1. Short title This Act may be cited as the Study of Underrepresented Classes Chasing Engineering and Science Success Act of 2018 or the SUCCESS Act . 2. Findings; sense of congress (a) Findings Congress finds the following: (1) Patents and other forms of intellectual property are important engines of innovation, invention, and economic growth. (2) Many innovative small businesses, which create over 20 percent of the total number of new jobs created in the United States each year, depend on patent protections to commercialize new technologies. (3) Universities and their industry partners also rely on patent protections to transfer innovative new technologies from the laboratory or classroom to commercial use. (4) Recent studies have shown that there is a significant gap in the number of patents applied for and obtained by women and minorities. (b) Sense of congress It is the sense of Congress that the United States has the responsibility to work with the private sector to close the gap in the number of patents applied for and obtained by women and minorities to harness the maximum innovative potential and continue to promote United States leadership in the global economy. 3. Report (a) Study The Director, in consultation with the Administrator and any other head of an appropriate agency, shall conduct a study that— (1) identifies publicly available data on the number of patents annually applied for and obtained by, and the benefits of increasing the number of patents applied for and obtained by women, minorities, and veterans and small businesses owned by women, minorities, and veterans; and (2) provides legislative recommendations for how to— (A) promote the participation of women, minorities, and veterans in entrepreneurship activities