This bill aims to improve transparency for small businesses applying for federal research and development grants. It amends the Small Business Act to require federal agencies to provide enhanced debriefing materials to small business concerns that are denied Phase I, Phase II, or Phase III awards under the Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs. This new process is initiated upon a small business's request within 14 business days of an award denial. The enhanced debriefing must include an evaluation of significant deficiencies in the proposal, an overall ranking relative to other proposals, and a summary of the rationale for the denial . Furthermore, the bill grants small businesses an opportunity to submit additional questions related to the debriefing within seven business days, with agencies required to provide answers within 14 business days.