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As we begin 2014, members of Congress return to Capitol Hill and there are a few committee hearings scheduled for the week ahead. In the House, private sector STEM programs get a look from the Committee on Science, Space and Technology while Africa’s emerging economies are the focus of the Committee on Foreign Affairs. In the Senate, the only relevant hearing currently scheduled is a review of government support for bank holding companies including testimonies from entrepreneurship professors from MIT Sloan School of Management and Chicago Booth School of Business.
Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week:
Members of the House get a jump on the holiday season and will be in recess this week. Meanwhile, their Senate counterparts have a few hearings scheduled. A hearing on the data broker industry follows a yearlong Commerce Committee examination of how data brokers collect, compile, and sell consumer information for marketing purposes. Also, patent trolls get another look this week, courtesy of the Judiciary Committee, which is also exploring the impact on small businesses from a recent decision by the 5th U.S. Court of Appeals to allow companies to require employees to sign contracts forbidding them from initiating class arbitration against the company.
Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week.
Still perceived by many to be the choice of currency for shady black market dealings, Bitcoin is starting to gain legitimacy as a valid form of digital currency. A disruptive innovation that has led to a number of startups and even its own Silicon Valley accelerator, Bitcoin has already succeeded in challenging the long-held notion that governments control the supply of money. And now it has a Foundation making the rounds on Capitol Hill.
Members of the Senate are still on Thanksgiving recess but the House is back in action. The House Rules Committee will work on a couple pieces of legislation this week before they hit the House floor. The Innovation Act (H.R. 3309) takes aim at patent trolls through a number of reforms including increased transparency and ‘fee shifting’ so the loser pays attorney fees in a patent case. The Small Business Capital Access and Job Preservation Act (H.R. 1105) would effectively exempt private equity firms from registering with the Securities and Exchange Commission. Other topics covered by committee hearings include: the bankruptcy code, small business lending, regulatory burdens on small financial institutions, the impacts of the health care law on small employers and government regulation in a changing energy landscape.
Metropolitan entrepreneurship issues are the focus of two new Kauffman Foundation reports released last week at the Mayors Conference on Entrepreneurship held in conjunction with Global Entrepreneurship Week.
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