Moran and colleagues reintroduce legislation to bolster U.S. entrepreneurship
ELLY GRIMM
• Leader & Times
Entrepreneurs go through a lot of work even before officially opening their business’s doors and recently, some legislation was reintroduced to help make some parts of the process easier.
Thursday, U.S. Senators Jerry Moran (R-Kan.), Mark Warner (D-Va.), Tim Scott (R-S.C.) and Ruben Gallego (D-Ariz.) reintroduced the bipartisan Expanding American Entrepreneurship Act, which would increase the permitted size of angel funds to allow for a higher number of investors in start-up companies.
“By allowing more individual investors per angel fund and raising the fund’s cap, more investors will be able to invest at a lower rate,” a release from Moran’s office noted. “This will allow new investors who have less access to capital to invest in start-ups, expanding the funding base for early-stage startups.”


