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Advancing Tech Startups Act
12/30/2022, 5:32 PM
Summary of Bill HR 3708
Bill 117 HR 3708, also known as the Advancing Tech Startups Act, aims to support and promote the growth of technology startups in the United States. The bill focuses on providing resources and assistance to tech startups in order to help them succeed and thrive in the competitive market.
One key aspect of the bill is the establishment of a grant program that will provide funding to tech startups for research and development, as well as for the commercialization of new technologies. This funding will help startups to innovate and bring new products and services to market, ultimately driving economic growth and creating jobs.
Additionally, the bill includes provisions for mentorship and training programs for tech startup founders and employees. These programs will help to develop the skills and knowledge necessary for success in the tech industry, as well as provide guidance and support for navigating the challenges of starting and growing a tech business. Overall, the Advancing Tech Startups Act is aimed at fostering a supportive environment for tech startups in the US, with the goal of promoting innovation, economic growth, and job creation in the technology sector.
One key aspect of the bill is the establishment of a grant program that will provide funding to tech startups for research and development, as well as for the commercialization of new technologies. This funding will help startups to innovate and bring new products and services to market, ultimately driving economic growth and creating jobs.
Additionally, the bill includes provisions for mentorship and training programs for tech startup founders and employees. These programs will help to develop the skills and knowledge necessary for success in the tech industry, as well as provide guidance and support for navigating the challenges of starting and growing a tech business. Overall, the Advancing Tech Startups Act is aimed at fostering a supportive environment for tech startups in the US, with the goal of promoting innovation, economic growth, and job creation in the technology sector.
Congressional Summary of HR 3708
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.
Read the Full Bill
Current Status of Bill HR 3708
Bill HR 3708 is currently in the status of Bill Introduced since June 4, 2021. Bill HR 3708 was introduced during Congress 117 and was introduced to the House on June 4, 2021. Bill HR 3708's most recent activity was Referred to the Subcommittee on Consumer Protection and Commerce. as of June 7, 2021
Bipartisan Support of Bill HR 3708
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
2Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3708
Primary Policy Focus
CommerceAlternate Title(s) of Bill HR 3708
Advancing Tech Startups Act
To require the Secretary of Commerce to conduct a study on tech startups, and for other purposes.
Advancing Tech Startups Act
Comments
Sponsors and Cosponsors of HR 3708
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