HRES.401 - Expressing Support For Designation Of The Third Tuesday Of November As "National Entrepreneurs' Day".

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10/30/2013--Introduced. Expresses support for the designation of National Entrepreneurs Day. Recognizes the considerable contributions of entrepreneurs to the United States. Honors those entrepreneurs who ignite innovation and inspire the next generation.

Referred To The Subcommittee On Commerce, Manufacturing, And Trade.
November 1st 2013 @ 12:00 AM

Referred To The House Committee On Energy And Commerce.
October 30th 2013 @ 12:00 AM

This resolution expresses support for designation of a "National Entrepreneurs Day" on the third Tuesday of November.

Jasminee Persaud, Senior Analyst
Thursday February 27th 2014

House Resolution 401 would express support from the House of Representatives for designation of a "National Entrepreneurs Day" on the third Tuesday of November. Generally, the resolution honors the innovation, creativity and risk-taking of entrepreneurs and recognizes the considerable contributions of entrepreneurs to the economic growth of United States. H.Res.401 has broad bipartisan support in the House and is one of over 40 pieces of legislation introduced during the 113th Congress related to incentivizing and strengthening entrepreneurs.

Jasminee Persaud, Senior Analyst
Thursday February 27th 2014
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H.Res.401 would recognize entrepreneurs across the country every year on the third Tuesday in November. The bill directly impacts small businesses, start-up companies, angel investors, incubators, and other early-stage investors. According to the bill, more than half-a-million new businesses are created in the United States every month, and small businesses have accounted for 40 percent of new jobs in the last two decades. According to the Bureau of Labor Statistics, “entrepreneurship plays a vital role in the growth of the U.S. economy.” One study from the National Bureau of Economic Research indicates that recently created companies are a significant driver of new job creation, where “firm startups account for only 3 percent of employment but almost 20 percent of gross job creation.”

Jasminee Persaud, Senior Analyst
Thursday February 27th 2014

In October 2013, the Obama Administration issued a Presidential Proclamation that proclaimed November 22, 2013 as National Entrepreneurs’ Day.

The first National Entrepreneurs' Day has its roots in a social media campaign organized two entrepreneurs that run a communications company called the Grasshopper Group. David Hauser and Siamak Taghaddos created a Twitter campaign in 2009 to petition the President to create a National Entrepreneurs' Day. Mr. Taghaddos said that they felt strongly that "the only people who are going to turn around the economy and really create jobs are entrepreneurs." The Ewing Marion Kauffman Foundation and the Legacy Foundation provided additional support to the effort.  For more information, see http://entrepreneursday.org.

H.Res.401 also honors San Diego entrepreneur Duane Roth, who passed away in August 2013 from a bicycle accident.  The City and County of San Diego also passed resolutions designating days to honor local entrepreneurs.

Jasminee Persaud, Senior Analyst
Thursday February 27th 2014

In a press release on November 19, 2013, Congressman Scott Peters (D-CA) made the following statement:

“The United States has been the global leader in innovation over the past century thanks to the optimistic and adventurous spirit of American entrepreneurs,” Congressman Peters said. “Today, on National Entrepreneurs' Day, we’re sending a message to those wanting to start a new venture that Congress is serious about fostering an economic environment that supports them. Whether through comprehensive immigration reform or a serious look at our nation’s corporate tax code, it’s time we got to work making America the best place to start and build a new venture again.

Congressman Scott Peters (D-CA) also wrote in a Huffington Post opinion piece on November 19, 2013:

“Investments have been declining over the past decade as lawmakers look for ways to reduce spending and cut the debt. So it should be no surprise that in that same decade, America has been losing its competitive advantage. However, with 500,000 small businesses still being created on average each month in 2012, it is clear to me that, with the right focus, we can get it back. Recently, I introduced a resolution in Congress that would deem the third Tuesday of each November as 'National Entrepreneurs' Day,' sending the message to entrepreneurs across the country that Congress is serious about supporting them.”

Jasminee Persaud, Senior Analyst
Thursday February 27th 2014

Rep. Scott Peters (R-CA) introduced H.Res.401 on October 30, 2013, and the resolution was referred to the House Energy and Commerce Committee.  The Energy and Natural Resources Committee oversees legislation related to national energy policy, including nuclear oversight, conventional and renewable energy regulation, natural parks, public lands, and water and power resources. The Committee is led by Chairman Ron Wyden (D-OR) and Ranking Member Lisa Murkowski (R-AK).

There are 11 Democrats, 10 Republicans, and 1 Independent on the Committee.  On November 1, 2013, the bill was referred to the Committee’s Commerce, Manufacturing, and Trade Subcommittee.  

Jasminee Persaud, Senior Analyst
Thursday February 27th 2014

Representatives Scott Peters introduced House Resolution 401 on October 23, 2013. The resolution gained an additional 50 sponsors, including 46 Democrats and 4 Republicans.

The resolution is not expected to be controversial as it honors individuals promoting economic growth and would not involve a cost to taxpayer

H.Res.401 is a broadly popular Simple Resolution that is expected to pass the House. Simple Resolutions concern the operation of either the House or Senate alone

Jasminee Persaud, Senior Analyst
Thursday February 27th 2014

The website http://entrepreneursday.org describes ways that the White House has supported entrepreneurs:

“The Obama White House has focused on creating companies – and jobs – through specific legislation like the JOBS act, and through programs like The Presidential Innovation Fellows. This program pairs top innovators from the private sector, non-profits, and academia with top innovators in government to collaborate on solutions that will deliver significant results in six months or less. The White House also promotes high-growth entrepreneurship through Startup America.”

The White House has supported the designation of time to honor the national entrepreneurship spirit in the past. Most recently, in 2013 the White House declared a National Entrepreneurship Month, and issued a on October 31, 2013 proclamation where he stated:

“The entrepreneurial spirit has always been at the heart of our Nation's story. With inventions that changed American life and startups that lifted our economy as they grew, entrepreneurs helped make our country what it is today. During National Entrepreneurship Month, we celebrate America's innovators, support small businesses, and empower entrepreneurs to turn their visions into reality… Now, therefore, I, Barack Obama, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim November 2013 as National Entrepreneurship Month. I call upon all Americans to commemorate this month with appropriate programs and activities, and to celebrate November 22, 2013, as National Entrepreneurs' Day.”

President Obama declared the first US National Entrepreneurship Day as November 19, 2010, and issued a proclamation where he stated:

“Now, therefore, I, Barack Obama, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim November 14 through November 20, 2010, as National Entrepreneurship Week. I call upon all Americans to commemorate this week with appropriate programs and activities, and to celebrate November 19, 2010, as National Entrepreneurs' Day.”

Jasminee Persaud, Senior Analyst
Thursday February 27th 2014

On November 19, 2013, Congressman Scott Peters (D-CA) stated “I introduced a resolution in Congress that would deem the third Tuesday of each November as 'National Entrepreneurs' Day,' sending the message to entrepreneurs across the country that Congress is serious about supporting them.”

The Ewing Marion Kauffman Foundation whose mission is “to help individuals attain economic independence by advancing educational achievement and entrepreneurial success” was a key early supporter of creating a National Entrepreneurs Day. The Foundation believes that supporting entrepreneurship is “critical in developing self-sufficient people and a vibrant economy and society.”

The website http://entrepreneursday.org, supported by the Grasshopper Group, the Kaufman Foundation and the Legacy Foundation states: “Until 2010, when President Obama declared the first National Entrepreneurs' Day, entrepreneurs received no public recognition for the risks they've taken and the hours they've put in, to make our economy strong.”

Other supporters include the City of San Diego, the County of San Diego, and the San Diego Regional Chamber of Commerce, as well as numerous San Diego-based businesses.  There is no formal opposition.  

Jasminee Persaud, Senior Analyst
Thursday February 27th 2014

The Congressional Budget Office has not estimated the cost of H.Res.401. The Simple Resolution would not affect discretionary spending or the federal budget.

 

Jasminee Persaud, Senior Analyst
Thursday February 27th 2014

H.Res.401 contains a series of “whereas” statements, or justifications for recognizing American entrepreneurs and naming the third Tuesday of November as “National Entrepreneur Day.” Broadly, these statements encompass recognition for role entrepreneur’s play in helping to stimulate economic growth and subsequent job creation. 

These are listed below:

“Whereas since our Nation's beginning, innovation, creativity, industriousness, and entrepreneurship have formed the economic fiber of the United States;

“Whereas entrepreneurs' willingness to evaluate risk has resulted in unparalleled contributions to this country's growth and development;

“Whereas entrepreneurship is the stimulus for strengthening the economy, advancing innovation, improving productivity, and creating new jobs;

“Whereas research conveys that innovation has been responsible for approximately two-thirds of our country's economic growth since World War II;

“Whereas more than half-a-million new businesses are created in the United States every month and small business openings have accounted for 40 percent of new jobs in the last two decades;

“Whereas despite economic instability, 56 percent of adults were confident that they could start a business and 82 percent of entrepreneurs in 2012 used their own savings for startup cash, indicating that the American entrepreneurial spirit remains strong;

“Whereas collaboration and cooperation amidst a broad coalition of organizations, including nonprofit entrepreneurial incubators, angel investors, venture capitalists, crowd-funding initiatives, and other early-stage investors, catalyze entrepreneurial ventures;

“Whereas entrepreneurial literacy skills serve as one of the 21st-century content areas critical to success in communities and workplaces;

“Whereas more than 70 percent of young Americans envision starting a business or doing something entrepreneurial as adults;

“Whereas positive outcomes for youth who participate in entrepreneurship education programs include improved academic performance, increased critical thinking skills, and heightened occupational aspirations;

“Whereas to maintain our position as a world economic leader, the government, entrepreneurs, universities, and small and large businesses of this country must be united in a comprehensive effort to welcome and cultivate entrepreneurial savvy;

“Whereas entrepreneurship is America's best offense for economic progress and its finest defense against the status quo; and

“Whereas the third Tuesday of November would be an appropriate date to designate as `National Entrepreneurs Day'': Now, therefore, be it resolved, that the House of Representatives--

          (1) supports the designation of ``National Entrepreneurs Day'';

(2) recognizes the considerable contributions of entrepreneurs to the United States of America; and

          (3) honors those entrepreneurs who ignite innovation and inspire the next generation

Jasminee Persaud, Senior Analyst
Thursday February 27th 2014

Congress’ authority for is found in Article 1, Section 8, Clause 18 of the U.S. Constitution

(“To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.”)

Jasminee Persaud, Senior Analyst
Thursday February 27th 2014

http://scottpeters.house.gov/media-center/press-releases/congressman-peters-launches-national-entrepreneurs-day

http://www.huffingtonpost.com/rep-scott-peters/national-entrepreneurs-day_b_4298456.html

White House:

http://www.whitehouse.gov/the-press-office/2013/10/31/presidential-proclamation-national-entrepreneurship-month-2013

http://www.whitehouse.gov/the-press-office/2010/11/15/presidential-proclamation-national-entrepreneurship-week

Articles and Other:

http://entrepreneursday.org/

http://www.cbsnews.com/news/how-two-upstarts-sold-obama-on-national-entrepreneurs-day/

http://grasshopper.com/blog/make-national-entrepreneurs-day-official-holiday/

http://www.babson.edu/Academics/centers/blank-center/global-research/gem/Documents/GEM%20US%202012%20Report%20FINAL.pdf

http://www.nber.org/digest/feb11/w16300.html

http://www.bls.gov/bdm/entrepreneurship/entrepreneurship.htm

Jasminee Persaud, Senior Analyst
Thursday February 27th 2014

H.Res.401 is about three pages long, and has a Flesch-Kincaid readability score of 94.3 out of 100. Higher scores indicate material that is easier to read; lower numbers designate passages that are more difficult to comprehend

Jasminee Persaud, Senior Analyst
Thursday February 27th 2014
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