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Federal Funding Briefing, March 2024

March 27, 2024 / Sharon Walsh / Blog Posts
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JAMESON-SELECTED NEWS, STORIES & INSIGHTS

In this Federal Funding Briefing, we re-cap some of the news we shared in March, including agency R&D budgets, a look inside a DOJ investigation into federal research grant fraud, and important dates for SBIR/STTR grantees and contractors.

We Followed the Money: March News on Federal Funding for R&D

The House and Senate Appropriations Committees released their first package of FY2024 appropriations bills early March, boosting the DoE’s Office of Science budget to $8.2 billion, $140 million more than the enacted FY2023 level. Read article.

Congress gave the NIH a budget of $47.1 billion for 2024. The $300 million increase falls short of the $920 million requested. However, Alzheimer’s and  mental health research, as well as research grants at the National Cancer Institute received raises. Read article.

It’s back! March 20th marked the reintroduction of the bicameral American Innovation Act. If passed, the Act will provide annual budget increases plus inflation for cutting edge research at the five federal research agencies. Read article.

Stay Compliant: An Analysis of a DOJ Investigation into Stanford R&D Grants

Get a deeper look at the three-year Department of Justice investigation into Stanford University on failure to disclose foreign support in federal research grant proposals. The investigation culminated in a nearly $2 million settlement. Read or listen to article.

April Brings Fresh Opportunities for SBIR/STTR Grantees

NIH or DoE grants come with unique accounting requirements —and federal audits. Learn how to set up a compliant accounting system, monitor and manage your indirect cost rates, and avoid audit findings. Register for our free webinar, Understanding the Financial Strings Attached to your Government Funding, 1-2 PM EST on April 18th. Register today.

The U.S. Army SBIR program just launched Phase I and Direct to Phase II contract opportunities for artificial intelligence, machine learning, and sensors. Open submission window for each opened March 20th and will close April 23rd. Read the article.

The SBIR/STTR Spring Innovation Conference is June 17-19, 2024 in Washington D.C. Don’t miss the full day SBIR/STTR Innovator Workshop on Wednesday, June 19th. It’s a great opportunity to learn from experts about the SBIR/STTR program, SBIR/STTR accounting basics (featuring Ed Jameson), and Phase I and Phase II proposal development. Early bird registration ends April 26th. Register today.

For daily insights on  federal funding and government award accounting, follow us on X and LinkedIn.

 

 

Ed Jameson, CPA, Managing Partner

I’ve been in practice for over 40 years helping our small business clients procure, manage, and survive audits on more than $6 billion in federal government contract and grant funding. We’ve been featured presenters and panel moderators at Tech Connect’s National SBIR/STTR conferences since 2010, and I’ve presented at the DOD’s Mentor Protégé Summit and present regularly for several state and local organizations.