On Friday, September 30, President Biden signed into Law the "SBIR and STTR Extension Act of 2022," which, according to a press release on the White House's website, "which authorizes the Small Business Innovation Research (SBIR), Small Business Technology Transfer (STTR), and six related pilot programs through Fiscal Year 2025."
“Passing this important bill gives our nation’s innovative small businesses and research institutions the certainty they need to continue developing the technology that will power the economy of tomorrow," said Senator Ben Cardin (D-Maryland).
It also codifies the requirement of agencies part of the program to assess "potential risk posed by program applicants' foreign ties.