Advancing Tech Startups Act

I 117TH CONGRESS 1ST SESSION H. R. 3708 To require the Secretary of Commerce to conduct a study on tech startups, and for other purposes. IN THE HOUSE OF REPRESENTATIVES JUNE 4, 2021 Mr. JOHNSON of Ohio introduced the following bill; which was referred to the Committee on Energy and Commerce, and in addition to the Committees on Small Business, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provi- sions as fall within the jurisdiction of the committee concerned A BILL 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 Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Advancing Tech 4 Startups Act’’. 5 SEC. 2. TECHNOLOGY STARTUP COMPANIES AND SMALL 6 BUSINESSES STUDY. 7 (a) IN GENERAL.— 8 VerDate Sep 11 2014 04:54 Jun 26, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H3708.IH H3708 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 3708 IH (1) STUDY REQUIRED.—Not later than 2 years 1 after the date of the enactment of this Act, the Sec- 2 retary of Commerce, in coordination with the head 3 of any other appropriate Federal agency, shall con- 4 duct a study on the impact of technology startup 5 companies and small businesses on the United 6 States economy. 7 (2) REQUIREMENTS FOR STUDY.—In con- 8 ducting the study, the Secretary shall do the fol- 9 lowing: 10 (A) Conduct a survey on technology start- 11 up companies and small businesses in the 12 United States through outreach to participating 13 entities to— 14 (i) establish a list of locations, includ- 15 ing any State, city, or geographic area, 16 dedicated to the creation, development, and 17 growth of technology startup companies 18 and small businesses; 19 (ii) provide a description of the activi- 20 ties of such locations with respect to the 21 creation, development, and growth of tech- 22 nology startup companies and small busi- 23 nesses, including any incubators, accelera- 24 VerDate Sep 11 2014 04:54 Jun 26, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H3708.IH H3708 kjohnson on DSK79L0C42PROD with BILLS 3 •HR 3708 IH tors, or other activity dedicated to such 1 creation, development, and growth; 2 (iii) establish a list of public-private 3 partnerships focused on promoting the cre- 4 ation, development, and growth of tech- 5 nology startup companies and small busi- 6 nesses; and 7 (iv) provide a description of the activi- 8 ties of such public-private partnerships to 9 create, develop, and grow technology start- 10 up companies and small businesses. 11 (B) Conduct a survey of Federal activity 12 related to innovation to— 13 (i) establish a comprehensive list of 14 Federal agencies asserting jurisdiction over 15 entities and industry sectors dedicated to 16 the creation, development, and growth of 17 technology startup companies and small 18 businesses; 19 (ii) identify all interagency activities 20 related to such activities; 21 (iii) develop a brief description of the 22 jurisdiction and expertise of the Federal 23 agencies identified under clause (i); and 24 VerDate Sep 11 2014 04:54 Jun 26, 2021 Jkt 019200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H3708.IH H3708 kjohnson on DSK79L0C42PROD with BILLS 4 •HR 3708 IH (iv) identify each Federal rule, regula- 1 tion, guideline, policy, and other Federal 2 activity implemented by each Federal agen- 3 cy as it relates to any State, city, or geo- 4 graphic area dedicated to the creation, de- 5 velopment, and growth of technology start- 6 up companies and small businesses. 7 (C) Conduct an international survey of 8 other countries to establish a compendium of at 9 least 10 and not more than 15 countries con- 10 sisting of each country’s approach to innovation 11 to determine where the United States ranks re- 12 garding a regulatory environment that supports 13 the creation, development, and growth of tech- 14 nology startup companies and small businesses. 15 (D) Conduct a survey of relevant market- 16 places and supply chains impacting the cre- 17 ation, growth, and development of technology 18 startup companies and small businesses in the 19 United States to— 20 (i) assess the severity of risks posed 21 to such marketplaces and supply chains; 22 (ii) review the ability of foreign gov- 23 ernments or third parties to exploit such 24 supply chains in a manner that raises risks 25 VerDate Sep 11 2014 04:54 Jun 26, 2021 Jkt 019200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\H3708.IH H3708 kjohnson on DSK79L0C42PROD with BILLS 5 •HR 3708 IH to the economic and national security of 1 the United States; and 2 (iii) identify emerging risks and long- 3 term trends in such marketplaces and sup- 4 ply chains. 5 (b) REPORT TO CONGRESS.—Not later than 6 6 months after the completion of the study required pursu- 7 ant to subsection (a), the Secretary, in coordination with 8 the head of any other appropriate Federal agency, shall 9 submit to the Committee on Energy and Commerce of the 10 House of Representatives and the Committee on Com- 11 merce, Science, and Transportation of the Senate a report 12 that contains— 13 (1) the results of the study conducted under 14 subsection (a); and 15 (2) recommendations to— 16 (A) address any duplicative Federal rule, 17 regulation, guideline, policy, and other Federal 18 activity acting as a barrier to creation, develop- 19 ment, and growth of technology startup compa- 20 nies and small businesses; 21 (B) develop and implement a comprehen- 22 sive plan to promote the creation, development, 23 and growth of technology startup companies 24 and small businesses; 25 VerDate Sep 11 2014 04:54 Jun 26, 2021 Jkt 019200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6201 E:\BILLS\H3708.IH H3708 kjohnson on DSK79L0C42PROD with BILLS 6 •HR 3708 IH (C) develop policies that States can adopt 1 to encourage the creation, development, and 2 growth of technology startup companies and 3 small businesses in the United States; 4 (D) develop strategies to mitigate current 5 and emerging risks to relevant marketplaces 6 and supply chains impacting the creation, 7 growth, and development of technology startup 8 companies and small businesses; and 9 (E) develop legislation to accomplish such 10 recommendations. 11 Æ VerDate Sep 11 2014 04:54 Jun 26, 2021 Jkt 019200 PO 00000 Frm 00006 Fmt 6652 Sfmt 6301 E:\BILLS\H3708.IH H3708 kjohnson on DSK79L0C42PROD with BILLS