Sec. 604. STUDY ON ECONOMIC COMPETITIVENESS AND INNOVATIVE CAPACITY OF UNITED STATES AND DEVELOPMENT OF NATIONAL ECONOMIC COMPETITIVENESS STRATEGY
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## SEC. 604 STUDY ON ECONOMIC COMPETITIVENESS AND INNOVATIVE CAPACITY OF UNITED STATES AND DEVELOPMENT OF NATIONAL ECONOMIC COMPETITIVENESS STRATEGY **[**[15 U.S.C. 3701 note](/us/usc/t15/s3701)**]** ###
(a)Study ####
(1)In general Not later than 1 year after the date of the enactment of this Act, the Secretary of Commerce shall complete a comprehensive study of the economic competitiveness and innovative capacity of the United States. ####
(2)Matters covered The study required by paragraph
(1)shall include the following: #####
(A)An analysis of the United States economy and innovation infrastructure. #####
(B)An assessment of the following: ######
(i)The current competitive and innovation performance of the United States economy relative to other countries that compete economically with the United States. ######
(ii)Economic competitiveness and domestic innovation in the current business climate, including tax and Federal regulatory policy. ######
(iii)The business climate of the United States and those of other countries that compete economically with the United States. ######
(iv)Regional issues that influence the economic competitiveness and innovation capacity of the United States, including— ######
(I)the roles of State and local governments and institutions of higher education; and ######
(II)regional factors that contribute positively to innovation. ######
(v)The effectiveness of the Federal Government in supporting and promoting economic competitiveness and innovation, including any duplicative efforts of, or gaps in coverage between, Federal agencies and departments. ######
(vi)Barriers to competitiveness in newly emerging business or technology sectors, factors influencing underperforming economic sectors, unique issues facing small and medium enterprises, and barriers to the development and evolution of start-ups, firms, and industries. ######
(vii)The effects of domestic and international trade policy on the competitiveness of the United States and the United States economy. ######
(viii)United States export promotion and export finance programs relative to export promotion and export finance programs of other countries that compete economically with the United States, including Canada, France, Germany, Italy, Japan, Korea, and the United Kingdom, with noting of export promotion and export finance programs carried out by such countries that are not analogous to any programs carried out by the United States. ######
(ix)The effectiveness of current policies and programs affecting exports, including an assessment of Federal trade restrictions and State and Federal export promotion activities. ######
(x)The effectiveness of the Federal Government and Federally funded research and development centers in supporting and promoting technology commercialization and technology transfer. ######
(xi)Domestic and international intellectual property policies and practices. ######
(xii)Manufacturing capacity, logistics, and supply chain dynamics of major export sectors, including access to a skilled workforce, physical infrastructure, and broadband network infrastructure. ######
(xiii)Federal and State policies relating to science, technology, and education and other relevant Federal and State policies designed to promote commercial innovation, including immigration policies. #####
(C)Development of recommendations on the following: ######
(i)How the United States should invest in human capital. ######
(ii)How the United States should facilitate entrepreneurship and innovation. ######
(iii)How best to develop opportunities for locally and regionally driven innovation by providing Federal support. ######
(iv)How best to strengthen the economic infrastructure and industrial base of the United States. ######
(v)How to improve the international competitiveness of the United States. ####
(3)Consultation #####
(A)In general The study required by paragraph
(1)shall be conducted in consultation with the National Economic Council of the Office of Policy Development, such Federal agencies as the Secretary considers appropriate, and the Innovation Advisory Board established under subparagraph (B). The Secretary shall also establish a process for obtaining comments from the public. #####
(B)Innovation advisory board ######
(i)In general The Secretary shall establish an Innovation Advisory Board for purposes of obtaining advice with respect to the conduct of the study required by paragraph (1). ######
(ii)Composition The Advisory Board established under clause
(i)shall be comprised of 15 members, appointed by the Secretary— ######
(I)who shall represent all major industry sectors; ######
(II)a majority of whom should be from private industry, including large and small firms, representing advanced technology sectors and more traditional sectors that use technology; and ######
(III)who may include economic or innovation policy experts, State and local government officials active in technology-based economic development, and representatives from higher education. ######
(iii)Exemption from chapter 10 of title 5, united states code Chapter 10 of title 5, United States Code, shall not apply to the advisory board established under clause (i). ###
(b)Strategy ####
(1)In general Not later than 1 year after the completion of the study required by subsection (a), the Secretary shall develop, based on the study required by subsection (a)(1), a national 10-year strategy to strengthen the innovative and competitive capacity of the Federal Government, State and local governments, United States institutions of higher education, and the private sector of the United States. ####
(2)Elements The strategy required by paragraph
(1)shall include the following: #####
(A)Actions to be taken by individual Federal agencies and departments to improve competitiveness. #####
(B)Proposed legislative actions for consideration by Congress. #####
(C)Annual goals and milestones for the 10-year period of the strategy. #####
(D)A plan for monitoring the progress of the Federal Government with respect to improving conditions for innovation and the competitiveness of the United States. ###
(c)Report ####
(1)In general Upon the completion of the strategy required by subsection (b), the Secretary of Commerce shall submit to Congress and the President a report on the study conducted under subsection
(a)and the strategy developed under subsection (b). ####
(2)Elements The report required by paragraph
(1)shall include the following: #####
(A)The findings of the Secretary with respect to the study conducted under subsection (a). #####
(B)The strategy required by subsection (b).
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Sec. 604
STUDY ON ECONOMIC COMPETITIVENESS AND INNOVATIVE CAPACITY OF UNITED STATES AND DEVELOPMENT OF NATIONAL ECONOMIC COMPETITIVENESS STRATEGY
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