Senate


  • March 28, 2023
    Read twice and referred to the Committee on Small Business and Entrepreneurship.

Commerce

FAST Fix Act of 2023

USA118th CongressS-1003| Senate 
| Updated: 3/28/2023
FAST Fix Act of 2023 This bill modifies provisions governing the administration of the Federal and State Technology Partnership (FAST) program. Specifically, the bill encourages FAST program grants to be awarded to small businesses in underperforming states by requiring the Small Business Administration (SBA) to prioritize such applicants and authorizing the SBA to provide additional assistance to such applicants. The bill defines underperforming states as being the 18 states that receive the fewest Small Business Innovation Research and Small Business Technology Transfer awards. Additionally, the bill removes the limit on the number of proposals that may be submitted for inclusion in the FAST program to provide services in any one state. The bill also lowers the matching requirements for the bottom tier of FAST recipients, sets limits on the amount of each award, and extends the period for distribution of grants to two years.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-2023
FAST Fix Act of 2019

Bill from Previous Congress

S 117-802
FAST Fix Act of 2021
Mar 28, 2023
Introduced in Senate
Mar 28, 2023
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • Bill from Previous Congress

    S 116-2023
    FAST Fix Act of 2019


  • Bill from Previous Congress

    S 117-802
    FAST Fix Act of 2021


  • March 28, 2023
    Introduced in Senate


  • March 28, 2023
    Read twice and referred to the Committee on Small Business and Entrepreneurship.
James E. Risch

James E. Risch

Republican Senator

Idaho

Cosponsors (6)
Catherine Cortez Masto (Democratic)Jacky Rosen (Democratic)John Hoeven (Republican)Mike Crapo (Republican)Lisa Murkowski (Republican)Shelley Moore Capito (Republican)

Small Business and Entrepreneurship Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted