March 8, 2024

Contact: Robin Ceppos

The National Venture Capital Association (NVCA) commends House Financial Services Chairman Patrick McHenry (R-NC) for his outstanding leadership and commitment in successfully passing HR 2799, the Expanding Access to Capital Act, which includes provisions in the NVCA-supported Developing and Empowering Our Aspiring Leader (DEAL) Act.

“The Expanding Access to Capital Act will be a catalyst for America’s economic growth by encouraging young companies to go and stay public, while also modernizing the definition of a venture capital fund, particularly in terms of capital formation and early-stage liquidity through the DEAL Act,” said NVCA President and CEO Bobby Franklin.