WASHINGTON, March 18 -- Sen. Chris Coons issued the following press release:

U.S. Senators Chris Coons (D-Del.) and John Curtis (R-Utah) celebrated the passage of a bill to reauthorize the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs that contained a key section of his Research Advancing to Market Production (RAMP) for Innovators Act. The House passed the bill, the Small Business Innovation and Economic Security Act, this week, following Senate passage in early March.

SBIR and STTR are crucial programs that drive federal R&D investments to small businesses and startups. As part of the bill to reauthorize them, Congress approved a portion of Senator Coons' bipartisan RAMP for Innovators A...