NVCA Praises Senate Introduction of Bipartisan DEAL Act 

WASHINGTON, DC – National Venture Capital Association (NVCA) President and CEO Bobby Franklin issued the following statement after U.S. Senators Mike Rounds (R-SD) and Raphael Warnock (D-GA) introduced the Developing and Empowering Our Aspiring Leaders (DEAL) Act:  

“The DEAL Act is an important step towards ensuring that the next generation of high-growth American companies can start and scale in every corner of the country—not just in traditional tech hubs,” said NVCA President and CEO Bobby Franklin. “By modernizing an outdated regulatory definition, this bill makes it easier for capital to reach entrepreneurs in South Dakota, Georgia, and other regions that have the talent and drive but too often lack early investment. After an overwhelming bipartisan vote in the House, we’re grateful to see Senators Rounds and Warnock carry this momentum into the Senate. Their leadership reflects a clear understanding that unlocking more early-stage capital means more local jobs, stronger regional economies, and a more competitive America.” 

The DEAL Act advanced out of the U.S. House of Representatives by voice vote Monday evening.  

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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.