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    <title>Fiscal Receipts — VC-25B (0401319F)</title>
    <link>https://fiscalreceipts.com/program/0401319F/</link>
    <description>Budget and award signals for program element 0401319F (VC-25B), each with its dollar magnitude and a link to the receipt.</description>
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    <lastBuildDate>Sun, 27 Sep 2026 02:13:17 GMT</lastBuildDate>
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      <title>VC-25B award concentration HHI=10000 (2020) — FY2020 matched obligations $757.8M</title>
      <link>https://fiscalreceipts.com/program/0401319F/</link>
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      <pubDate>Sun, 27 Sep 2026 02:13:17 GMT</pubDate>
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      <description>&lt;p&gt;VC-25B award concentration HHI=10000 (2020)&lt;/p&gt;&lt;p&gt;FY2020 matched obligations $757.8M&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/057c510a&quot;&gt;Receipt: fact 057c510a&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/0bee6e22&quot;&gt;FY2020 matched obligations: $757.8M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
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        <fr:point role="to" label="FY2020 matched obligations" fy="2020" value="757816030.94" display="$757.8M" fact="0bee6e22f0ffb625" href="https://fiscalreceipts.com/fact/0bee6e22"/>
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      <title>VC-25B award concentration HHI=10000 (2019) — FY2019 matched obligations $727.2M</title>
      <link>https://fiscalreceipts.com/program/0401319F/</link>
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      <pubDate>Sun, 27 Sep 2026 02:13:17 GMT</pubDate>
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      <description>&lt;p&gt;VC-25B award concentration HHI=10000 (2019)&lt;/p&gt;&lt;p&gt;FY2019 matched obligations $727.2M&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/13cb9286&quot;&gt;Receipt: fact 13cb9286&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/e60a7444&quot;&gt;FY2019 matched obligations: $727.2M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
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        <fr:point role="to" label="FY2019 matched obligations" fy="2019" value="727191401.99" display="$727.2M" fact="e60a744465fd6ddd" href="https://fiscalreceipts.com/fact/e60a7444"/>
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      <title>VC-25B award concentration HHI=10000 (2021) — FY2021 matched obligations $668.7M</title>
      <link>https://fiscalreceipts.com/program/0401319F/</link>
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      <pubDate>Sun, 27 Sep 2026 02:13:17 GMT</pubDate>
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      <description>&lt;p&gt;VC-25B award concentration HHI=10000 (2021)&lt;/p&gt;&lt;p&gt;FY2021 matched obligations $668.7M&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/c770460b&quot;&gt;Receipt: fact c770460b&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/74d49623&quot;&gt;FY2021 matched obligations: $668.7M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/c770460b"/>
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        <fr:point role="to" label="FY2021 matched obligations" fy="2021" value="668667330.19" display="$668.7M" fact="74d49623bbc86a8b" href="https://fiscalreceipts.com/fact/74d49623"/>
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    <item>
      <title>VC-25B award concentration HHI=10000 (2017) — FY2017 matched obligations $484.7M</title>
      <link>https://fiscalreceipts.com/program/0401319F/</link>
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      <pubDate>Sun, 27 Sep 2026 02:13:17 GMT</pubDate>
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      <description>&lt;p&gt;VC-25B award concentration HHI=10000 (2017)&lt;/p&gt;&lt;p&gt;FY2017 matched obligations $484.7M&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/0070fc06&quot;&gt;Receipt: fact 0070fc06&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/336498da&quot;&gt;FY2017 matched obligations: $484.7M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/0070fc06"/>
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        <fr:point role="to" label="FY2017 matched obligations" fy="2017" value="484691456.87" display="$484.7M" fact="336498daf0aabea5" href="https://fiscalreceipts.com/fact/336498da"/>
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    <item>
      <title>VC-25B award concentration HHI=10000 (2018) — FY2018 matched obligations $410.9M</title>
      <link>https://fiscalreceipts.com/program/0401319F/</link>
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      <pubDate>Sun, 27 Sep 2026 02:13:17 GMT</pubDate>
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      <description>&lt;p&gt;VC-25B award concentration HHI=10000 (2018)&lt;/p&gt;&lt;p&gt;FY2018 matched obligations $410.9M&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/ecb3c2b5&quot;&gt;Receipt: fact ecb3c2b5&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/5011abc9&quot;&gt;FY2018 matched obligations: $410.9M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
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        <fr:point role="to" label="FY2018 matched obligations" fy="2018" value="410869823.77" display="$410.9M" fact="5011abc93e2a5f93" href="https://fiscalreceipts.com/fact/5011abc9"/>
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    <item>
      <title>VC-25B award concentration HHI=10000 (2022) — FY2022 matched obligations $356.7M</title>
      <link>https://fiscalreceipts.com/program/0401319F/</link>
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      <pubDate>Sun, 27 Sep 2026 02:13:17 GMT</pubDate>
      <category>concentration_shift</category>
      <description>&lt;p&gt;VC-25B award concentration HHI=10000 (2022)&lt;/p&gt;&lt;p&gt;FY2022 matched obligations $356.7M&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/e3837566&quot;&gt;Receipt: fact e3837566&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/9451a612&quot;&gt;FY2022 matched obligations: $356.7M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/e3837566"/>
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        <fr:point role="to" label="FY2022 matched obligations" fy="2022" value="356653858.76" display="$356.7M" fact="9451a612951e9b08" href="https://fiscalreceipts.com/fact/9451a612"/>
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    <item>
      <title>VC-25B award concentration HHI=10000 (2026) — FY2026 matched obligations $330.2M</title>
      <link>https://fiscalreceipts.com/program/0401319F/</link>
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      <pubDate>Sun, 27 Sep 2026 02:13:17 GMT</pubDate>
      <category>concentration_shift</category>
      <description>&lt;p&gt;VC-25B award concentration HHI=10000 (2026)&lt;/p&gt;&lt;p&gt;FY2026 matched obligations $330.2M&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/374a920f&quot;&gt;Receipt: fact 374a920f&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/dc66915c&quot;&gt;FY2026 matched obligations: $330.2M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/374a920f"/>
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        <fr:point role="to" label="FY2026 matched obligations" fy="2026" value="330158053.49" display="$330.2M" fact="dc66915c7179487f" href="https://fiscalreceipts.com/fact/dc66915c"/>
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    <item>
      <title>VC-25B award concentration HHI=10000 (2025) — FY2025 matched obligations $155.0M</title>
      <link>https://fiscalreceipts.com/program/0401319F/</link>
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      <pubDate>Sun, 27 Sep 2026 02:13:17 GMT</pubDate>
      <category>concentration_shift</category>
      <description>&lt;p&gt;VC-25B award concentration HHI=10000 (2025)&lt;/p&gt;&lt;p&gt;FY2025 matched obligations $155.0M&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/fe659fba&quot;&gt;Receipt: fact fe659fba&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/415bc875&quot;&gt;FY2025 matched obligations: $155.0M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/fe659fba"/>
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        <fr:point role="to" label="FY2025 matched obligations" fy="2025" value="154974700.28" display="$155.0M" fact="415bc875b0cea3fd" href="https://fiscalreceipts.com/fact/415bc875"/>
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      <title>VC-25B award concentration HHI=10000 (2023) — FY2023 matched obligations $58.4M</title>
      <link>https://fiscalreceipts.com/program/0401319F/</link>
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      <pubDate>Sun, 27 Sep 2026 02:13:17 GMT</pubDate>
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      <description>&lt;p&gt;VC-25B award concentration HHI=10000 (2023)&lt;/p&gt;&lt;p&gt;FY2023 matched obligations $58.4M&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/2cc8c0fa&quot;&gt;Receipt: fact 2cc8c0fa&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/b674d71e&quot;&gt;FY2023 matched obligations: $58.4M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/2cc8c0fa"/>
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        <fr:point role="to" label="FY2023 matched obligations" fy="2023" value="58434805" display="$58.4M" fact="b674d71ec064e1a4" href="https://fiscalreceipts.com/fact/b674d71e"/>
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      <title>VC-25B award concentration HHI=10000 (2024) — FY2024 matched obligations $27.2M</title>
      <link>https://fiscalreceipts.com/program/0401319F/</link>
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      <pubDate>Sun, 27 Sep 2026 02:13:17 GMT</pubDate>
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      <description>&lt;p&gt;VC-25B award concentration HHI=10000 (2024)&lt;/p&gt;&lt;p&gt;FY2024 matched obligations $27.2M&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/1b5968a0&quot;&gt;Receipt: fact 1b5968a0&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/b1ef284e&quot;&gt;FY2024 matched obligations: $27.2M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
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        <fr:point role="to" label="FY2024 matched obligations" fy="2024" value="27202894.51" display="$27.2M" fact="b1ef284eea657560" href="https://fiscalreceipts.com/fact/b1ef284e"/>
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