Small Business Innovation Voucher Act of 2025

# Small Business Innovation Voucher Act of 2025 - Summary **What the Bill Would Do** The Small Business Innovation Voucher Act of 2025 would create a voucher program to help small businesses access innovation and research services. While specific details aren't fully detailed in the available information, this type of voucher program typically provides small companies with funding or credits they can use to purchase services from research institutions, universities, or private consultants to develop new products, improve processes, or solve technical challenges. **Who It Affects** The bill would primarily benefit small businesses by reducing barriers to accessing expensive research and innovation support services that they might not otherwise afford. It could also benefit research institutions and consulting firms that provide these services, as they would gain new clients and funding sources. **Current Status** As of now, the bill (S.

3415) is in committee and has not yet advanced further in the legislative process. It was sponsored by Senator Catherine Cortez Masto (D-Nevada). The bill would need to pass through committee review, floor votes in both the Senate and House, and presidential approval to become law.