Lawmakers Probe Alleged China Abuse of US Programs for Startups.

The Republican leaders of three US House committees are investigating China's alleged exploitation of federal funding programs meant to support American startups and small businesses. The investigation focuses on the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which have provided over $60 billion in awards. Concerns about China's involvement in these programs have led to calls for increased vetting and oversight to safeguard against potential national security risks. Congress extended the programs through 2025, but questions remain about their effectiveness in addressing China-related concerns. [Extracted from the article]

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