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H.R. 5398, Advancing Tech Startups Act (CBO Report for Congress)

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Congress 118th
Date Requested Dec. 6, 2023
Requested By House Committee on Energy and Commerce
Date Sent March 1, 2024
Description:
The bill would require the Department of Commerce to study and report to the Congress within two years of enactment on how technology startup companies affect the U.S. economy. Based on the cost of similar studies, CBO estimates that implementing H.R. 5398 would cost $2 million over two years for the work of four employees, at an annual cost of about $220,000 each, along with purchases of data and survey contracts.

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