Scott, Klobuchar Declare National Entrepreneurship Week and Reintroduce Legislation to Boost Entrepreneurship in 21st Century

Press Release

Today, Senate Entrepreneurship Caucus Co-Chairs Senators Tim Scott (R-S.C.) and Amy Klobuchar (D-MN) filed a Senate resolution declaring this week National Entrepreneurship Week and reintroduced the bipartisan Enhancing Entrepreneurship for the 21st Century Act.

The Enhancing Entrepreneurship for the 21st Century Act would require the Secretary of Commerce to work with partners at all relevant government agencies to conduct a comprehensive study into the underlying factors driving the current "startup slump." American small businesses have borne the brunt of the economic downturn in our nation and Congress will work in a bipartisan fashion to ensure entrepreneurs have adequate resources to make their American Dream a reality.

"There is a difference between being wealthy and creating wealth, and as a former small business owner, I was able to both earn a living and help others to reach their full potential," said Senator Scott. "As we emerge from the pandemic, our job in Congress will be to implement commonsense policies that will allow our nation's entrepreneurs to rebuild our economy. My bipartisan Enhancing Entrepreneurship for the 21st Century Act is just one of the many tools we can enact to get the American economy back on track."

"Entrepreneurship and innovation are key to our economic prosperity and are needed more than ever as we rebuild our economy and put the pandemic behind us," said Senator Klobuchar. "As co-chair of the Senate Entrepreneurship Caucus, it's an honor to work with business leaders across the country as they work to spur innovation, create jobs, and move our country forward. I'm glad to celebrate them this week and will continue pushing for policies to support entrepreneurs."

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