Congress

The United States should offer young innovative firms refundable R&D tax credits in lieu of using carry-forward or carry-backward provisions on business losses.

Investing in R&D is risky, but creates a large societal benefit through knowledge spillovers. Furthermore, R&D creates new products and practices that create economic growth. Many of the benefits of R&D are not captured by the firm producing the research. This is why the United States, like most other countries, offer incentives to firms investing in R&D. Unfortunately, the incentives only impact firms that are profitable. Many of the most innovative young firms engaged in R&D, which the credit should be particularly interested in supporting, will not become profitable until after a high-risk period of R&D investment needed to develop an idea into a marketable product. Offering a refundable R&D tax credits in lieu of using carry-forward or carry-backward provisions on business losses will allow the R&D tax credit to extend to young firms. Australia, Canada, France, Norway, and the United Kingdom have already adopted this method of incentivizing R&D in young innovative firms. Additionally, within the EU, governments can give extra incentives to firms less than six years old that invest more than 15 percent of their total revenues on R&D across all regions and sectors without breaking EU state aid rules.

Congress should establish a single, national license for telehealth providers

To address this challenge and further enhance development of telehealth services, Congress should establish a single, national license for telehealth providers.

Congress should establish a single, national license for telehealth providers.

State licensing boards establish the conditions under which health care providers may practice within their state. In general, states require practitioners to be licensed in the state in which they practice medicine. Before the advent of telehealth, the state where practitioners worked and the state where patients received treatment were almost always the same. However, since telehealth allows practitioners and patients to be located in different locations—a patient in Florida may want to seek treatment from a doctor in New York—this condition is no longer necessarily true. This has raised legal challenges for providers wishing to provide telehealth services as the rules for licensing vary by jurisdiction. In addition, since health care providers cannot practice medicine without a proper license, a telehealth provider would potentially have to obtain a separate license for every state. These legal complexities create a costly and cumbersome process that impairs the widespread adoption of telehealth. To address this challenge and further enhance development of telehealth services, Congress should establish a single, national license for telehealth providers.

Countries should not restrict the flow of data beyond their own borders. Doing so does not protect consumers or businesses in any meaningful way from the risk of inadvertent or voluntary disclosures.

Countries should not restrict the flow of data beyond their own borders. Doing so does not protect consumers or businesses in any meaningful way from the risk of inadvertent or voluntary disclosures.

The U.S. should help develop a "Geneva Convention on the Status of Data."

The United States should engage its trade partners in developing a “Geneva Convention on the Status of Data” that establishes international legal standards for government access to data.

Department of Energy needs to better link federally funded research to commercialization.

Reform national laboratory systems to better support clean energy innovation. In the United States the Department of Energy National Laboratory system needs to better link federally funded research to the market to accelerate commercialization.

Adopt a common definition for trade secrets.

Adopt a common definition for trade secrets: any information that has economic value (actual or potential), is not generally known to the public, and for which the trade secret owner has taken reasonable measures to keep private.

Congress should reorganize the U.S. Postal Service to open up all but “last mile” mail delivery to private competition and drastically reduce the size of the agency to meet the realities of the digital age.

Congress should reorganize the U.S. Postal Service to open up all but “last mile” mail delivery to private competition and drastically reduce the size of the agency to meet the realities of the digital age.

Congress should create a “name and shame” program to discourage legitimate companies from providing services to spammers and other cybercriminals.

Congress should create a “name and shame” program to discourage legitimate companies from providing services to spammers and other cybercriminals.

Congress should increase resources for enforcement actions against cybercriminals, especially those engaging in practices that facilitate spam or otherwise harm consumers and businesses.

Congress should increase resources for enforcement actions against cybercriminals, especially those engaging in practices that facilitate spam or otherwise harm consumers and businesses.
Syndicate content