Amendment #4056 was sponsored by Sen. Kit Bond (R-MO) and ten other
Senators in a bi-partisan effort: Sen. Christopher Dodd (D-CT), Sen.
Mark Warner (D-VA), Sen. Scott Brown (R-MA), Sen. Maria Cantwell (D-WA),
Sen. Mark Begich (D-AK), Sen. Patty Murray (D-WA), Sen. Bob Corker
(R-TN), Sen. Jon Tester (D-MT), Sen. Sam Brownback (R-KS), Sen. Max
Baucus (D-MT), and Sen. Harry Reid (D-NV). You may be interested in two items related to the amendment: We thank all of you for your support
and contacts to the Senate. There are a large number of people and
organizations to thank. In particular, I want to thank: This list is not complete, so just note that
we appreciate the work and support of so many. We also recognize that
we angels need to continue our engagement on this issue in the political
and regulatory worlds to ensure the best possible environment for early
stage capital. The entrepreneurs that receive angel capital - and other
types of private equity - are critical for job growth and innovation in
our country. Best, Marianne Hudson
I'm pleased to let you know that the US
Senate approved the amendment to improve the Financial Reform bill last
night, May 17th. These amendments fix the language on Regulation D and
improve the language related to accredited investor standards, better
ensuring that entrepreneurs will more easily be able to raise angel
capital and more accredited investors can continue making the angel
investments they love to make.
Executive Director
Angel
Capital Association
