Advancing Tech Startups Act

To require the Secretary of Commerce to conduct a study on tech startups, and for other purposes. 1. Short title This Act may be cited as the Advancing Tech Startups Act 2. Technology startup companies study (a) In general (1) Study required Not later than 2 years after the date of the enactment of this Act, the Secretary of Commerce, in coordination with the head of any other appropriate Federal agency, shall conduct a study on the impact of technology startup companies on the United States economy. (2) Requirements for study In conducting the study, the Secretary shall do the following: (A) Develop and conduct a survey on technology startup companies in the United States through outreach to participating entities, as appropriate, to— (i) establish a list of locations, including any State, city, or geographic area, dedicated to the creation, development, and growth of technology startup companies; (ii) provide a description of the activities of such locations with respect to the creation, development, and growth of technology startup companies, including any incubators, accelerators, or other activity dedicated to such creation, development, and growth; (iii) establish a list of public-private partnerships focused on promoting the creation, development, and growth of technology startup companies; and (iv) provide a description of the activities of such public-private partnerships to create, develop, and grow technology startup companies. (B) Develop a comprehensive list of Federal agencies asserting jurisdiction over entities and industry sectors dedicated to the creation, development, and growth of technology startup companies. (C) Identify all interagency activities taking place among the Federal agencies listed under subparagraph (B). (D) Develop a brief description of the jurisdiction and expertise of the Federal agencies identified under subparagraph (B). (E) Identify each Federal rule, regulation, guideline, policy, and other Federal activity implemented by each Federal agency under subparagraph (B) as it relates to any State, city, or geographic area dedicated to the creation, development, and growth of technology startup companies. (F) Conduct a survey of relevant marketplaces and supply chains impacting the creation, growth, and development of technology startup companies in the United States to— (i) assess the severity of risks posed to such marketplaces and supply chains; and (ii) identify emerging risks and long-term trends in such marketplaces and supply chains. (b) Report to Congress Not later than 6 months after the completion of the study required pursuant to subsection (a), the Secretary, in coordination with the head of any other appropriate Federal agency, shall submit to the Committee on Energy and Commerce of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate, and make publicly available on their respective websites, a report that contains— (1) the results of the study conducted under subsection (a); and (2) recommendations to— (A) develop and implement a comprehensive plan to promote the creation and growth of technology startup companies; (B) develop policies that States can adopt to encourage the creation and growth of technology startup companies in the United States; (C) develop strategies to mitigate current and emerging risks to relevant marketplaces and supply chains impacting the creation and growth of technology startup companies; and (D) develop legislation to accomplish such recommendations.

Summary: Advancing Tech Startups Act This bill requires the Department of Commerce to study and report on the impact of technology startup companies on the U.S. economy. Such study shall involve, among other things, (1) describing the activities of identified locations that are dedicated to the creation, development, and growth of technology startup companies; (2) establishing a list of federal agencies asserting jurisdiction over entities and industry sectors dedicated to technology startup companies; and (3) assessing risks and trends in relevant marketplaces and supply chains that impact technology startup companies in the United States. Commerce must report to Congress the results of such study and any recommendations to promote the creation, development, and growth of technology startup companies.