Commercializing on Small Business Innovation Act of 2016

[AI summary unavailable — showing source text] Commercializing on Small Business Innovation Act of 2016 This bill reauthorizes for FY2017-FY2022 both the Small Business Innovation Research (SBIR) Program and the Small Business Technology Transfer (STTR) Program. The bill also: increases required expenditure amounts for those programs for each of those fiscal years, revises SBIR and STTR reporting requirements, requires indexing of SBIR and STTR awards for inflation, and converts from authorizations to requirements certain features of the Department of Defense Commercialization Readiness Program. The Small Business Administration shall modify its policy directives to make clear that HUBZone (Historically Underutilized Business Zone) small business concerns owned and controlled by Alaska Native Corporations, Indian tribal governments, and Native Hawaiian Organizations are eligible to receive SBIR and STTR awards.…