Steve Case: Congress Should Pass The Startup Act 2.0

A few weeks ago, a bipartisan group of Senators, along with our CEO Steve Case, introduced the Startup Act 2.0 to help improve the environment for entrepreneurship in the United States. With the U.S. of Representatives slated to introduce the legislation this week, Steve wrote an OpEd in TechCrunch urging Congress to move swiftly in order to reform our high-skilled immigration system, incentivize long-term investments in new startups, create a research and development credit to offset early taxes for entrepreneurs, and help Universities transfer cutting-edge ideas from campus to the marketplace. As Steve explains:

The strong headwinds of a high-stakes election season will not make passing the Startup Act 2.0 easy, but its introduction of in the Senate, and now the House, suggests positive momentum on the issue. That’s a good sign, because in the last three decades, new businesses less than five years old created nearly forty million American jobs – all the net new-jobs created during that time period. Big corporations and small businesses on main street support current levels of employment and contribute to the dynamism of the U.S. economy, but new job creation is driven primarily by new businesses starting up.

Read the entire OpEd at TechCrunch.