,,ii #aac? ,,congress #a/ ,session ,s4 #caj ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,febru>y #ac1 #bjac ,mr4 ,moran 7= himself1 ,mr4 ,w>n]1 ,mr4 ,coons1 & ,mr4 ,blunt7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to jump-/>t economic recov]y ?r\gh ! =mation & gr[? ( new bus9esses1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,/>tup ,act #c4j4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4 ,sec4 #b4 ,f9d+s4 ,sec4 #c4 ,conditional p]man5t resid5t /atus = immigrants ) an advanc$ degree 9 a ,,/em field4 ,sec4 #d4 ,immigrant entrepr5eurs4 ,sec4 #e4 ,elim9ation ( ! p]-c\ntry num]ical limitation = employm5t-bas$ visas4 ,sec4 #f4 ,capital ga9s tax exemption = />tup companies4 ,sec4 #g4 ,rese>* cr$it = />tup companies4 ,sec4 #h4 ,accel]at$ comm]cialization ( taxpay]-fund$ rese>*4 ,sec4 #i4 ,economic impact ( significant ,f$]al ag5cy rules4 ,sec4 #aj4 ,bi5nial ,/ate />tup bus9ess report4 ,sec4 #aa4 ,new bus9ess =mation report4 ,sec4 #ab4 ,rescission ( unsp5t ,f$]al funds4 #b4 ,f9d+s ,congress makes ! foll[+ f9d+s3 7#a7 ,a*iev+ economic recov]y w require ! =mation & gr[? ( new companies4 7#b7 ,betwe5 #aihj & #bjje1 companies less ?an #e ye>s old acc\nt$ = ne>ly all net job creation 9 ! ,unit$ ,/ates4 7#c7 ,new firms 9 ! ,unit$ ,/ates create an av]age ( #c1jjj1jjj jobs p] ye>4 7#d7 ,to get ,am]icans back to "w1 entrepr5eurs mu/ be free to innovate1 create new companies1 & hire employees4 #c4 ,conditional p]man5t resid5t /atus = immigrants ) an advanc$ degree 9 a ,,/em field 7a7 ,9 g5]al ,*apt] #b ( title ,,ii ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaha et seq47 is am5d$ by ins]t+ aft] section #baf;,a ! foll[+3 #baf;,b4 ,conditional p]man5t resid5t /atus = ali5s ) an advanc$ degree 9 a ,,/em field 7a7 ,9 g5]al ,not)/&+ any o!r provision ( ?is ,act1 ! ,secret>y ( ,homel& ,security may adju/ ! /atus ( n m ?an #ej1jjj ali5s :o h e>n$ a ma/]'s degree or a doctorate degree at an in/itution ( high] education 9 a ,,/em field to t ( an ali5 conditionally admitt$ = p]man5t resid5ce & au?orize ea* ali5 grant$ su* adju/m5t ( /atus to rema9 9 ! ,unit$ ,/ates-- 7#a7 = up to #a ye> aft] ! expiration ( ! ali5's /ud5t visa "u section #aja7;a77#ae77;,f77i7 if ! ali5 is dilig5tly se>*+ = an opportunity to become actively engag$ 9 a ,,/em field2 & 7#b7 indef9itely if ! ali5 rema9s actively engag$ 9 a ,,/em field4 7b7 ,application = conditional p]man5t resid5t /atus ,e ali5 apply+ = a conditional p]man5t resid5t /atus "u ?is section %all submit an application to ! ,secret>y ( ,homel& ,security be=e ! expiration ( ! ali5's /ud5t visa 9 su* =m & mann] z ! ,secret>y %all prescribe by regulation4 7c7 ,ineligibility = ,f$]al ,gov]nm5t assi/ance ,an ali5 grant$ conditional p]man5t resid5t /atus "u ?is section %all n be eligible1 :ile 9 su* /atus1 =-- 7#a7 any unemploym5t comp5sation 7z def9$ 9 section #he7;b7 ( ! ,int]nal ,rev5ue ,code ( #aihf72 or 7#b7 any ,f$]al means-te/$ public b5efit 7z t t]m is us$ 9 section #djc ( ! ,p]sonal ,responsibility & ,"w ,opportunity ,reconciliation ,act ( #aiif 7#h ,u4,s4,c4 #afac774 7d7 ,effect on naturalization resid5cy requirem5t ,an ali5 grant$ conditional p]man5t resid5t /atus "u ?is section %all be deem$ to h be5 lawfully admitt$ = p]man5t resid5ce = purposes ( meet+ ! #e-ye> resid5cy requirem5t set =? 9 section #caf7;a77#a74 7e7 ,removal ( condition ,! ,secret>y ( ,homel& ,security %all remove ! conditional basis ( an ali5's conditional p]man5t resid5t /atus "u ?is section on ! date t is #e ye>s aft] ! date su* /atus 0 grant$ if ! ali5 ma9ta9$ 8 or h] eligibility = su* /atus dur+ ! entire #e-ye> p]iod4 7f7 ,def9itions ,9 ?is section3 7#a7 ,actively engag$ 9 a ,,/em field ,! t]m actively engag$ 9 a ,,/em field-- 7,a7 means-- 7i7 ga9fully employ$ 9 a =-pr(it bus9ess or nonpr(it organization 9 ! ,unit$ ,/ates 9 a ,,/em field2 7ii7 tea*+ #a or m ,,/em field c\rses at an in/itution ( high] education2 or 7iii7 employ$ by a ,f$]al1 ,/ate1 or local gov]nm5t entity2 & 7,b7 includes any p]iod ( up to #f mon?s dur+ :i* ! ali5 does n meet ! requirem5t "u subp>agraph 7,a7 if su* p]iod 0 imm$iately prec$$ by a #a-ye> p]iod dur+ :i* ! ali5 met ! requirem5t "u subp>agraph 7,a74 7#b7 ,in/itution ( high] education ,! t]m in/itution ( high] education has ! mean+ giv5 ! t]m 9 section #aja7;a7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja7;a774 7#c7 ,,/em field ,! t]m ,,/em field means any field ( /udy or occupation includ$ on ! mo/ rec5t ,,/em-,designat$ ,degree ,program ,li/ publi%$ 9 ! ,f$]al ,regi/] by ! ,dep>tm5t ( ,homel& ,security 7z describ$ 9 section #bad4b7;f77#aa77;i77,c77#b7 ( title #h1 ,code ( ,f$]al ,regulations74 4 7b7 ,cl]ical am5dm5t ,! table ( cont5ts = ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaja et seq47 is am5d$ by ins]t+ aft] ! item relat+ to section #baf;,a ! foll[+3 ,sec4 #baf;,b4 ,conditional p]man5t resid5t /atus = ali5s ) an advanc$ degree 9 a ,,/em field4 4 7c7 ,gov]nm5t ,acc\ntability ,(fice /udy 7#a7 ,9 g5]al ,n lat] ?an #c ye>s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all submit to ,congress a report on ! ali5 college graduates grant$ immigrant /atus "u section #baf;,b ( ! ,immigration & ,nationality ,act1 z add$ by subsection 7a74 7#b7 ,cont5ts ,! report describ$ 9 p>agraph 7#a7 %all include-- 7,a7 ! numb] ( ali5s describ$ 9 p>agraph 7#a7 :o h e>n$ a ma/]'s degree1 brok5 d[n by ! numb] ( su* degrees 9 sci5ce1 te*nology1 eng9e]+1 & ma!matics2 7,b7 ! numb] ( ali5s describ$ 9 p>agraph 7#a7 :o h e>n$ a doctorate degree1 brok5 d[n by ! numb] ( su* degrees 9 sci5ce1 te*nology1 eng9e]+1 & ma!matics2 7,c7 ! numb] ( ali5s describ$ 9 p>agraph 7#a7 :o h f\nd$ a bus9ess 9 ! ,unit$ ,/ates 9 a ,,/em field2 7,d7 ! numb] ( ali5s describ$ 9 p>agraph 7#a7 :o are employ$ 9 ! ,unit$ ,/ates 9 a ,,/em field1 brok5 d[n by employm5t sector 7= pr(it1 nonpr(it1 or gov]nm5t72 & 7,e7 ! numb] ( ali5s describ$ 9 p>agraph 7#a7 :o are employ$ by an in/itution ( high] education4 7#c7 ,def9itions ,! t]ms in/itution ( high] education & ,,/em field h ! mean+ giv5 su* t]ms 9 section #baf;,b7f7 ( ! ,immigration & ,nationality ,act1 z add$ by subsection 7a74 #d4 ,immigrant entrepr5eurs 7a7 ,qualifi$ ali5 entrepr5eurs 7#a7 ,admission z immigrants ,*apt] #a ( title ,,ii ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaea et seq47 is am5d$ by add+ at ! end ! foll[+3 #baj;,a4 ,qualifi$ ali5 entrepr5eurs 7a7 ,admission z immigrants ,! ,secret>y ( ,homel& ,security1 9 accordance ) ! provisions ( ?is section & section #baf;,a1 may issue a conditional immigrant visa to n m ?an #ge1jjj qualifi$ ali5 entrepr5eurs4 7b7 ,application = conditional p]man5t resid5t /atus ,e ali5 apply+ = a conditional immigrant visa "u ?is section %all submit an application to ! ,secret>y ( ,homel& ,security 9 su* =m & mann] z ! ,secret>y %all prescribe by regulation4 7c7 ,revocation ,if1 dur+ ! #d-ye> p]iod beg9n+ on ! date t an ali5 is grant$ a visa "u ?is section1 ! ,secret>y ( ,homel& ,security det]m9es t su* ali5 is no long] a qualifi$ ali5 entrepr5eur1 ! ,secret>y %all-- 7#a7 revoke su* visa2 & 7#b7 notify ! ali5 t ! ali5-- 7,a7 may volunt>ily dep>t f ! ,unit$ ,/ates 9 accordance to section #bdj;,b2 or 7,b7 w be subject to removal proce$+s "u section #bdj if ! ali5 does n dep>t f ! ,unit$ ,/ates n lat] ?an #f mon?s aft] receiv+ su* notification4 7d7 ,removal ( conditional basis ,! ,secret>y ( ,homel& ,security %all remove ! conditional basis ( ! /atus ( an ali5 issu$ an immigrant visa "u ?is section on t date t is #d ye>s aft] ! date on :i* su* visa 0 issu$ if su* visa 0 n revok$ pursuant to subsection 7c74 7e7 ,def9itions ,9 ?is section3 7#a7 ,full-"t employee ,! t]m full-"t employee means a ,unit$ ,/ates citiz5 or legal p]man5t resid5t :o is paid by ! new bus9ess entity regi/]$ by a qualifi$ ali5 entrepr5eur at a rate t is comp>able to ! m$ian income ( employees 9 ! region4 7#b7 ,qualifi$ ali5 entrepr5eur ,! t]m qualifi$ ali5 entrepr5eur means an ali5 :o-- 7,a7 at ! "t ! ali5 applies = an immigrant visa "u ?is section-- 7i7 is lawfully pres5t 9 ! ,unit$ ,/ates2 & 7ii7 7,i7 holds a nonimmigrant visa pursuant to section #aja7;a77#ae77;,h77i77b72 or 7,,ii7 holds a nonimmigrant visa pursuant to section #aja7;a77#ae77;,f77i72 7,b7 dur+ ! #a-ye> p]iod beg9n+ on ! date ! ali5 is grant$ a visa "u ?is section-- 7i7 regi/]s at lea/ #a new bus9ess entity 9 a ,/ate2 7ii7 employs1 at su* bus9ess entity 9 ! ,unit$ ,/ates1 at lea/ #b full-"t employees :o are n relatives ( ! ali52 & 7iii7 inve/s1 or raises capital inve/m5t (1 n less ?an #ajj1jjj 9 su* bus9ess entity2 & 7,c7 dur+ ! #c-ye> p]iod beg9n+ on ! la/ day ( ! #a-ye> p]iod describ$ 9 p>agraph 7#b71 employs1 at su* bus9ess entity 9 ! ,unit$ ,/ates1 an av]age ( at lea/ #e full-"t employees :o are n relatives ( ! ali54 4 7#b7 ,table ( cont5ts am5dm5t ,! table ( cont5ts 9 ! fir/ section ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaja et seq47 is am5d$ by add+ aft] ! item relat+ to section #baj ! foll[+3 ,sec4 #baj;,a4 ,qualifi$ ali5 entrepr5eurs4 4 7b7 ,conditional p]man5t resid5t /atus ,section #baf;,a ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aahf;b7 is am5d$-- 7#a7 by /rik+ ,attorney ,g5]al ea* place su* t]m appe>s & ins]t+ ,secret>y ( ,homel& ,security2 7#b7 9 subsection 7b77#a77;,c71 by /rik+ #bjc7;b77#e71 & ins]t+ #bjc7;b77#e7 or #baj;,a1 z appropriate12 7#c7 9 subsection 7c77#a71 by /rik+ ali5 entrepr5eur mu/ ea* place su* t]m appe>s & ins]t+ ali5 entrepr5eur %all2 7#d7 9 subsection 7d77#a77;,b71 by /rik+ ! p]iod at ! end & ins]t+ or #baj;,a1 z appropriate42 & 7#e7 9 subsection 7f77#a71 by /rik+ ! p]iod at ! end & ins]t+ or #baj;,a44 7c7 ,gov]nm5t ,acc\ntability ,(fice /udy 7#a7 ,9 g5]al ,n lat] ?an #c ye>s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all submit to ,congress a report on ! qualifi$ ali5 entrepr5eurs grant$ immigrant /atus "u section #baj;,a ( ! ,immigration & ,nationality ,act1 z add$ by subsection 7a74 7#b7 ,cont5ts ,! report describ$ 9 p>agraph 7#a7 %all include in=mation reg>d+-- 7,a7 ! numb] ( qualifi$ ali5 entrepr5eurs :o h receiv$ immigrant /atus "u section #baj;,a ( ! ,immigration & ,nationality ,act1 z add$ by subsection 7a71 li/$ by c\ntry ( orig92 7,b7 ! localities 9 :i* su* qualifi$ ali5 entrepr5eurs h initially settl$2 7,c7 :e!r su* qualifi$ ali5 entrepr5eurs g5]ally rema9 9 ! localities 9 :i* !y initially settle2 7,d7 ! types ( comm]cial ent]prises t su* qualifi$ ali5 entrepr5eurs h e/abli%$2 & 7,e7 ! types & numb] ( jobs creat$ by su* qualifi$ ali5 entrepr5eurs4 #e4 ,elim9ation ( ! p]-c\ntry num]ical limitation = employm5t-bas$ visas 7a7 ,9 g5]al ,section #bjb7;a77#b7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaeb7;a77#b77 is am5d$-- 7#a7 9 ! p>agraph head+1 by /rik+ & employm5t-bas$2 7#b7 by /rik+ 7#c71 7#d71 & 7#e71 & ins]t+ 7#c7 & 7#d712 7#c7 by /rik+ subsections 7a7 & 7b7 ( section #bjc & ins]t+ section #bjc7;a72 7#d7 by /rik+ #g & ins]t+ #ae2 & 7#e7 by /rik+ su* subsections & ins]t+ su* section4 7b7 ,con=m+ am5dm5ts ,section #bjb ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaeb7 is am5d$-- 7#a7 9 subsection 7a77#c71 by /rik+ bo? subsections 7a7 & 7b7 ( section #bjc & ins]t+ section #bjc7;a72 7#b7 by /rik+ subsection 7a77#e72 & 7#c7 by am5d+ subsection 7e7 to read z foll[s3 7e7 ,special rules = c\ntries at ceil+ ,if x is det]m9$ t ! total numb] ( immigrant visas made available "u section #bjc7;a7 to natives ( any s+le =eign /ate or dep5d5t area w exce$ ! num]ical limitation specifi$ 9 subsection 7a77#b7 9 any fiscal ye>1 9 det]m9+ ! allotm5t ( immigrant visa numb]s to natives "u section #bjc7;a71 visa numb]s ) respect to natives ( t /ate or area %all be allocat$ 7to ! ext5t practicable & o!rwise consi/5t ) ?is section & section #bjc7 9 a mann] s t1 except z provid$ 9 subsection 7a77#d71 ! proportion ( ! visa numb]s made available "u ea* ( p>agraphs 7#a7 ?r\gh 7#d7 ( section #bjc7;a7 is equal to ! ratio ( ! total numb] ( visas made available "u ! respective p>agraph to ! total numb] ( visas made available "u section #bjc7;a74 4 7c7 ,c\ntry-,specific (fset ,section #b ( ! ,*9ese ,/ud5t ,protection ,act ( #aiib 7#h ,u4,s4,c4 #abee note7 is am5d$-- 7#a7 9 subsection 7a71 by /rik+ subsection 7e77 & ins]t+ subsection 7d772 & 7#b7 by /rik+ subsection 7d7 & r$esignat+ subsection 7e7 z subsection 7d74 7d7 ,effective date ,! am5dm5ts made by ?is section %all take effect z if enact$ on ,septemb] #cj1 #bjab1 & %all apply to fiscal ye>s beg9n+ ) fiscal ye> #bjac4 7e7 ,transition rules = employm5t-,bas$ immigrants 7#a7 ,9 g5]al ,subject to ! succe$+ p>agraphs ( ?is subsection & not)/&+ title ,,ii ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaea et seq471 ! foll[+ rules %all apply3 7,a7 ,= fiscal ye> #bjac1 #ae p]c5t ( ! immigrant visas made available "u ea* ( p>agraphs 7#b7 & 7#c7 ( section #bjc7;b7 ( su* ,act 7#h ,u4,s4,c4 #aaec7;b77 %all be allott$ to immigrants :o are natives ( a =eign /ate or dep5d5t area t 0 n "o ( ! two /ates ) ! l>ge/ aggregate numb]s ( natives obta9+ immigrant visas dur+ fiscal ye> #bjaa "u su* p>agraphs4 7,b7 ,= fiscal ye> #bjad1 #aj p]c5t ( ! immigrant visas made available "u ea* ( su* p>agraphs %all be allott$ to immigrants :o are natives ( a =eign /ate or dep5d5t area t 0 n "o ( ! two /ates ) ! l>ge/ aggregate numb]s ( natives obta9+ immigrant visas dur+ fiscal ye> #bjab "u su* p>agraphs4 7,c7 ,= fiscal ye> #bjae1 #aj p]c5t ( ! immigrant visas made available "u ea* ( su* p>agraphs %all be allott$ to immigrants :o are natives ( a =eign /ate or dep5d5t area t 0 n "o ( ! two /ates ) ! l>ge/ aggregate numb]s ( natives obta9+ immigrant visas dur+ fiscal ye> #bjac "u su* p>agraphs4 7#b7 ,p]-c\ntry levels 7,a7 ,res]v$ visas ,) respect to ! visas res]v$ "u ea* ( subp>agraphs 7,a7 ?r\gh 7,c7 ( p>agraph 7#a71 ! numb] ( su* visas made available to natives ( any s+le =eign /ate or dep5d5t area 9 ! appropriate fiscal ye> may n exce$ #be p]c5t 79 ! case ( a s+le =eign /ate7 or #b p]c5t 79 ! case ( a dep5d5t area7 ( ! total numb] ( su* visas4 7,b7 ,unres]v$ visas ,) respect to ! immigrant visas made available "u ea* ( p>agraphs 7#b7 & 7#c7 ( section #bjc7;b7 ( su* ,act 7#h ,u4,s4,c4 #aaec7;b77 & n res]v$ "u p>agraph 7#a71 = ea* ( fiscal ye>s #bjac1 #bjad1 & #bjae1 n m ?an #he p]c5t %all be allott$ to immigrants :o are natives ( any s+le =eign /ate4 7#c7 ,special rule to prev5t unus$ visas ,if1 ) respect to fiscal ye> #bjac1 #bjad1 or #bjae1 ! op]ation ( p>agraphs 7#a7 & 7#b7 ( ?is subsection w\ld prev5t ! total numb] ( immigrant visas made available "u p>agraph 7#b7 or 7#c7 ( section #bjc7;b7 ( su* ,act 7#h ,u4,s4,c4 #aaec7;b77 f be+ issu$1 su* visas may be issu$ dur+ ! rema9d] ( su* fiscal ye> )\t reg>d to p>agraphs 7#a7 & 7#b7 ( ?is subsection4 7#d7 ,rules = *>geability ,section #bjb7;b7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaeb7;b77 %all apply 9 det]m9+ ! =eign /ate to :i* an ali5 is *>geable = purposes ( ?is subsection4 #f4 ,capital ga9s tax exemption = />tup companies 7a7 ,p]man5t full exclusion 7#a7 ,9 g5]al ,subsection 7a7 ( section #abjb ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7a7 ,exclusion ,9 ! case ( a taxpay] o!r ?an a corporation1 gross income %all n include #ajj p]c5t ( any ga9 f ! sale or ex*ange ( qualifi$ small bus9ess /ock held = m ?an #e ye>s4 4 7#b7 ,con=m+ am5dm5ts 7,a7 ,! head+ = section #abjb ( su* ,code is am5d$ by /rik+ p>tial4 7,b7 ,! item relat+ to section #abjb 9 ! table ( sections = "p ,i ( sub*apt] ,p ( *apt] #a ( su* ,code is am5d$ by /rik+ ,p>tial exclusion & ins]t+ ,exclusion4 7,c7 ,section #abbc7ac7 ( su* ,code is am5d$ by /rik+ #abjb7;a77#b714 7b7 ,repeal ( m9imum tax pref]5ce 7#a7 ,9 g5]al ,subsection 7a7 ( section #eg ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ p>agraph 7#g74 7#b7 ,te*nical am5dm5t ,subclause 7,,ii7 ( section #ec7;d77#a77;,b77ii7 ( su* ,code is am5d$ by /rik+ 1 7#e71 & 7#g7 & ins]t+ & 7#e74 7c7 ,repeal ( #bh p]c5t capital ga9s rate on qualifi$ small bus9ess /ock 7#a7 ,9 g5]al ,subp>agraph 7,a7 ( section #a7;h77#d7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7,a7 collectibles ga91 ov] 4 7#b7 ,con=m+ am5dm5ts 7,a7 ,section #a7;h7 ( su* ,code is am5d$ by /rik+ p>agraph 7#g74 7,b7 7i7 ,section #a7;h7 ( su* ,code is am5d$ by r$esignat+ p>agraphs 7#h71 7#i71 7#aj71 7#aa71 7#ab71 & 7#ac7 z p>agraphs 7#g71 7#h71 7#i71 7#aj71 7#aa71 & 7#ab71 respectively4 7ii7 ,sections #afc7;d77#d77;,b71 #hed7;b77#e71 #heg7;c77#b77;,d7 ( su* ,code are ea* am5d$ by /rik+ section #a7;h77#aa77;,b7 & ins]t+ section #a7;h77#aj77;,b74 7iii7 ,! foll[+ sections ( su* ,code are ea* am5d$ by /rik+ section #a7;h77#aa7 & ins]t+ section #a7;h77#aj73 7,i7 ,section #cja7;f77#d74 7,,ii7 ,section #cjf7;a77#a77;,d74 7,,iii7 ,section #ehd7;c74 7,,iv7 ,section #gjb7;a77#e74 7,v7 ,section #hed7;a74 7,,vi7 ,section #hed7;b77#b74 7iv7 ,! head+ ( section #heg7;c77#b7 is am5d$ by /rik+ #a7;h77#aa7 & ins]t+ #a7;h77#aj74 7d7 ,effective date ,! am5dm5ts made by ?is section apply to /ock acquir$ aft] ,decemb] #ca1 #bjac4 #g4 ,rese>* cr$it = />tup companies 7a7 ,9 g5]al 7#a7 ,9 g5]al ,section #da ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new subsection3 7i7 ,treatm5t ( cr$it to qualifi$ small bus9esses 7#a7 ,9 g5]al ,at ! election ( a qualifi$ small bus9ess1 ! payroll tax cr$it portion ( ! cr$it det]m9$ "u subsection 7a7 %all be treat$ z a cr$it all[$ "u section #caaa7;f7 7& n "u ?is section74 7#b7 ,payroll tax cr$it portion ,= purposes ( ?is subsection1 ! payroll tax cr$it portion ( ! cr$it det]m9$ "u subsection 7a7 = any taxable ye> is s mu* ( su* cr$it z does n exce$ #bej1jjj4 7#c7 ,qualifi$ small bus9ess ,= purposes ( ?is subsection-- 7,a7 ,9 g5]al ,! t]m qualifi$ small bus9ess means1 ) respect to any taxable ye>-- 7i7 a corporation1 p>tn]%ip1 or ,s corporation if-- 7,i7 ! gross receipts 7z det]m9$ "u subsection 7c77#g77 ( su* entity = ! taxable ye> is less ?an #e1jjj1jjj1 & 7,,ii7 su* entity did n h gross receipts 7z s det]m9$7 = any p]iod prec$+ ! #e-taxable-ye> p]iod end+ ) su* taxable ye>1 & 7ii7 any p]son n describ$ 9 subp>agraph 7,a7 if clauses 7i7 & 7ii7 ( subp>agraph 7,a7 appli$ to su* p]son1 det]m9$-- 7,i7 by sub/itut+ p]son = entity ea* place x appe>s1 & 7,,ii7 9 ! case ( an individual1 by only tak+ into acc\nt ! aggregate gross receipts receiv$ by su* individual 9 c>ry+ on trades or bus9esses ( su* individual4 7,b7 ,limitation ,su* t]m %all n include an organization :i* is exempt f taxation "u section #eja4 7#d7 ,election 7,a7 ,9 g5]al ,9 ! case ( a p>tn]%ip or ,s corporation1 an election "u ?is subsection %all be made at ! entity level4 7,b7 ,revocation ,an election "u ?is subsection may n be revok$ )\t ! cons5t ( ! ,secret>y4 7,c7 ,limitation ,a taxpay] may n make an election "u ?is subsection if su* taxpay] has made an election "u ?is subsection = #e or m prec$+ taxable ye>s4 7#e7 ,aggregation rules ,= purposes ( det]m9+ ! #bej1jjj limitation "u p>agraph 7#b7 & det]m9+ gross receipts "u p>agraph 7#c71 all memb]s ( ! same controll$ gr\p ( corporations 7)9 ! mean+ ( section #bfg7;f77 & all p]sons "u common control 7)9 ! mean+ ( section #eb7;b7 b det]m9$ by treat+ an int]e/ ( m ?an #ej p]c5t z a controll+ int]e/7 %all be treat$ z #a p]son4 7#f7 ,regulations ,! ,secret>y %all prescribe su* regulations z may be necess>y to c>ry out ! purposes ( ?is subsection1 includ+-- 7,a7 regulations to prev5t ! avoidance ( ! purposes ( p>agraph 7#c7 ?r\gh ! use ( successor companies or o!r means1 7,b7 regulations to m9imize compliance & recordkeep+ burd5s "u ?is subsection = />t-up companies1 & 7,c7 regulations = recaptur+ ! b5efit ( cr$its det]m9$ "u section #caaa7;f7 9 cases :]e !re is a subsequ5t adju/m5t to ! payroll tax cr$it portion ( ! cr$it det]m9$ "u subsection 7a71 includ+ requir+ am5d$ returns 9 ! cases :]e !re is su* an adju/m5t4 4 7#b7 ,con=m+ am5dm5t ,section #bhj;,c7c7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#e7 ,treatm5t ( qualifi$ small bus9ess cr$it ,= purposes ( det]m9+ ! am\nt ( any cr$it "u section #da7;a7 "u ?is subsection1 any election "u section #da7;i7 %all be disreg>d$4 4 7b7 ,cr$it all[$ aga9/ ,,fica taxes 7#a7 ,9 g5]al ,section #caaa ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new subsection3 7f7 ,cr$it = rese>* exp5ditures ( qualifi$ small bus9esses 7#a7 ,9 g5]al ,9 ! case ( a qualifi$ small bus9ess :i* has made an election "u section #da7;i71 !re %all be all[$ z a cr$it aga9/ ! tax impos$ by subsection 7a7 on wages paid ) respect to ! employm5t ( all employees ( ! qualifi$ small bus9ess = days 9 an applicable cal5d> qu>t] an am\nt equal to ! payroll tax cr$it portion ( ! rese>* cr$it det]m9$ "u section #da7;a74 7#b7 ,c>ryov] ( unus$ cr$it ,9 any case 9 :i* ! payroll tax cr$it portion ( ! rese>* cr$it det]m9$ "u section #da7;a7 exce$s ! tax impos$ "u subsection 7a7 = an applicable cal5d> qu>t]-- 7,a7 ! succe$+ cal5d> qu>t] %all be treat$ z an applicable cal5d> qu>t]1 & 7,b7 ! am\nt ( cr$it all[$ "u p>agraph 7#a7 %all be r$uc$ by ! am\nt ( cr$it all[$ "u su* p>agraph = all prec$+ applicable cal5d> qu>t]s4 7#c7 ,allocation ( cr$it = controll$ gr\ps1 etc ,9 det]m9+ ! am\nt ( ! cr$it "u ?is subsection-- 7,a7 all p]sons treat$ z a s+le taxpay] "u section #da %all be treat$ z a s+le taxpay] "u ?is section1 & 7,b7 ! cr$it 7if any7 all[able by ?is section to ea* su* memb] %all be its proportionate %>e ( ! qualifi$ rese>* exp5ses1 basic rese>* paym5ts1 & am\nts paid or incurr$ to en]gy rese>* consortiums1 giv+ rise to ! cr$it all[able "u section #da4 7#d7 ,def9itions ,= purposes ( ?is subsection-- 7,a7 ,applicable cal5d> qu>t] ,! t]m applicable cal5d> qu>t] means-- 7i7 ! fir/ cal5d> qu>t] foll[+ ! date on :i* ! qualifi$ small bus9ess files a return "u section #fjab = ! taxable ye> = :i* ! payroll tax cr$it portion ( ! rese>* cr$it "u section #da7;a7 is det]m9$1 & 7ii7 any succe$+ cal5d> qu>t] treat$ z an applicable cal5d> qu>t] "u p>agraph 7#b77;,a74 ,= purposes ( det]m9+ ! date on :i* a return is fil$1 rules simil> to ! rules ( section #feac %all apply4 7,b7 ,o!r t]ms ,any t]m us$ 9 ?is subsection :i* is also us$ 9 section #da %all h ! mean+ giv5 su* t]m "u section #da4 4 7#b7 ,transf]s to f$]al old-age & survivors insurance tru/ fund ,!re are h]eby appropriat$ to ! ,f$]al ,old-,age & ,survivors ,tru/ ,fund & ! ,f$]al ,disability ,insurance ,tru/ ,fund e/abli%$ "u section #bja ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dja7 am\nts equal to ! r$uction 9 rev5ues to ! ,treasury by reason ( ! am5dm5ts made by p>agraph 7#a74 ,am\nts appropriat$ by ! prec$+ s5t5ce %all be transf]r$ f ! g5]al fund at su* times & 9 su* mann] z to replicate to ! ext5t possible ! transf]s :i* w\ld h occurr$ to su* ,tru/ ,fund _h su* am5dm5ts n be5 enact$4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjab4 #h4 ,accel]at$ comm]cialization ( taxpay]-fund$ rese>* 7a7 ,def9itions ,9 ?is section3 7#a7 ,c\ncil ,! t]m ,c\ncil means ! ,advisory ,c\ncil on ,innovation & ,entrepr5eur%ip ( ! ,dep>tm5t ( ,comm]ce e/abli%$ pursuant to section #be7;c7 ( ! ,/ev5son-,wydl] ,te*nology ,innovation ,act ( #aihj 7#ae ,u4,s4,c4 #cgbj7;c774 7#b7 ,extramural budget ,! t]m extramural budget means ! sum ( ! total obligations m9us am\nts obligat$ = su* activities by employees ( ! ag5cy 9 or ?r\gh ,gov]nm5t-own$1 ,gov]nm5t-op]at$ facilities1 except t = ! ,dep>tm5t ( ,en]gy x %all n include am\nts obligat$ = atomic en]gy def5se programs solely = weapons activities or = naval reactor programs1 & except t = ! ,ag5cy = ,int]national ,developm5t x %all n include am\nts obligat$ solely = g5]al in/itutional support ( int]national rese>* c5t]s or = grants to =eign c\ntries4 7#c7 ,in/itution ( high] education ,! t]m in/itution ( high] education has ! mean+ giv5 ! t]m 9 section #aja7;a7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja7;a774 7#d7 ,rese>* or rese>* & developm5t ,! t]m rese>* or rese>* & developm5t means any activity t is-- 7,a7 a sy/ematic1 int5sive /udy direct$ t[>d great] k or und]/&+ ( ! subject /udi$2 7,b7 a sy/ematic /udy direct$ specifically t[>d apply+ new k to meet a recogniz$ ne$2 or 7,c7 a sy/ematic application ( k t[>d ! production ( useful mat]ials1 devices1 & sy/ems or me?ods1 includ+ design1 developm5t1 & improvem5t ( prototypes & new processes to meet specific requirem5ts4 7#e7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,comm]ce4 7b7 ,grant program au?oriz$ 7#a7 ,9 g5]al ,ea* ,f$]al ag5cy t has an extramural budget = rese>* or rese>* & developm5t t is 9 excess ( #ajj1jjj1jjj = ea* ( fiscal ye>s #bjad ?r\gh #bjah1 %all transf] #j4ae p]c5t ( su* extramural budget = ea* ( su* fiscal ye>s to ! ,secret>y to enable ! ,secret>y to c>ry out a grant program 9 accordance ) ?is subsection4 7#b7 ,grants 7,a7 ,aw>d+ ( grants 7i7 ,9 g5]al ,f funds transf]r$ "u p>agraph 7#a71 ! ,secret>y %all use ! crit]ia develop$ by ! ,c\ncil to aw>d grants to in/itutions ( high] education1 includ+ consortia ( in/itutions ( high] education1 = initiatives to improve comm]cialization & transf] ( te*nology4 7ii7 ,reque/ = proposals ,n lat] ?an #cj days aft] ! ,c\ncil submits ! recomm5dations = crit]ia to ! ,secret>y "u subsection 7c77#d77;,b71 & annually !reaft] = ea* fiscal ye> = :i* ! grant program is au?oriz$1 ! ,secret>y %all release a reque/ = proposals4 7iii7 ,applications ,ea* in/itution ( high] education t desires to receive a grant "u ?is subsection %all submit an application to ! ,secret>y n lat] ?an #ij days aft] ! ,secret>y releases ! reque/ = proposals "u clause 7ii74 7iv7 ,c\ncil review 7,i7 ,9 g5]al ,! ,secret>y %all submit ea* application receiv$ "u clause 7iii7 to ! ,c\ncil = ,c\ncil review4 7,,ii7 ,recomm5dations ,! ,c\ncil %all review ea* application receiv$ "u subclause 7,i7 & submit recomm5dations = grant aw>ds to ! ,secret>y1 includ+ fund+ recomm5dations = ea* proposal4 7,,iii7 ,public release ,! ,c\ncil %all publicly release any recomm5dations made "u subclause 7,,ii74 7,,iv7 ,consid]ation ( recomm5dations ,9 aw>d+ grants "u ?is subsection1 ! ,secret>y %all take into consid]ation ! recomm5dations ( ! ,c\ncil "u subclause 7,,ii74 7,b7 ,comm]cialization capacity build+ grants 7i7 ,9 g5]al ,! ,secret>y %all aw>d grants to support in/itutions ( high] education pursu+ specific innovative initiatives to improve an in/itution's capacity to comm]cialize faculty rese>* t c be widely adopt$ if ! rese>* yields measurable results4 7ii7 ,cont5t ( proposals ,grants %all be aw>d$ "u ?is subp>agraph to proposals demon/rat+ ! capacity = accel]at$ comm]cialization1 pro(-(-concept pr(ici5cy1 & translat+ sci5tific discov]ies & cutt+-edge inv5tions into te*nological innovations & new companies4 ,9 p>ticul>1 grant funds %all seek to support innovative approa*es to a*iev+ ^! goals t c be replicat$ by o!r in/itutions ( high] education if ! innovative approa*es are successful4 7,c7 ,comm]cialization accel]ator grants ,! ,secret>y %all aw>d grants to support in/itutions ( high] education pursu+ initiatives t all[ faculty to directly comm]cialize rese>* 9 an ef=t to accel]ate rese>* break?r\ghs4 ,! ,secret>y %all prioritize ^? initiatives t h a managem5t /ructure t enc\rages collaboration betwe5 o!r in/itutions ( high] education or o!r entities ) demon/rat$ pr(ici5cy 9 creat+ & gr[+ new companies bas$ on v]ifiable metrics4 7#c7 ,assessm5t ( success ,grants aw>d$ "u ?is subsection %all use crit]ia = assess+ ! success ( programs ?r\gh ! e/abli%m5t ( b5*m>ks4 7#d7 ,t]m9ation ,! ,secret>y %all h ! au?ority to t]m9ate grant fund+ to an in/itution ( high] education 9 accordance ) ! process & p]=mance metrics recomm5d$ by ! ,c\ncil4 7#e7 ,limitations 7,a7 ,project managem5t co/s ,a grant recipi5t may use n m ?an #aj p]c5t ( grant funds aw>d$ "u ?is subsection = ! purpose ( fund+ project managem5t co/s ( ! grant program4 7,b7 ,supplem5t1 n supplant ,an in/itution ( high] education t receives a grant "u ?is subsection %all use ! grant funds to supplem5t1 & n supplant1 non-,f$]al funds t w\ld1 9 ! abs5ce ( su* grant funds1 be made available = activities describ$ 9 ?is section4 7#f7 ,unsp5t funds ,any funds transf]r$ to ! ,secret>y "u p>agraph 7#a7 = a fiscal ye> t are n exp5d$ by ! end ( su* fiscal ye> may be exp5d$ 9 any subsequ5t fiscal ye> ?r\gh fiscal ye> #bjah4 ,any funds transf]r$ "u p>agraph 7#a7 t are rema9+ at ! end ( ! grant program's au?orization "u ?is subsection %all be transf]r$ to ! ,treasury = deficit r$uction4 7c7 ,c\ncil 7#a7 ,9 g5]al ,n lat] ?an #abj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,c\ncil %all conv5e & develop recomm5dations = crit]ia 9 aw>d+ grants to in/itutions ( high] education "u subsection 7b74 7#b7 ,submission to ,comm]ce & publicly releas$ ,! ,c\ncil %all-- 7,a7 submit ! recomm5dations describ$ 9 subp>agraph 7,a7 to ! ,secret>y2 & 7i7 release ! recomm5dations to ! public4 7,b7 ,majority vote ,! recomm5dations submitt$ by ! ,c\ncil1 z describ$ 9 ?is p>agraph1 %all be det]m9$ by a majority vote ( ,c\ncil memb]s4 7,c7 ,p]=mance metrics ,! ,c\ncil %all develop & provide to ! ,secret>y recomm5dations on p]=mance metrics to be us$ to evaluate grants aw>d$ "u subsection 7b74 7#c7 ,evaluation 7,a7 ,9 g5]al ,n lat] ?an #ahj days be=e ! date t ! grant program au?oriz$ "u subsection 7b7 expires1 ! ,c\ncil %all conduct an evaluation ( ! effect t ! grant program is hav+ on accel]at+ ! comm]cialization ( faculty rese>*4 7,b7 ,inclusions ,! evaluation %all include-- 7i7 ! recomm5dation ( ! ,c\ncil z to :e!r ! grant program %\ld be cont9u$ or t]m9at$2 7ii7 quantitative data relat$ to ! effect1 if any1 t ! grant program has _h on faculty rese>* comm]cialization2 & 7iii7 a description ( lessons le>n$ 9 adm9i/]+ ! grant program1 & h[ ^? lessons c\ld be appli$ to future ef=ts to accel]ate comm]cialization ( faculty rese>*4 7,c7 ,availability ,^u completion ( ! evaluation1 ! evaluation %all be made available on a public website & submitt$ to ,congress4 ,! ,secret>y %all notify all in/itutions ( high] education :5 ! evaluation is publi%$ & h[ x c be access$4 7d7 ,con/ruction ,no?+ 9 ?is section may be con/ru$ to alt]1 modify1 or am5d any provision ( *apt] #ah ( title #ce1 ,unit$ ,/ates ,code 7commonly kn[n z ! ,bayh-,dole ,act74 #i4 ,economic impact ( significant ,f$]al ag5cy rules ,section #eec ( title #e1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 7f7 ,requir$ review be=e issuance ( significant rules 7#a7 ,9 g5]al ,be=e issu+ a notice ( propos$ rulemak+ 9 ! ,f$]al ,regi/] reg>d+ ! issuance ( a propos$ significant rule1 ! head ( ! ,f$]al ag5cy or indep5d5t regulatory ag5cy seek+ to issue ! rule %all complete a review1 to ! ext5t p]mitt$ by law1 t-- 7,a7 analyzes ! problem t ! propos$ rule int5ds to address1 includ+-- 7i7 ! specific m>ket failure1 su* z ext]nalities1 m>ket p[]1 or lack ( in=mation1 t ju/ifies su* rule2 or 7ii7 any o!r specific problem1 su* z ! failures ( public in/itutions1 t ju/ifies su* rule2 7,b7 analyzes ! expect$ impact ( ! propos$ rule on ! ability ( new bus9esses to =m & exp&2 7,c7 id5tifies ! expect$ impact ( ! propos$ rule on ,/ate1 local1 & tribal gov]nm5ts1 includ+ ! availability ( res\rces-- 7i7 to c>ry out ! m&ates impos$ by ! rule on su* gov]nm5t entities2 & 7ii7 to m9imize ! burd5s t uniquely or significantly affect su* gov]nm5tal entities1 consi/5t ) a*iev+ regulatory objectives2 7,d7 id5tifies any conflict+ or duplicative regulations2 7,e7 det]m9es-- 7i7 if exi/+ laws or regulations creat$1 or contribut$ to1 ! problem t ! new rule is int5d$ to correct2 & 7ii7 if ! laws or regulations ref]r$ to 9 clause 7i7 %\ld be modifi$ to m effectively a*ieve ! int5d$ goal ( ! rule2 & 7,f7 includes ! co/-b5efit analysis describ$ 9 p>agraph 7#b74 7#b7 ,co/-b5efit analysis ,a co/-b5efit analysis describ$ 9 ?is p>agraph %all include-- 7,a7 7i7 an assessm5t1 includ+ ! und]ly+ analysis1 ( b5efits anticipat$ f ! propos$ rule1 su* z-- 7,i7 promot+ ! effici5t function+ ( ! economy & private m>kets2 7,,ii7 enhanc+ heal? & safety2 7,,iii7 protect+ ! natural environm5t2 & 7,,iv7 elim9at+ or r$uc+ discrim9ation or bias2 & 7ii7 ! quantification ( ! b5efits describ$ 9 clause 7i71 to ! ext5t feasible2 7,b7 7i7 an assessm5t1 includ+ ! und]ly+ analysis1 ( co/s anticipat$ f ! propos$ rule1 su* z-- 7,i7 ! direct co/s to ! ,f$]al ,gov]nm5t to adm9i/] ! rule2 7,,ii7 ! direct co/s to bus9esses & o!rs to comply ) ! rule2 & 7,,iii7 any adv]se effects on ! effici5t function+ ( ! economy1 private m>kets 7includ+ productivity1 employm5t1 & competitiv5ess71 heal?1 safety1 & ! natural environm5t2 & 7ii7 ! quantification ( ! co/s describ$ 9 clause 7i71 to ! ext5t feasible2 7,c7 7i7 an assessm5t1 includ+ ! und]ly+ analysis1 ( co/s & b5efits ( pot5tially effective & reasonably feasible alt]natives to ! propos$ rule1 :i* h be5 id5tifi$ by ! ag5cy or by ! public1 includ+ tak+ reasonably viable nonregulatory actions2 & 7ii7 an explanation ( :y ! propos$ rule is pref]able to ! alt]natives id5tifi$ "u clause 7i74 7#c7 ,report ,be=e issu+ a notice ( propos$ rulemak+ 9 ! ,f$]al ,regi/] reg>d+ ! issuance ( a propos$ significant rule1 ! head ( ! ,f$]al ag5cy or indep5d5t regulatory ag5cy seek+ to issue ! rule %all-- 7,a7 submit ! results ( ! review conduct$ "u p>agraph 7#a7 to ! appropriate congressional committees2 & 7,b7 po/ ! results ( ! review conduct$ "u p>agraph 7#a7 on a publicly available website4 7#d7 ,judicial review ,any det]m9ations made1 or o!r actions tak51 by an ag5cy or indep5d5t regulatory ag5cy "u ?is subsection %all n be subject to judicial review4 7#e7 ,def9$ t]m ,9 ?is subsection ! t]m significant rule means a rule t is likely to-- 7,a7 h an annual effect on ! economy ( #ajj1jjj1jjj or m2 7,b7 adv]sely affect1 9 a mat]ial way1 ! economy1 a sector ( ! economy1 productivity1 competition1 jobs1 ! environm5t1 public heal? or safety1 or ,/ate1 local1 or tribal gov]nm5ts or communities2 or 7,c7 create a s]i\s inconsi/5cy or o!rwise int]f]e ) an action tak5 or plann$ by ano!r ag5cy4 4 #aj4 ,bi5nial ,/ate />tup bus9ess report 7a7 ,data collection ,! ,secret>y ( ,comm]ce %all regul>ly compile in=mation f ea* ( ! #ej ,/ates & ! ,di/rict ( ,columbia on ,/ate laws t affect ! =mation & gr[? ( new bus9esses )9 ! ,/ate or ,di/rict4 7b7 ,report ,n lat] ?an #ah mon?s aft] ! date ( ! enactm5t ( ?is ,act1 & e #b ye>s !reaft]1 ! ,secret>y1 us+ data compil$ "u subsection 7a71 %all prep>e a report t-- 7#a7 analyzes ! economic effect ( ,/ate & ,di/rict laws t ei!r enc\rage or inhibit bus9ess =mation & gr[?2 & 7#b7 ranks ! ,/ates & ! ,di/rict bas$ on ! effectiv5ess ) :i* _! laws fo/] new bus9ess creation & economic gr[?4 7c7 ,di/ribution ,! ,secret>y %all-- 7#a7 submit ea* report prep>$ "u subsection 7b7 to ,congress2 & 7#b7 make ea* report available to ! public on ! ,dep>tm5t ( ,comm]ce's website4 7d7 ,inclusion ( l>ge metropolitan areas ,n lat] ?an #ij days aft] ! submission ( ! fir/ report "u ?is section1 ! ,secret>y ( ,comm]ce %all submit to ,congress a /udy on ! feasibility & advisability ( includ+1 9 future reports1 in=mation ab\t ! effect ( local laws & ord9ances on ! =mation & gr[? ( new bus9esses 9 l>ge metropolitan areas )9 ! ,unit$ ,/ates4 7e7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ su* sums z may be necess>y to c>ry out ?is section4 #aa4 ,new bus9ess =mation report 7a7 ,9 g5]al ,! ,secret>y ( ,comm]ce %all regul>ly compile quantitative & qualitative in=mation on bus9esses 9 ! ,unit$ ,/ates t are n m ?an #a ye> old4 7b7 ,data collection ,! ,secret>y %all-- 7#a7 regul>ly compile in=mation f ! ,bureau ( ! ,c5sus' bus9ess regi/] on new bus9ess =mation 9 ! ,unit$ ,/ates2 & 7#b7 conduct qu>t]ly surveys ( bus9ess own]s :o />t a bus9ess dur+ ! #a-ye> p]iod end+ on ! date on :i* su* survey is conduct$ to ga!r qualitative in=mation ab\t ! factors t influ5c$ _! decision to />t ! bus9ess4 7c7 ,r&om sampl+ ,9 conduct+ surveys "u subsection 7b77#b71 ! ,secret>y may use r&om sampl+ to id5tify a gr\p ( bus9ess own]s :o are repres5tative ( all ! bus9ess own]s describ$ 9 subsection 7b77#b74 7d7 ,b5efits ,! ,secret>y %all in=m bus9ess own]s select$ to p>ticipate 9 a survey conduct$ "u ?is section ( ! b5efits !y w\ld receive f p>ticipat+ 9 ! survey4 7e7 ,volunt>y p>ticipation ,bus9ess own]s select$ to p>ticipate 9 a survey conduct$ "u ?is section may decl9e to p>ticipate )\t p5alty4 7f7 ,report ,n lat] ?an #ah mon?s aft] ! date ( ! enactm5t ( ?is ,act1 & e #c mon?s !reaft]1 ! ,secret>y %all use ! data compil$ "u subsection 7b7 to prep>e a report t-- 7#a7 li/s ! aggregate numb] ( new bus9esses =m$ 9 ! ,unit$ ,/ates2 7#b7 li/s ! aggregate numb] ( p]sons employ$ by new bus9esses =m$ 9 ! ,unit$ ,/ates2 7#c7 analyzes ! payroll ( new bus9esses =m$ 9 ! ,unit$ ,/ates2 7#d7 summ>izes ! data collect$ "u subsection 7b72 & 7#e7 id5tifies ! mo/ effective means by :i* gov]nm5t (ficials c enc\rage ! =mation & gr[? ( new bus9esses 9 ! ,unit$ ,/ates4 7g7 ,di/ribution ,! ,secret>y %all-- 7#a7 submit ea* report prep>$ "u subsection 7f7 to ,congress2 & 7#b7 make ea* report available to ! public on ! ,dep>tm5t ( ,comm]ce's website4 7h7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ su* sums z may be necess>y to c>ry out ?is section4 #ab4 ,rescission ( unsp5t ,f$]al funds 7a7 ,9 g5]al ,not)/&+ any o!r provision ( law1 ( all available unobligat$ funds = fiscal ye> #bjac1 ! am\nt necess>y to c>ry out ?is ,act & ! am5dm5ts made by ?is ,act 9 appropriat$ discretion>y funds are h]eby resc9d$4 7b7 ,implem5tation ,! ,director ( ! ,(fice ( ,managem5t & ,budget %all det]m9e & id5tify f :i* appropriation acc\nts ! rescission "u subsection 7a7 %all apply & ! am\nt ( su* rescission t %all apply to ea* su* acc\nt4 ,n lat] ?an #fj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,director ( ! ,(fice ( ,managem5t & ,budget %all submit a report to ! ,secret>y ( ! ,treasury & ,congress ( ! acc\nts & am\nts det]m9$ & id5tifi$ = rescission "u ! prec$+ s5t5ce4