FOR IMMEDIATE RELEASE
March 8, 2024

Contact: Robin Ceppos
Email: rceppos@nvca.org

WASHINGTON, D.C. – 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.

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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.