NATIONAL VENTURE CAPITAL ASSOCIATION for NATIONAL VENTURE CAPITAL ASSOCIATION

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

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

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

Bills named: H.R. 3936 (118th), H.R. 3938 (118th), S. 866 (118th), H.R. 368 (118th), H.R. 5376 (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; FinCEN proposed rule on Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers.

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

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

Immigration IMM

Creation of a Startup Visa; International Entrepreneur Rule.

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

Telecommunications TEC

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

Contacted: Federal Trade Commission (FTC); White House Office; Federal Communications Commission (FCC); HOUSE OF REPRESENTATIVES; Commerce, Dept of (DOC); 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; Office of Science & Technology Policy (OSTP); Energy, Dept of; HOUSE OF REPRESENTATIVES; White House Office

Bills named: H.R. 5376 (118th), H.R. 3684 (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: SENATE; White House Office; Patent & Trademark Office (PTO); Natl Institute of Standards & Technology (NIST); HOUSE OF REPRESENTATIVES

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

Bills named: H.R. 5376 (118th), H.R. 3684 (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: Defense, Dept of (DOD); White House Office; Small Business Administration (SBA); SENATE; Treasury, Dept of; HOUSE OF REPRESENTATIVES

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

Agriculture AGR

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

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

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

Homeland Security HOM

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

Contacted: HOUSE OF REPRESENTATIVES; SENATE

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); Natl Science Foundation (NSF); SENATE; HOUSE OF REPRESENTATIVES

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

Trade (domestic/foreign) TRD

Monitor updated export control regulations.

Contacted: SENATE; HOUSE OF REPRESENTATIVES