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*S. 1001==Policy Landscape== '''Policy Overview''' {{: The Veterans Entrepreneurial Transition Act Summary of 2015 Policies}} '''Current US Entrepreneurship Policy''' **Reported The Senate Committee on Small Business and Entrepreneurship Most of the bills reported/introduced by the U.S. Congress pertaining to innovation and entrepreneurship are reported on by the Senate Committee on Small Business and Entrepreneurship** Amends the . The U.S. Senate Committee on Small Business Act to direct and Entrepreneurship is a standing committee of the United States Senate. The committee has jurisdiction over the [https://en.wikipedia.org/wiki/Small_Business_Administration Small Business Administration to carry out a pilot program to assess the feasibility ] and is also charged with researching and advisability investigating all problems of making grants to eligible veterans to start or acquire a qualifying American small business enterprise* enterprises. The current Chairman of the Committee is U.S. 2116: Senator David Vitter. Other information on the Committee on Small Business Broadband and Emerging Information Technology Enhancement Act Entrepreneurship, including Committee members and recent pieces of 2015legislation, can be found on their [http://www.sbc.senate.gov/public/index.cfm?p=Home. website] **Acts Reported on by the Senate Committee on Small Business and Entrepreneurship{{:Acts Reported on by the Senate Committee on Small Business and Entrepreneurship}}[[Acts Reported on by the Senate Committee on Small Business and Entrepreneurship]] '''Current US Innovation Policy''' **Improves certain programs [[:Innovation Promotion Act|Innovation Promotion Act]]The "Innovation Promotion Act of 2015" was released as a discussion draft on July 31, 2015. The act promotes a reduction of taxes to 10% for income from intellectual property. It also proposes qualifying tax distributions of qualifying intellectual property from a controlled foreign corporation to the US parent company. This act is indicative of the Small Business Administration United States' effort to better assist small business customers in accessing broadband technologyattract and foster more innovation and research. There has also been extensive [[:Feedback on the Innovation Promotion Act| feedback]] on the innovation promotion act.