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Advancing Tech Startups Act

2/5/2024, 2:30 PM

Congressional Summary of HR 5398

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.

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Current Status of Bill HR 5398

Bill HR 5398 is currently in the status of Bill Introduced since September 12, 2023. Bill HR 5398 was introduced during Congress 118 and was introduced to the House on September 12, 2023.  Bill HR 5398's most recent activity was Ordered to be Reported by the Yeas and Nays: 46 - 0. as of December 6, 2023

Bipartisan Support of Bill HR 5398

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5398

Primary Policy Focus

Commerce

Potential Impact Areas

- Congressional oversight
- Government studies and investigations
- Homeland security
- Intergovernmental relations
- Public-private cooperation
- Retail and wholesale trades
- Small business

Alternate Title(s) of Bill HR 5398

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

Comments

Sponsors and Cosponsors of HR 5398

Bill Johnson
Bill Johnson
OhioRepublican
Dean Phillips
Dean Phillips
MinnesotaDemocrat

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