,,ii #aaf? ,,congress #a/ ,session ,s4 #bece ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,septemb] #bd1 #bjai ,ms4 ,klobu*> 7= h]self & ,mr4 ,scott ( ,s\? ,c>ol9a7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,comm]ce1 ,sci5ce1 & ,transportation ,a ,,bill ,to require ! ,secret>y ( ,comm]ce to conduct an assessm5t & analysis relat+ to ! decl9e 9 ! bus9ess =mation rate 9 ! ,unit$ ,/ates4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,enhanc+ ,entrepr5eur%ip = ! #ba/ ,c5tury ,act4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,rec5t rese>* has demon/rat$ t-- 7,a7 new bus9esses 7commonly ref]r$ to z />tups7-- 7i7 are disproportionately responsible = ! innovations t drive economic gr[?2 & 7ii7 acc\nt = virtually all net new job creation2 7,b7 ! rate ( =mation ( ,unit$ ,/ates bus9esses has fall5 significantly 9 rec5t ye>s2 & 7,c7 z det]m9$ by widely cit$ rese>*1 ! decl9e 9 ! rate describ$ 9 subp>agraph 7,b7 is occurr+ 9 all #ej ,/ates1 9 all b a h&ful ( #cfj metro areas exam9$1 & across a broad range ( indu/ry sectors4 7#b7 ,be=e policymak]s c id5tify ways 9 :i* ! decl9e 9 ! rate describ$ 9 p>agraph 7#a77;,b7 may be c\nt]act$1 ! und]ly+ causes ( ! decl9e mu/ be id5tifi$4 7#c7 ,economi/s h id5tifi$ sev]al factors t may expla9 ! decl9e 9 ! rate describ$ 9 p>agraph 7#a77;,b71 includ+-- 7,a7 demographic *anges caus$ by an ag+ work=ce & sl[+ population gr[?2 7,b7 increas$ indu/ry conc5tration t may make x m difficult = new m>ket entrants to compete ) e/abli%$ companies2 7,c7 increas$ risk-av]sion foll[+ ! f9ancial crisis & recession t occurr$ 9 #bjjh & #bjji & det]ioration ( h\sehold balance %eets2 7,d7 difficulties relat+ to access to capital1 p>ticul>ly difficulties enc\nt]$ by und]s]v$ populations1 wom51 & memb]s ( m9ority gr\ps2 7,e7 ! conc5tration ( v5ture capital 9 only a few cities2 7,f7 record levels ( /ud5t debt2 & 7,g7 ineffici5cies or o!r difficulties relat+ to ! comm]cialization ( f$]ally fund$ rese>* & innovation4 #c4 ,def9itions ,9 ?is ,act3 7#a7 ,appropriate committees ( ,congress ,! t]m appropriate committees ( ,congress means-- 7,a7 ! ,committee on ,comm]ce1 ,sci5ce1 & ,transportation ( ! ,s5ate2 & 7,b7 ! ,committee on ,en]gy & ,comm]ce ( ! ,h\se ( ,repres5tatives4 7#b7 ,entrepr5eur ,! t]m entrepr5eur means an individual :o f\nd$1 or is a memb] ( a gr\p t f\nd$1 a ,unit$ ,/ates bus9ess4 7#c7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,comm]ce4 7#d7 ,unit$ ,/ates bus9ess ,! t]m ,unit$ ,/ates bus9ess means a corporation1 p>tn]%ip1 association1 jo9t-/ock company1 bus9ess tru/1 un9corporat$ organization1 or sole proprietor%ip t-- 7,a7 has its pr9cipal place ( bus9ess 9 ! ,unit$ ,/ates2 or 7,b7 is organiz$ "u ! laws ( a ,/ate ( ! ,unit$ ,/ates or a t]ritory1 possession1 or commonweal? ( ! ,unit$ ,/ates4 #d4 ,assessm5t & analysis 7a7 ,assessm5t & analysis requir$ ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y1 9 consultation ) ! ,director ( ! ,bureau ( ! ,c5sus & ! ,director ( ! ,bureau ( ,economic ,analysis ( ! ,dep>tm5t ( ,comm]ce1 %all conduct an assessm5t & analysis reg>d+ ! reasons = ! /ate ( ! =mation ( new ,unit$ ,/ates bus9esses dur+ a p]iod-- 7#a7 t ! ,secret>y det]m9es appropriate bas$ on ! data describ$ 9 subsection 7b77#a77;,a72 & 7#b7 end+ on ! date on :i* ! assessm5t & analysis is conduct$4 7b7 ,consid]ations & consultation 7#a7 ,9 g5]al ,9 conduct+ ! assessm5t & analysis requir$ "u subsection 7a71 ! ,secret>y %all-- 7,a7 not)/&+ any o!r provision ( ,f$]al law1 & subject to p>agraph 7#b71 review data collect$ & ma9ta9$ by-- 7i7 ! ,bureau ( ! ,c5sus2 7ii7 ! ,bureau ( ,economic ,analysis2 7iii7 ! ,bureau ( ,labor ,/ati/ics2 7iv7 ! ,small ,bus9ess ,adm9i/ration2 7v7 ! ,dep>tm5t ( ! ,treasury2 7vi7 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em2 & 7vii7 any o!r ,f$]al or ,/ate ag5cy1 or public or private sector organization1 t ! ,secret>y det]m9es appropriate2 7,b7 ) respect to ! =mation ( new ,unit$ ,/ates bus9esses1 consid] ! impact (-- 7i7 demographic *anges caus$ by an ag+ work=ce & sl[+ population gr[?2 7ii7 increas$ indu/ry conc5tration & :e!r su* conc5tration may make x m difficult = new m>ket entrants to compete ) e/abli%$ companies2 7iii7 increas$ risk-av]sion foll[+ ! f9ancial crisis & recession t occurr$ 9 #bjjh & #bjji & det]ioration ( h\sehold balance %eets2 7iv7 difficulties relat+ to access to capital1 p>ticul>ly difficulties enc\nt]$ by und]s]v$ populations1 wom51 & memb]s ( m9ority gr\ps2 7v7 ! conc5tration ( v5ture capital 9 only a few cities2 7vi7 record levels ( /ud5t debt2 7vii7 ineffici5cies or o!r difficulties relat+ to ! comm]cialization ( f$]ally fund$ rese>* & innovation2 7viii7 regulatory burd51 ov]lap1 complexity1 & unc]ta9ty at ! ,f$]al & ,/ate levels2 7ix7 aspects ( ! ,int]nal ,rev5ue ,code ( #aihf t p5alize1 ob/ruct1 or o!rwise disadvantage new bus9esses1 or inve/ors 9 new bus9esses1 relative to incumb5t bus9esses1 or inve/ors 9 incumb5t bus9esses1 respectively2 7x7 =eign-born entrepr5eurs & ! impact ( ^? entrepr5eurs on job creation2 & 7xi7 any o!r factor t ! ,secret>y det]m9es appropriate2 & 7,c7 consult )-- 7i7 ! heads ( any ag5cies & (fices ( ! ,f$]al ,gov]nm5t t ! ,secret>y det]m9es appropriate1 includ+-- 7,i7 ! ,secret>y ( ! ,treasury2 7,,ii7 ! ,secret>y ( ,labor2 7,,iii7 ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration2 7,,iv7 ! ,*ief ,c\nsel ( ! ,(fice ( ,advocacy ( ! ,small ,bus9ess ,adm9i/ration2 & 7,v7 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em2 7ii7 entrepr5eurs1 includ+ entrepr5eurs :o are wom5 or memb]s ( m9ority gr\ps1 especially ^? entrepr5eurs :o f\nd$ ,unit$ ,/ates bus9esses t exp]i5c$ rapid gr[?2 & 7iii7 repres5tatives f consum]1 community1 & entrepr5eur%ip advocacy organizations4 7#b7 ,confid5tiality ,) respect to data review$ by ! ,secret>y "u p>agraph 7#a77;,a71 ! ,secret>y %all ensure t ! data is subject to ! same confid5tiality requirem5ts & protections z ! confid5tiality requirem5ts & protections ( ! ag5cy or entity1 z applicable1 provid+ ! data4 7c7 ,report ,! ,secret>y %all submit to ! appropriate committees ( ,congress a report reg>d+ ! f9d+s ( ! ,secret>y ) respect to ! assessm5t & analysis conduct$ "u subsection 7a74