covered year
(3) Administrative costs (A) In general In addition to the amount allocated under subsection (mm)(1), each Federal agency required to establish an SBIR program may allocate not more than 2 percent of the funds allocated to the SBIR program of the Federal agency for the cost of establishing the due diligence program required under this subsection. (B) Reporting (i) In general Not later than December 31 of the year in which this subparagraph is enacted, and not later than December 31 of each year thereafter, the head of a Federal agency that exercises the authority under subparagraph (A) shall submit to the Committee on Small Business and the Committee on Science, Space, and Technology of the House of Representatives, the Committee on Small Business and Entrepreneurship of the Senate, and the Administrator, for the covered year— (I) the total funds allowed to be allocated for the cost of establishing the due diligence program required under this subsection; (II) the total amount of funds obligated or expended under subparagraph (A); and (III) the due diligence activities carried out or to be carried out using amounts allocated under subparagraph (A). (ii) Annual report inclusion The Administrator shall include the information submitted by head of a Federal agency under clause (i) in the next annual report submitted under subsection (b)(7) after the Administrator receives such information. (iii) Covered year In this subparagraph, the term “covered year” means, with respect to the information required under clause (i), the year covered by the annual report submitted under subsection (b)(7) in which the Administrator is required to include such information by clause (ii). (C) Termination date This paragraph shall terminate on September 30, 2025 .