Unfortunately, both these programs are shut down for the first time for the last five months due to the Senate's inability to pass a short term clean reauthorization while negotiations continue. This lapse created uncertainty for small businesses, delayed critical innovation and risked allowing critical technology to fall into the hands of foreign adversaries. This reauthorization package contains several bipartisan reforms that restore stability and strengthen the programs by safeguarding American technology, reducing administrative burdens and accelerating the development of emerging technologies. (01:19–01:30)
CLAIM
Asserts that the shutdown caused uncertainty, delayed innovation, and posed security risks.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
