NATIONAL VENTURE CAPITAL ASSOCIATION for NATIONAL VENTURE CAPITAL ASSOCIATION

Taxation/Internal Revenue Code TAX

Capital gains tax policy, including carried interest; Qualified Small Business Stock; Stock options; Partnership tax policy; Tax assets issues including net operating loss carryforwards and R&D credit; American Innovation & Jobs Act S.866; American Innovation Act H.R.368; Climate and energy tax issues, including production and investment tax credits and Section 45Q; Implementation of the Inflation Reduction Act (H.R.5376) Public Law No. 117-169; Tax Cuts for Working Families Act H.R.3936; Small Business Jobs Act H.R.3937; Build It in America Act H.R.3938.

Contacted: Treasury, Dept of; SENATE; White House Office; Internal Revenue Service (IRS); HOUSE OF REPRESENTATIVES

Bills named: H.R. 5376 (118th), S. 866 (118th), H.R. 368 (118th), H.R. 3936 (118th), H.R. 3938 (118th), H.R. 3937 (118th)

Banking BAN

Engagement with SEC on regulatory proposals including Special Purpose Acquisition Companies, Shell Companies, and Projections proposal, Private Fund Advisers, Safeguarding Rule proposal, Documentation of Registered Investment Adviser Compliance Reviews proposal, issues around Regulation D, and Modernization of Beneficial Ownership Reporting proposal; Small capitalization company capital formation issues; Disclosure of material short positions; Issues related to improving research coverage for small companies; Implementation of the Foreign Investment Risk Review Modernization Act; Blockchain regulatory and policy issues including the Keep Innovation in America Act H.R.1414; JOBS Act 4.0; Developing and Empowering our Aspiring Leaders (DEAL) Act; Improving Capital Allocation for Newcomers (ICAN) Act; foreign outbound investment restrictions.

Contacted: Office of the Comptroller of the Currency (OCC); Defense, Dept of (DOD); Financial Crimes Enforcement Network (FinCEN); Treasury, Dept of; Commodity Futures Trading Commission (CFTC); Securities & Exchange Commission (SEC); HOUSE OF REPRESENTATIVES; Federal Reserve System; SENATE; White House Office

Bills named: H.R. 1414 (118th)

Immigration IMM

Let Immigrants Kickstart Employment Act H.R.4681; international entrepreneur rule.

Contacted: Homeland Security, Dept of (DHS); HOUSE OF REPRESENTATIVES; White House Office; SENATE

Bills named: H.R. 4681 (118th)

Telecommunications TEC

Antitrust and competition policy impacting startups; FTC proposed rulemaking regarding Hart-Scott-Rodino premerger notification program; FTC-DOJ Draft Merger Guidelines.

Contacted: HOUSE OF REPRESENTATIVES; Federal Communications Commission (FCC); White House Office; Commerce, Dept of (DOC); Federal Trade Commission (FTC); SENATE

Energy/Nuclear ENG

Climate and sustainability policy issues, including energy tax issues; ARPA-E; implementation issues around the Inflation Reduction Act (H.R.5376) Public Law No. 117-169 and the Infrastructure Investment and Jobs Act H.R.3684.

Contacted: SENATE; Energy, Dept of; Office of Science & Technology Policy (OSTP); White House Office; HOUSE OF REPRESENTATIVES

Bills named: H.R. 5376 (118th), H.R. 3684 (118th)

Health Issues HCR

Drug pricing issues; CMS reimbursement including Medicare coverage of innovative technology; Ensuring Patient Access to Critical Breakthrough Products Act H.R.1691; implementation of the Inflation Reduction Act (H.R.5376) Public Law No. 117-169; Advanced Research Project Agency- Health.

Contacted: SENATE; Health & Human Services, Dept of (HHS); White House Office; Food & Drug Administration (FDA); Centers For Medicare and Medicaid Services (CMS); HOUSE OF REPRESENTATIVES

Bills named: H.R. 1691 (118th), H.R. 5376 (118th)

Copyright/Patent/Trademark CPT

Intellectual property issues that impact startups; NIST Request for Information Regarding the Draft Interagency Guidance Framework for Considering the Exercise of March-In Rights

Contacted: HOUSE OF REPRESENTATIVES; Patent & Trademark Office (PTO); SENATE; White House Office; Natl Institute of Standards & Technology (NIST)

Science/Technology SCI

Basic research funding and technology commercialization issues; implementation of the Inflation Reduction Act (H.R.5376) Public Law No. 117-169; implementation of Infrastructure Investment and Jobs Act H.R.3684; implementation of CHIPS and Science Act H.R.4346 TIP Directorate and program appropriations.

Contacted: Commerce, Dept of (DOC); Office of Science & Technology Policy (OSTP); SENATE; Energy, Dept of; HOUSE OF REPRESENTATIVES; Small Business Administration (SBA); Natl Science Foundation (NSF)

Bills named: H.R. 3684 (118th), H.R. 5376 (118th), H.R. 4346 (118th)

Small Business SMB

SBIR/STTR programs; implementation of the Inflation Reduction Act (H.R.5376) Public Law No. 117-169; creation of an SBIC accrual debenture license for critical technology investment funds; 7(a) affiliation rulemaking.

Contacted: SENATE; White House Office; Small Business Administration (SBA); Defense, Dept of (DOD); HOUSE OF REPRESENTATIVES; Treasury, Dept of

Bills named: H.R. 5376 (118th)

Agriculture AGR

Inflation Reduction Act (H.R.5376) Public Law No. 117-169 implementation.

Contacted: SENATE; HOUSE OF REPRESENTATIVES; Agriculture, Dept of (USDA)

Bills named: H.R. 5376 (118th)

Homeland Security HOM

Implementation of Infrastructure Investment and Jobs Act H.R.3684.

Contacted: SENATE; HOUSE OF REPRESENTATIVES

Bills named: H.R. 3684 (118th)

Labor Issues/Antitrust/Workplace LBR

Issues related to diversity and inclusion in the venture capital workforce; issues related to workforce development and implementation of Inflation Reduction Act (H.R.5376) Public Law No. 117-169, the Infrastructure Investment and Jobs Act H.R.3684, and the CHIPS and Science Act H.R.4346.

Contacted: Commerce, Dept of (DOC); HOUSE OF REPRESENTATIVES; Natl Science Foundation (NSF); SENATE

Bills named: H.R. 4346 (118th), H.R. 5376 (118th), H.R. 3684 (118th)

Trade (domestic/foreign) TRD

Monitor updated export control regulations.

Contacted: HOUSE OF REPRESENTATIVES; SENATE