NVCA Statement on House Passage of Bills to Expand Capital Access for Emerging Managers

WASHINGTON, DC – National Venture Capital Association (NVCA) President and CEO Bobby Franklin issued the following statement after the House voted to pass the Developing and Empowering our Aspiring Leaders (DEAL) Act and the Improving Capital Allocation for Newcomers (ICAN) Act.  

“House passage of both the DEAL Act and the ICAN Act is a major win for America’s entrepreneurs and the investors who fuel their growth,” said NVCA President and CEO Bobby Franklin. “Together, these bipartisan bills modernize outdated rules, expand capital access for emerging fund managers, and help ensure that high-growth startups can launch and scale in every region of the country. The venture industry thanks Representatives Wagner, Casten, Timmons, and Pettersen, together with Chairman Hill and Ranking Member Waters for their leadership in recognizing that unlocking more early-stage capital means more innovation, more jobs, and a more competitive American economy.” 

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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.