Public PolicyMonday, September 20, 2021 By: Pat Gouhin, Chief Executive Officer As new developments unfold regarding President Biden's proposed tax increases, the Angel Capital Association, in collaboration with our partners at GrayRobinson, pledges to keep our members updated with information as it becomes available. ACA, along with our Public Policy team, is working diligently to continue to protect our members and angels in the startup ecosystem. Thursday, September 02, 2021 By: Pat Gouhin, Chief Executive Officer After a tireless effort ultimately met with success, Louisiana angel investors are able to celebrate new opportunities for the early-stage ecosystem! On August 20, 2021, Louisiana Angel Investor Tax Credit program rule changes made by Louisiana Economic Development went into effect. This tax credit is now available for investments that are in the form of convertible or subordinate debt. The significant change enhances the availability of capital for Louisiana-based companies. Tuesday, November 17, 2020 By: Dror Futter, Legal and Business Adviser to Startups, Venture Capital Firms and Technology Companies The SEC announced a series of amendments (likely to be effective early next year) to the rules governing private offering exemptions – by far the most frequent path for venture fundraising. The amendments retain the same “menu” of exemptions but make incremental improvements. For the early stage community, the amendments include a very useful provision that excludes “Demo Days” from being considered general solicitations provided certain conditions are met. Tuesday, November 03, 2020 By: Pat Gouhin, Chief Executive Officer The Angel Capital Association’s continued advocacy toward harmonizing and simplifying the existing framework to improve capital raising pathways and expand investment opportunities has yielded successful results for U.S. investors. Thursday, August 27, 2020 By: Pat Gouhin, Chief Executive Officer After ACA’s multi-pronged, multi-year advocacy for amendment to the “accredited investor” definition, we are pleased to report we’ve met with success. The Securities and Exchange Commission announced yesterday that the definition of an “accredited investor” has preserved the existing income thresholds and has been expanded to provide more access to private equity by allowing investors to qualify based upon new criteria. Thursday, July 30, 2020 By: Chris McCannell, Senior Government Affairs Consultant at GrayRobinson GrayRobinson has created a side-by-side comparison of what is included in the Senate Republican introduced HEALS Act versus the House passed HEROES Act for easier understanding of what is included in each. Tags: Public Policy Thursday, May 21, 2020 By: Emily Angold, ACA Marketing Manager Late last week, the Securities and Exchange Commission announced the appointment of six new members to the Investor Advisory Committee. Christopher Mirabile, Launchpad Venture Group and ACA Chair Emeritus, was among the new members. Monday, April 06, 2020 By: Gwendolyn Jaramillo, Partner at Foley Hoag LLP and Anna Annino, Associate at Foley Hoag LLP Editor’s Note – ACA extends a huge thank you to ACA Gold Partner, Foley Hoag LLP for creating this timely article to educate the angel community on the recent changes related to the expansion of the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS). Thank you for your work on behalf of angels and the startup ecosystem! On February 13, 2020, the final regulations went into effect which implement the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) and expand the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS). The new rules will have a significant impact on the angel investing community, especially for investments in certain industries as described further below. Friday, April 03, 2020 By: Pat Gouhin, Chief Executive Officer The Paycheck Protection Program under the recently passed CARES Act provides forgivable loans for businesses with less than 500 employees, but included a huge hurdle for many startups, the Small Business Administration’s (SBA) “Affiliation Rules”. Friday, March 27, 2020 By: Pat Gouhin, Chief Executive Officer The U.S. House of Representative has just passed the historic $2.2 trillion dollar COVID-19 emergency relief bill, the Coronavirus Aid, Relief, and Economic Security (CARES) Act to speed recovery across the U.S. economy. These funds will be distributed to individuals, businesses and states in response to the coronavirus pandemic under H.R. 748. Tags: Public Policy |