Advancing Tech Startups Act
Bill: H.R.3708 | 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 and small businesses 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 and small businesses; (2) establishing a list of federal agencies asserting jurisdiction over entities and industry sectors dedicated to technology startup companies and small businesses; and (3) assessing risks and trends in relevant marketplaces and supply chains that impact technology startup companies and small businesses 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 and small businesses.

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 AND SMALL BUSINESSES 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 and small businesses on the United States 
        economy.
            (2) Requirements for study.--In conducting the study, the 
        Secretary shall do the following:
                    (A) Conduct a survey on technology startup 
                companies and small businesses in the United States 
                through outreach to participating entities 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 and 
                        small businesses;
                            (ii) provide a description of the 
                        activities of such locations with respect to 
                        the creation, development, and growth of 
                        technology startup companies and small 
                        businesses, 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 small businesses; and
                            (iv) provide a description of the 
                        activities of such public-private partnerships 
                        to create, develop, and grow technology startup 
                        companies and small businesses.
                    (B) Conduct a survey of Federal activity related to 
                innovation to--
                            (i) establish a comprehensive list of 
                        Federal agencies asserting jurisdiction over 
                        entities and industry sectors dedicated to the 
                        creation, development, and growth of technology 
                        startup companies and small businesses;
                            (ii) identify all interagency activities 
                        related to such activities;
                            (iii) develop a brief description of the 
                        jurisdiction and expertise of the Federal 
                        agencies identified under clause (i); and
                            (iv) identify each Federal rule, 
                        regulation, guideline, policy, and other 
                        Federal activity implemented by each Federal 
                        agency as it relates to any State, city, or 
                        geographic area dedicated to the creation, 
                        development, and growth of technology startup 
                        companies and small businesses.
                    (C) Conduct an international survey of other 
                countries to establish a compendium of at least 10 and 
                not more than 15 countries consisting of each country's 
                approach to innovation to determine where the United 
                States ranks regarding a regulatory environment that 
                supports the creation, development, and growth of 
                technology startup companies and small businesses.
                    (D) Conduct a survey of relevant marketplaces and 
                supply chains impacting the creation, growth, and 
                development of technology startup companies and small 
                businesses in the United States to--
                            (i) assess the severity of risks posed to 
                        such marketplaces and supply chains;
                            (ii) review the ability of foreign 
                        governments or third parties to exploit such 
                        supply chains in a manner that raises risks to 
                        the economic and national security of the 
                        United States; and
                            (iii) 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 a report that contains--
            (1) the results of the study conducted under subsection 
        (a); and
            (2) recommendations to--
                    (A) address any duplicative Federal rule, 
                regulation, guideline, policy, and other Federal 
                activity acting as a barrier to creation, development, 
                and growth of technology startup companies and small 
                businesses;
                    (B) develop and implement a comprehensive plan to 
                promote the creation, development, and growth of 
                technology startup companies and small businesses;
                    (C) develop policies that States can adopt to 
                encourage the creation, development, and growth of 
                technology startup companies and small businesses in 
                the United States;
                    (D) develop strategies to mitigate current and 
                emerging risks to relevant marketplaces and supply 
                chains impacting the creation, growth, and development 
                of technology startup companies and small businesses; 
                and
                    (E) develop legislation to accomplish such 
                recommendations.
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