U.S. Senators Tim Scott (R-SC) and Amy Klobuchar (D-MN) launched the bipartisan Senate Entrepreneurship Caucus on March 6, 2019 to address the most pressing issues facing entrepreneurs and serve as a forum for collaboration and coordination. 

The caucus will work to diagnose the causes of this “startup slump” and formulate a comprehensive strategy to counteract it. The caucus will also serve as a clearinghouse for proposals from interested groups who wish to share their ideas with policymakers who are committed to supporting nation's entrepreneurs.

Senate committees such as the Committee on Small Business and Entrepreneurship, which focuses on some of the same goals as the caucus, typically operate a bit like fiefdoms. 

The new caucus will bring together senators from different committees that touch issues affecting entrepreneurs around a single agenda. That includes the Committee on Small Business and Entrepreneurship as well as those dealing with technology, access to capital, education, immigration, tax policy, and regulation.

The Senate Entrepreneurship Caucus will be led by Co-Chairs Scott and Klobuchar. Formation of the caucus is supported by the Center for American Entrepreneurship (CAE), Economic Innovation Group (EIG), the U.S. Chamber of Commerce, Small Business Majority, the Ewing Marion Kauffman Foundation, the National Federation of Independent Business (NFIB), Main Street Alliance, the Small Business and Entrepreneurship Council, Small Business Investor Alliance, the American Investment Council, and the National Venture Capital Association.