This bill, titled the "SBIR/STTR Website Improvement Act," seeks to amend the Small Business Act to significantly enhance transparency within the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. It mandates that federal agencies with these programs collect and make available more detailed information regarding the recipients of awards.

A primary focus of the legislation is to require reporting on research institutions subcontracted by award recipients. This new data collection applies to all phases of SBIR awards (Phase I, Phase II, and Phase III) and STTR awards (Phase I and Phase II), ensuring a comprehensive view of research partnerships.

For each subcontracted research institution, agencies must report its name and location. Furthermore, the bill requires classification of these institutions into specific categories: whether they are an institution of higher education, a nonprofit institution (excluding higher education), or a federally funded research and development center (FFRDC).

The bill also specifies that for subcontracted institutions identified as institutions of higher education, agencies must collect and report additional demographic designations. This includes identifying if they are a Hispanic-serving institution, a Tribal College or University, an Alaska Native-serving institution, a Native Hawaiian-serving institution, a Predominantly Black Institution, an Asian American and Native American Pacific Islander-serving institution, or a Native American-serving nontribal institution.

Finally, the bill updates the central database maintained by the Small Business Administration to include all this new information for all relevant award phases. It sets a deadline of one year after enactment for the Administrator to ensure the database is fully updated with these expanded reporting requirements.