Contact:

Ben Veghte
NVCA
202.864.5923
bveghte@nvca.org


FOR IMMEDIATE RELEASE:

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement after the Senate passed the conference report to the Trade Facilitation and Trade Enforcement Act, which includes language to make permanent the Internet Tax Freedom Act (ITFA).

“We applaud lawmakers from both parties and both chambers for taking this important step to resolve once and for all the question of whether access to the Internet can be taxed.  Today’s vote is a win for consumers and startup entrepreneurs across the country who rely on affordable access to the Internet to build the next great American company,” said Bobby Franklin, President and CEO of NVCA.  “Senators Thune and Wyden as well as Representatives Goodlatte and Eshoo have shown tremendous leadership on this issue, never letting off the gas in their pursuit of this commonsense reform measure.  On behalf of the venture community and the entrepreneurs they support, we thank them for their efforts and look forward to collaborating in the future on other priorities to strengthen the entrepreneurial ecosystem.”


About National Venture Capital Association

Venture capitalists are committed to funding America’s most innovative entrepreneurs, working closely with them to transform breakthrough ideas into emerging growth companies that drive U.S. job creation and economic growth. As the voice of the U.S. venture capital community, the National Venture Capital Association (NVCA) empowers its members and the entrepreneurs they fund by advocating for policies that encourage innovation and reward long-term investment. As the venture community’s preeminent trade association, the NVCA serves as the definitive resource for venture capital data and unites its over 300 member firms through a full range of professional services. For more information about the NVCA, please visit www.nvca.org.