The original grant notice is a good thing to read. They properly justify the cuts, and I think it's something that a lot of people would agree with - why is up to 70% of grant money being sent to "administration and overhead" at giant private universities? My small LLC is currently applying for an SBIR grant, and we were capped to 40% unless we provided a big justification - which we can't, because we're too small to justify anything like that. Meanwhile, big organizations and universities can throw their weight around and bully the government into handing them more money to do who-knows-what with. Maybe build a nice shiny new sports center with.

This is a good reform - even though it will cost my LLC about $75k in indirect costs that we might have been able to bill (40% -> 15%). I'm more confident in my ability to reduce our indirect costs and compete on a level-playing field with everyone else.