LATEST SENATOR HEITKAMP
Heitkamp, Heller and McHenry Bipartisan, Bicameral Bill to Promote Small Business & Startup Investments Passes Senate, House Committees
U.S. Senators Heidi Heitkamp (D-ND) and Dean Heller (R-NV) as well as Congressman Patrick McHenry (R-NC) today announced their bipartisan, bicameral bill to help encourage investments in small businesses and startups in smaller communities passed in key committees in both the U.S. Senate and U.S. House of Representatives – the final step before votes in the full Senate and House.
Today, the U.S. Senate Committee on Banking, Housing, & Urban Affairs – where Heitkamp and Heller both help lead subcommittees – and the U.S. House Financial Services Committee, both passed the members’ Supporting America’s Innovators Act – which they just introduced last week. Their bill would help eliminate unnecessary red tape which would then incentivize venture capital funds to invest in small businesses, startups, and entrepreneurs in rural states. As a result, the bill would help support economic growth in rural communities tackle the challenge too many smaller venture capitalists face when seeking to establish investment funds in areas outside of the coasts, where there are fewer high net worth individuals, like North Dakota and other rural communities across the country.
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