Summary of S. RES. 555 - Designating the week of February 10 through February 17, 2024, as 'National Entrepreneurship Week'

The bill, known as S. RES. 555, designates the week of February 10 through February 17, 2024, as 'National Entrepreneurship Week.' This week is meant to recognize and celebrate the importance and contributions of entrepreneurs and startups to the economic prosperity of the United States and the well-being of every community across the country.

The bill emphasizes the significance of entrepreneurship in the United States, asserting that the country is the most entrepreneurial nation in the world. It highlights how the entrepreneurial spirit has shaped the identity of the United States and led to the development of the most innovative and productive economy in history.

The resolution highlights the fact that new and small businesses make up 99 percent of all businesses in the United States and employ almost half of all workers. It stresses the role of entrepreneurship in driving innovation, productivity gains, job creation, and expanding opportunity, and emphasizes the importance of maintaining a thriving entrepreneurial spirit for economic growth.

National Entrepreneurship Week aims to inspire students and the next generation of entrepreneurs by encouraging educators across the country to integrate entrepreneurship education into the classroom. Research has shown that students who participate in entrepreneurship education programs have better attendance records, perform better in core subjects, and have lower dropout rates.

The bill concludes by designating specific actions to observe National Entrepreneurship Week. This includes celebrating the importance of entrepreneurs and startups to the U.S. economy, recognizing their contributions to expanding opportunity and prosperity, and promoting policies that support and nurture entrepreneurs. It also urges federal, state, and local governments, schools, nonprofit organizations, and other civic organizations to hold special events and activities during this week to recognize and support future entrepreneurs.

US Congress 118th Congress

Bill Texts

Enrolled 02/12/2024

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Sponsors (2)

Sen. Amy Klobuchar

Primary Sponsor

Sen. Tim Scott

Co-Sponsor