This legislation creates the Senate Entrepreneur in Residence Study Committee to examine impediments to entrepreneurs. The program would have two objectives:  (1) to identify within government inefficient and overlapping programs that negatively impact entrepreneurs trying to start or expand a business, and to recommend solutions; and, (2) to serve as a visible advocate and mentor for entrepreneurs within the government, a point of contact who knows and understands their needs, concerns, and frustrations with regard to dealing with government.

The entrepreneur in residence would:

1. Assist in providing outreach to entrepreneurs and small businesses;

2. Provide recommendations on ways to streamline and improve government procedures impacting entrepreneurs;

3. Recommend ways to improve programs available to entrepreneurs;

4. Facilitate meetings and forums to educate entrepreneurs on programs and requirements;

5. Provide technical assistance or guidance to entreprenuers in navigating government programs and requirements;

6. Participate in informal working groups of entrepreneurs in residence from various agencies established to discuss best practices, experiences, obstacles, opportunities, and recommendations.