Senators Jerry Moran (R-KS) and Mark Warner (D-VA) reintroduced their Startup Act, bipartisan legislation intended to encourage job growth and the creation of new innovative businesses. In 2017, the senators last introduced this legislation, which would accelerate the commercialization of university research, review and improve the regulatory processes at the federal, state and local levels, and modernize an Economic Development Administration (EDA) program designed to promote innovation.
Together with Tech: NYC, a nonprofit that represents New York City tech companies and encourages innovation-friendly policies, Engine sent a joint letter to the senators Tuesday, applauding them for their commitment to this important legislation.
“By creating both an Entrepreneur and a STEM visa, this legislation will allow startup founders to stay in the U.S. and create the next great American company,” wrote Evan Engstrom, Executive Director of Engine, and Julie Samuels, executive director of Tech: NYC in the letter. “Technology startups are a vital and growing part of the American economy and the U.S. should take measures to ensure that technology companies continue to develop here.”