NVCA Statement on Final Passage of Reconciliation Bill

WASHINGTON, DC – National Venture Capital Association (NVCA) President and CEO Bobby Franklin issued the following statement after the House of Representatives voted to pass the One Big Beautiful Bill Act, following yesterday’s Senate approval, sending the legislation to the President’s desk:  

“The One Big Beautiful Bill Act recognizes that high-risk, long-term investment drives innovation and American global competitiveness. For instance, by permanently restoring full and immediate expensing of research and development (R&D), this legislation now gives startups and investors the confidence to push deeper into AI, defense tech, life sciences, and countless other game-changing advances. We look forward to working with the administration to deliver its full impact.”

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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.