(B) the Committee on Energy and Com-
merce of the House of Representatives. 
(2) 
ENTREPRENEUR.—The 
term 
‘‘entre-
preneur’’ means an individual who founded, or is a 
member of a group that founded, a United States 
business. 
(3) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Commerce. 
(4) UNITED
STATES
BUSINESS.—The term 
‘‘United States business’’ means a corporation, part-
nership, association, joint-stock company, business 
trust, unincorporated organization, or sole propri-
etorship that— 
(A) has its principal place of business in 
the United States; or 
(B) is organized under the laws of a State 
of the United States or a territory, possession, 
or commonwealth of the United States. 
SEC. 4. ASSESSMENT AND ANALYSIS. 
(a) ASSESSMENT AND ANALYSIS REQUIRED.—Not 
later than 2 years after the date of enactment of this Act, 
the Secretary, in consultation with the Director of the Bu-
reau of the Census and the Director of the Bureau of Eco-
nomic Analysis of the Department of Commerce, shall con-
duct an assessment and analysis regarding the reasons for 
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the state of the formation of new United States businesses 
during a period— 
(1) that the Secretary determines appropriate 
based on the data described in subsection (b)(1)(A); 
and 
(2) ending on the date on which the assessment 
and analysis is conducted. 
(b) CONSIDERATIONS AND CONSULTATION.— 
(1) IN
GENERAL.—In conducting the assess-
ment and analysis required under subsection (a), the 
Secretary shall— 
(A) notwithstanding any other provision of 
Federal law, and subject to paragraph (2), re-
view data collected and maintained by— 
(i) the Bureau of the Census; 
(ii) the Bureau of Economic Analysis; 
(iii) the Bureau of Labor Statistics; 
(iv) the Small Business Administra-
tion; 
(v) the Department of the Treasury; 
(vi) the Board of Governors of the 
Federal Reserve System; and 
(vii) any other Federal or State agen-
cy, or public or private sector organization, 
that the Secretary determines appropriate; 
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(B) with respect to the formation of new 
United States businesses, consider the impact 
of— 
(i) demographic changes caused by an 
aging workforce and slowing population 
growth; 
(ii) increased industry concentration 
and whether such concentration may make 
it more difficult for new market entrants 
to compete with established companies; 
(iii) increased risk-aversion following 
the financial crisis and recession that oc-
curred in 2008 and 2009 and deterioration 
of household balance sheets; 
(iv) difficulties relating to access to 
capital, particularly difficulties encountered 
by underserved populations, women, and 
members of minority groups; 
(v) the concentration of venture cap-
ital in only a few cities; 
(vi) record levels of student debt; 
(vii) inefficiencies or other difficulties 
relating to the commercialization of feder-
ally funded research and innovation; 
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(viii) regulatory burden, overlap, com-
plexity, and uncertainty at the Federal and 
State levels; 
(ix) aspects of the Internal Revenue 
Code of 1986 that penalize, obstruct, or 
otherwise disadvantage new businesses, or 
investors in new businesses, relative to in-
cumbent businesses, or investors in incum-
bent businesses, respectively; 
(x) foreign-born entrepreneurs and 
the impact of those entrepreneurs on job 
creation; and 
(xi) any other factor that the Sec-
retary determines appropriate; and 
(C) consult with— 
(i) the heads of any agencies and of-
fices of the Federal Government that the 
Secretary determines appropriate, includ-
ing— 
(I) the Secretary of the Treasury; 
(II) the Secretary of Labor; 
(III) the Administrator of the 
Small Business Administration; 
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(IV) the Chief Counsel of the Of-
fice of Advocacy of the Small Busi-
ness Administration; and 
(V) the Board of Governors of 
the Federal Reserve System; 
(ii) entrepreneurs, including entre-
preneurs who are women or members of 
minority groups, especially those entre-
preneurs who founded United States busi-
nesses that experienced rapid growth; and 
(iii) representatives from consumer, 
community, and entrepreneurship advocacy 
organizations. 
(2) CONFIDENTIALITY.—With respect to data 
reviewed by the Secretary under paragraph (1)(A), 
the Secretary shall ensure that the data is subject 
to the same confidentiality requirements and protec-
tions as the confidentiality requirements and protec-
tions of the agency or entity, as applicable, providing 
the data. 
(c) REPORT.—The Secretary shall submit to the ap-
propriate committees of Congress a report regarding the 
findings of the Secretary with respect to the assessment 
and analysis conducted under subsection (a). 
Æ 
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