Tax & Trade

Startup News Digest 03/08/24

Startup News Digest 03/08/24

House passes package expanding capital access for startups


42 startups and support organizations sign letter supporting strong digital trade policy

 42 startups and support organizations sign letter supporting strong digital trade policy

A coalition of 42 U.S. startups, investors, and startup support organizations across 18 states sent a letter urging U.S. trade policymakers to support the growth and competitiveness of the startup ecosystem through smart digital trade policy. The letter calls on policymakers to support policies enabling cross-border data flows, making permanent the moratorium on the imposition of customs duties on electronic transmissions, and providing resources to help startups compete abroad. 

Startup News Digest 2/02/24

Startup News Digest 2/02/24

Startup policy priorities for 2024 and how to get involved


Startup News Digest 1/26/24

Startup News Digest 1/26/24

Pilot program launched to support AI research, innovation.


Startup News Digest 1/19/24

Startup News Digest 1/19/24

Tax package could support families and boost startup innovation


Startup News Digest 12/15/23

Startup News Digest 12/15/23

Tens of thousands weigh in on net neutrality rulemaking 

Startup News Digest 08/18/23

Startup News Digest 08/18/23

Congressional Startup Day brings together lawmakers and their startup constituents.

Startup News Digest 08/04/23

Startup News Digest 08/04/23

The Big Story: Bipartisan legislation to build AI resource for startups, researchers. A recently introduced bill would create government AI resources for startups and bolster needed talent in the field. The bipartisan bill—the Creating Resources for Every American To Experiment with Artificial Intelligence Act of 2023 (CREATE AI Act)—formally establishes the National Artificial Intelligence Research Resource (NAIRR) which will provide compute, datasets, and educational resources for startups, students, and academics. The legislation comes amid rapid growth of AI technology and will improve the competitiveness of U.S. startups.

Startup News Digest 04/07/23

Startup News Digest 04/07/23

The Big Story: States continue adding to tech regulatory landscape risking additional burdens for startups. State legislative sessions are in high gear this spring, advancing tech legislation and threatening to grow a patchwork of varying rules startups must navigate as they grow. This week, for example, the Washington Senate passed a bill governing health information and other personal data. Their effort joins several other states putting forward proposals aimed at privacy and data security, online safety, and content moderation—that each will have noticeable ripple effects for startups. 

Startup News Digest 03/31/23

Startup News Digest 03/31/23

The Big Story: R&D tax credit changes create tax bill for startups. Startups and other companies are facing higher taxes this year after a provision from a 2017 tax law went into effect recently. The law, the Tax Cuts and Jobs Act (TCJA), triggers a change to how the research and development (R&D) tax credit operates. Unless policymakers step in, startups and small businesses will have to weather the blow to their cash flow and may consider limiting future R&D costs. This could ultimately result in an overall reduction in innovation in the U.S., slowed economic growth, and decreased ability for our innovation ecosystem to compete with other countries. 

Startup News Digest 03/24/23

Startup News Digest 03/24/23

The Big Story: New research shows state privacy patchwork costs startups hundreds of thousands. Startups spend hundreds of thousands of their limited resources on privacy compliance, much of which goes to duplicative activities that don't further users' privacy, according to a report Engine is releasing today. The report, Privacy Patchwork Problem, chronicles the steps startups are taking to protect the data of their users and enumerates the costs, burdens, and barriers startups encounter—which reach into the hundreds of thousands of dollars. It underscores the need to give for a federal privacy framework that creates uniformity, promotes clarity, and accounts for the resources of startups, while creating consistent rights for their users located in every state across the country. 

Startup News Digest 02/10/23

Startup News Digest 02/10/23

The Big Story: Hearings cast spotlight on capital access obstacles. Lawmakers heard from entrepreneurs and investors this week as they examined key issues impacting startups’ ability to access capital. The House Financial Services subcommittee held two hearings covering multiple legislative proposals, including efforts to expand the pool of accredited investors and changes to the structure of certain investment funds. Those changes, if enacted, would bring much needed diversity to the startup ecosystem’s investor pool and boost funding opportunities for underrepresented entrepreneurs.