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House Proceeding 07-08-09 on Jul 8th, 2009 :: 0:43:00 to 0:45:10
Total video length: 1 hours 35 minutes Stream Tools: Stream Overview | Edit Time

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Allyson Y. Schwartz

0:42:57 to 0:43:17( Edit History Discussion )

Allyson Y. Schwartz: subcommittee chairman, and mr. tmire, for taking charge on this bill and i yield back the balance of my time. the chai the gentleman from missouri. mr. graves: i reserve the balance of my time, mr. chairman. the chair: the gentleman from oregon. mr. : reserve the balance of

Allyson Y. Schwartz

0:43:00 to 0:45:10( Edit History Discussion )
Speech By: Allyson Y. Schwartz

Allyson Y. Schwartz

0:43:18 to 0:43:39( Edit History Discussion )

Allyson Y. Schwartz: my time. the chair: the gentlewoman from new york. ms. velazquez: mr. chairman, i yield to the gentlelady from pennsylvania, ms. schwartz, two minutes. the chair: the gentlewoman from pennsylvania is recognized for two minutes. mrs.chwartz: thank you very much. i rise today in support of enhancing small business research and innovation act. ingenuity and innovation are key to the u.s. economy.

Allyson Y. Schwartz

0:43:40 to 0:44:01( Edit History Discussion )

Allyson Y. Schwartz: in pennsylvania thbioscience industry employs more than 77,000 people in good paying jobs. the industry develops life saving pharmaceuticals, medical equipment and vices that are important here at home and around the world. in order to develop these important technologies, these companies need access to early capital. to move their products from the

Allyson Y. Schwartz

0:44:02 to 0:44:22( Edit History Discussion )

Allyson Y. Schwartz: research phase into commercial development. small business programs, particularly sbir and sttr programs, are important tools for our country's entrepreneurs to bring their ideas to market. however, underrules established by the previous administration, companies with large investments from venture capital, were

Allyson Y. Schwartz

0:44:23 to 0:44:44( Edit History Discussion )

Allyson Y. Schwartz: ineligible to participate in the sbir program. this ruling created an unfortunate situation where companies had to choose between utilizing these federal business ipping baiter resourcer or raid -- incubor resources or raising venture capital investment. both important to growing their business. the bill before us today overturns this prior policy,

Allyson Y. Schwartz

0:44:45 to 0:45:06( Edit History Discussion )

Allyson Y. Schwartz: enables pennsylvania and bioscience companies and companies around the country, to utilize these important federal resources and seek the private investment capital. former congressman from pennsylvania, jim greenwood, and now president to the biotech industry organization, has said that this bill will help to ensure that small u.s. biotech companies have increased access

Allyson Y. Schwartz

0:45:07 to 0:45:10( Edit History Discussion )

Allyson Y. Schwartz: to capital for cutting edge early stage research.

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