; (2) provide specific information regarding eligibility, participation, and affiliation rules to such small business concerns; and (3) preserve and maintain the integrity of the SBIR program as a program for small business concerns in the United States by prohibiting large entities or foreign-owned entities from participation in the SBIR program. (b) Domestic investment pilot program (1) In general Not later than 1 year after the date of the enactment of this Act and notwithstanding the requirements of section 9(dd) of the Small Business Act ( 15 U.S.C. 638(dd) ), the Secretary of Defense shall create and administer a program to be known as the Domestic Investment Pilot Program under which the Secretary and the service acquisition executive for each military department may make a SBIR award to a small business concern that is majority-owned by multiple venture capital operating companies, hedge funds, or private equity firms without providing the written determination described under paragraph (2) of such section 9(dd). (2) Limitation The Secretary of Defense may award not more than 15 percent of the funds allocated for the SBIR program of the Department of Defense under section 9(f) of the Small Business Act ( 15 U.S.C. 638(f) ) to small business concerns that are owned in majority part by multiple venture capital operating companies, hedge funds, or private equity firms through competitive, merit-based procedures that are open to all eligible small business concerns. (3) Evaluation criteria In carrying out the Domestic Investment Pilot Program, the Secretary of Defense may not use investment of venture capital or investment from hedge funds or private equity firms as a criterion for the award of contracts under the SBIR program or STTR program. (4) Annual reporting The Secretary of Defense shall include as part of each annual report required under section 9(b)(7) of the Small Business Act (15 U.S.C. 638(9)(b)(7))— (A) information on the implementation of the Domestic Investment Pilot Program