NVCA Applauds Introduction of Bipartisan R&D Expensing Bill 

Washington, D.C. — National Venture Capital Association (NVCA) President & CEO Bobby Franklin released the following statement on the introduction of the American Innovation and Jobs Act, bipartisan legislation introduced by U.S. Senators Todd Young (R-IN) and Maggie Hassan (D-NH).  

“This bipartisan bill is a critical step toward incentivizing innovation, growing the economy, and strengthening American competitiveness. Current policy is harming young startups that allocate a substantial portion of their budgets to technology research critical to defense, healthcare, energy, AI, and blockchain—because many can’t reliably project revenues and expenses over a five-year period. Allowing companies to deduct R&D expenses in the same year they occur will strengthen American innovation and reinforce our position as a global leader in emerging technologies.” 

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The National Venture Capital Association (NVCA) empowers the next generation of American companies that will fuel the economy of tomorrow. As the voice of the U.S. venture capital and startup community, NVCA advocates for public policy that supports the American entrepreneurial ecosystem. Serving the venture community as the preeminent trade association, NVCA arms the venture community for success, serving as the leading resource for venture capital data, practical education, peer-led initiatives, and networking. For more information about NVCA, please visit www.nvca.org.