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Analyzing Decline in New US Business Formation

This act mandates an assessment of why fewer new businesses are being created in the United States. The findings will help understand the factors hindering entrepreneurship, potentially leading to future policies that support business growth and job creation.
Key points
Requires the Department of Commerce to conduct a detailed assessment of the reasons for the decline in new US business formation.
The analysis will consider demographic shifts, market concentration, access to capital (especially for underserved groups), student debt, and regulatory burdens.
A report based on this assessment will help identify issues and develop solutions to foster entrepreneurship and job creation.
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Additional Information
Print number: 117_HR_1345
Sponsor: Rep. Hill, J. French [R-AR-2]
Process start date: 2021-02-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Enhancing Entrepreneurship for the 21st Century Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1345.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-25.

What are the main provisions?

Key points include:

  • Requires the Department of Commerce to conduct a detailed assessment of the reasons for the decline in new US business formation.
  • The analysis will consider demographic shifts, market concentration, access to capital (especially for underserved groups), student debt, and regulatory burdens.
  • A report based on this assessment will help identify issues and develop solutions to foster entrepreneurship and job creation.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Hill, J. French [R-AR-2].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Consumer Protection and Commerce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Economy