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Code · BILL · 113th Congress · S. 310 (Introduced in Senate) — To jump-start economic recovery through the formation and growth of new businesses, and for other purposes. · Sec. 11

Sec. 11. New business formation report

308 words·~1 min read·/bill/113/s/310/is/section-11

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The Secretary of Commerce shall regularly compile quantitative and qualitative information on businesses in the United States that are not more than 1 year old. The Secretary shall— regularly compile information from the Bureau of the Census’ business register on new business formation in the United States; and conduct quarterly surveys of business owners who start a business during the 1-year period ending on the date on which such survey is conducted to gather qualitative information about the factors that influenced their decision to start the business.
In conducting surveys under subsection (b)(2), the Secretary may use random sampling to identify a group of business owners who are representative of all the business owners described in subsection (b)(2). The Secretary shall inform business owners selected to participate in a survey conducted under this section of the benefits they would receive from participating in the survey. Business owners selected to participate in a survey conducted under this section may decline to participate without penalty.
Not later than 18 months after the date of the enactment of this Act, and every 3 months thereafter, the Secretary shall use the data compiled under subsection
(b)to prepare a report that— lists the aggregate number of new businesses formed in the United States; lists the aggregate number of persons employed by new businesses formed in the United States; analyzes the payroll of new businesses formed in the United States; summarizes the data collected under subsection (b); and identifies the most effective means by which government officials can encourage the formation and growth of new businesses in the United States. The Secretary shall— submit each report prepared under subsection
(f)to Congress; and make each report available to the public on the Department of Commerce’s website. There are authorized to be appropriated such sums as may be necessary to carry out this section.
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