“innovation initiative,” Vote on Tuesday

WASHINGTON—House leaders said they have scheduled votes Tuesday on two more bills that are part of the GOP’s broader initiative aimed at reducing burdens on startups, spurring innovation and creating more U.S. jobs.

The two bills, tied to angel investing and equity crowdfunding, are among more than 20 pieces of legislation rolled out under an “innovation initiative,” announced in April.

A number of the bills in the innovation package, including one that would expand rural access to the internet, have already passed the House with bipartisan support, and both bills on Tuesday are expected to get backing from Republicans and Democrats.

The two bills were introduced by Chief Deputy Whip Patrick McHenry (R., N.C.), whose first bill proposes a number of changes to equity crowdfunding provisions in a 2012 law that aimed to jump-start entrepreneurship. While provisions of the law went into effect less than two months ago, after a long delay by the Securities and Exchange Commission, Mr. McHenry wants to make a number of changes that would loosen equity crowdfunding rules.

Read more on http://www.wsj.com/articles/house-leaders-to-vote-on-crowdfunding-angel-investing-1467331326

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