Advancing Tech Startups Act
Bill: H.R.5476 | Sponsor: Rep. Johnson, Bill (R-OH)
Policy area: Commerce

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.

To require the Secretary of Commerce to conduct a study on tech 
                   startups, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Advancing Tech Startups Act''.

SEC. 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.
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