STARTUP  A C T

Section 9 – Economic Impact of Significant Federal Agency Rules​
• Requires an extensive cost-benefit analysis of all proposed “significant rules” and expands that analysis requirement to independent regulatory agencies. The required analysis will, to the extent possible and permitted by law, quantify the benefits of the rule, and the anticipated costs of administration, compliance, and reduced efficiency.
• Requires federal agencies to examine the purpose of proposing additional regulation and provide an analysis of alternatives to the rule that would accomplish the same goal.
• Requires agencies to consider the effect of new “significant rules” on startups.

 

Section 10 – Biennial State Startup Business Report​
• Directs the Department of Commerce to compile a new report that analyzes state laws that affect the formation and growth of startups in each state and the District of Columbia. States and the District will be ranked based on the effectiveness with which their laws foster new business creation and economic growth.

 

Section 11 – New Business Formation Report​
• Directs the Department of Commerce to compile and publish information on new business starts within the United States.