BIO-backed INVEST Act passes House
New US legislation, backed by trade group Biotechnology Innovation Organization (BIO), to free up capital for small innovative firms by removing regulatory barriers for both companies and investors passed the House of Representative on December 11.
The legislation, The Incentivizing New Ventures and Economic Strength Through Capital Formation (INVEST) Act contains several amendments combining reforms from previous bills that the BIO has supported.
The BIO explained that, by reducing regulations for firms seeking capital from sources like angel investors, crowdfunding, and IPOs; allowing more investors to enjoy certification or join VC funds; and easing reporting requirements.
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