NATIONAL VENTURE CAPITAL ASSOCIATION for NATIONAL VENTURE CAPITAL ASSOCIATION

Taxation/Internal Revenue Code TAX

S. 445, The Carried Interest Fairness Act of 2025; H.R. 1091, The Carried Interest Fairness Act; S. 695, The Small Business Investment Act of 2025; H.R. 1199, The Small Business Investment Act of 2025; S. 866, The American Innovation and Jobs Act of 2025; H.R. 1990, The American Innovation and R&D Competitiveness Act of 2025; H.R. 1, The One Big Beautiful Bill Act of 2025; Public Law No. 115-97 (The Tax Cuts and Jobs Act); Energy Tax Credits included in Public Law No. 117-169 (The Inflation Reduction Act).

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

Bills named: H.R. 1990 (119th), S. 866 (119th), H.R. 1091 (119th), S. 695 (119th), S. 445 (119th), H.R. 1 (119th), H.R. 1199 (119th)

Banking BAN

Regulation D and exempt offering framework; Emerging growth company and small cap company capital formation issues; Initial public offering and public company reporting issues; Venture Capital fund definition and private fund compliance issues; Blockchain regulatory and policy issues; Digital Asset Market Clarity (CLARITY) Act (H.R. 3633), GENIUS Act of 2025 (S.394), and STABLE Act of 2025 (H.R.2392); capital formation and JOBS Act modernization; Developing and Empowering our Aspiring Leaders (DEAL) Act; Improving Capital Allocation for Newcomers (ICAN) Act; Implementation of the Foreign Investment Risk Review Modernization Act; foreign outbound investment restrictions; FinCEN 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: Financial Crimes Enforcement Network (FinCEN); SENATE; Securities & Exchange Commission (SEC); Defense, Dept of (DOD); Treasury, Dept of; HOUSE OF REPRESENTATIVES

Bills named: H.R. 2392 (119th), H.R. 3633 (119th), S. 394 (119th)

Immigration IMM

Creation of a Startup Visa; International Entrepreneur Rule; H-1B Visas.

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

Energy/Nuclear ENG

Energy tax credits included in H.R.1, The One Big Beautiful Bill Act; Energy permitting reform; ARPA-E.

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

Bills named: H.R. 1 (119th)

Health Issues HCR

Drug pricing issues; CMS reimbursement including Medicare coverage of innovative technology; streamlining the FDA approval process, implementation of the Inflation Reduction Act (H.R.5376) Public Law No. 117-169; federal research funding, Advanced Research Project Agency- Health. AI in healthcare.

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

Bills named: H.R. 5376 (119th)

Copyright/Patent/Trademark CPT

Intellectual property issues that impact startups.

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

Science/Technology SCI

Basic research funding and technology commercialization issues; Artificial Intelligence policy issues, including implementation of the U.S. AI Action Plan; CREATE AI Act H.R.2385

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

Bills named: H.R. 2385 (119th)

Small Business SMB

SBIR/STTR reauthorization; implementation of the Inflation Reduction Act (H.R.5376) Public Law No. 117-169; the SBIC accrual debenture license for critical technology investment funds

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

Bills named: H.R. 5376 (119th)

Labor Issues/Antitrust/Workplace LBR

Antitrust and competition policy impacting startups; FTC rulemaking on Hart-Scott-Rodino premerger notification program; FTC-DOJ Merger Guidelines

Contacted: HOUSE OF REPRESENTATIVES; Natl Science Foundation (NSF); Commerce, Dept of (DOC); SENATE; Justice, Dept of (DOJ); Federal Trade Commission (FTC)

Trade (domestic/foreign) TRD

Monitor updated export control regulations.

Contacted: SENATE; HOUSE OF REPRESENTATIVES

Defense DEF

Issues related to streamlining procurement through the Department of Defense; issues related to private capital and procurement as it relates to the FY2026 National Defense Authorization Act (NDAA).

Contacted: Defense, Dept of (DOD); SENATE; HOUSE OF REPRESENTATIVES; White House Office

Agriculture AGR

Blockchain regulatory and policy issues; Digital Asset Market Clarity (CLARITY) Act (H.R. 3633), GENIUS Act of 2025 (S.394), and STABLE Act of 2025 (H.R.2392)

Contacted: SENATE; Commodity Futures Trading Commission (CFTC); HOUSE OF REPRESENTATIVES

Bills named: H.R. 2392 (119th), H.R. 3633 (119th), S. 394 (119th)