To amend the Small Business Act to permit business concerns that are owned by venture capital operating companies or pension plans to participate in the Small Business Innovation Research Program.

[AI summary unavailable — showing source text] Amends the Small Business Act to state that a business shall not be prevented from participating in the Small Business Innovation Research Program (a program under which a portion of Federal agencies' research and development efforts is reserved for award to small businesses) solely because the business is owned in part by: (1) a venture capital operating company managed and controlled by one or more U.S. citizens or permanent resident aliens; or (2) an employee benefit or pension plan.…