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S 2619 114th Congress Senate Commerce Business investment and capital Intellectual property Small business Technology transfer and commercialization

Startup Entrepreneur Empowerment Delivery Act of 2016

Introduced: March 2, 2016 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 2016
Read twice and referred to the Committee on Commerce, Science, and Transportation. (Sponsor introductory remarks on measure: CR S1224)
Mar 2, 2016
Introduced in Senate
 Plain-English summary Congressional Research Service

Startup Entrepreneur Empowerment Delivery Act of 2016

This bill directs the Department of Commerce to carry out a one-year pilot program to assess the feasibility and advisability of awarding financial assistance of up to $120,000, on a competitive basis, to up to 10 local governments to support the development of startup businesses.

Such a local government must represent a population of 200,000 or less and be eligible to participate in the Experimental Program to Stimulate Competitive Research ("EPSCoR") of the National Science Foundation.

An eligible startup business must be under the local government's jurisdiction, have fewer than five full-time employees, and intend to produce a technology or product that may result in intellectual property vesting in an entity of the United States that can commercialize the technology in a timely manner.

Each local government receiving a grant shall ensure that the financial assistance it gives to a startup is used to assist with direct costs related to successfully growing a business.

What's happening now March 2, 2016

Read twice and referred to the Committee on Commerce, Science, and Transportation. (Sponsor introductory remarks on measure: CR S1224)

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1