The House is now considering H.R. 4431, the Improving Capital Allocation for Newcomers (ICAN) Act, by @RepTimmons and @RepPettersen.

WATCH: @RepTimmons in support of H.R. 4431: “We have far too many regulations in the United States and this bill is about right-sizing our regulations in support of investments and jobs. This common sense bill will help more well-run company responsibly raise money in the public markets. It right-sizes regulatory burdens and frees up more resources for companies to invest in American jobs and in American innovation.” ⬇️📺

WATCH: @RepTimmons in support of H.R. 4431: “Today, nearly half of the United States venture funding goes into companies in California alone and more than 70% is concentrated in only four states. … an entrepreneur in Spartanburg, South Carolina deserves the same access to capital as an entrepreneur in Silicon Valley. This bill democratizes venture capital by enabling more Americans to invest in their own communities to drive innovation and create good paying jobs.” ⬇️📺

@RepTimmons @RepPettersen H.R. 4431, the Improving Capital Allocation for Newcomers (ICAN) Act, by @RepTimmons and @RepPettersen, passed by voice vote.