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Johnson Introduces the Advancing Tech Startups Act

“Can’t rely on China – or anyone else”

Washington, May 21, 2020 | Ben Keeler (330.337.6951)
Congressman Bill Johnson (R-Marietta) released the following statement after introducing H.R. 6940, the Advancing Tech Startups Act:

Congressman Bill Johnson (R-Marietta) released the following statement after introducing H.R. 6940, the Advancing Tech Startups Act:

“This legislation promotes a national strategy for encouraging more tech-focused startups and small businesses in all parts of the United States,” Bill Johnson said. “The Chinese coronavirus outbreak has served as a painful lesson about the importance of creating products, supply chains, and intellectual capital here at home. We simply can’t rely on China – or anyone else. And, we don’t need to.  While we must ensure our supply chains are resilient in a global economy, we must also be self-sufficient in critical areas.  It’s time to fully unleash the American spirit of innovation and entrepreneurship to ensure we are.”

Johnson added, “this legislation will identify and illustrate where innovation and technology are currently being developed in the US, and what barriers may be preventing technology startups and small businesses from thriving outside of areas like Silicon Valley. It’s vital that we, as a nation, tap into American deep reserves of talent and ingenuity that are present all cross the country.”

H.R. 6940 would require the Department of Commerce to lead a study on the state of innovation in the United States. This study would identify where American innovation is being developed by technology startups and small businesses. It would also require surveys on the following:

  • A survey to identify which Federal agencies have jurisdiction over the creation, development and growth of tech startups, in addition to relevant interagency activities and Federal rules and regulations
  • An international survey to gauge American competitiveness
  • Survey on relevant marketplaces and supply chains that impact creation and growth of technology startups.

Lastly, the legislation requires the Department of Commerce to report to Congress on any Federal rules or regulations that are acting as barriers to creation, development, and growth of technology startup companies, as well as recommendations for a comprehensive plan that promotes growth and development of technology startups and mitigates risk to marketplaces and supply chains.

H.R. 6940 is part of a larger effort by Energy and Commerce Committee Republicans to ensure American leadership in emerging technology to stay ahead of China and beat back other challenges.

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