PPI Signs Letter Regarding New Business Preservation Act
The Progressive Policy Institute has joined a cohort of other organizations in urging the immediate passage of the New Business Preservation Act, which PPI and its co-signers believe is also essential to our nation’s ability to weather and recover from the economic damage inflicted by the coronavirus emergency.
The Act was introduced in the Senate (S. 3515) on March 18th by Senators Amy Klobuchar (D-MN), Chris Coons (D-DE), Tim Kaine (D-VA), and Angus King (I-ME), and was introduced in the House (H.R. 6403) on March 26th by Reps. Dean Phillips (D-MN), Terri Sewell (D-AL), Ro Khanna (D-CA), and Tim Ryan (D-OH). The legislation would create a new federal program to incentivize continued venture capital investment in America’s most innovative and promising young companies, or “startups.”