Sinema Bill to Cut Red Tape, Support Arizona Startups Passes House

January 10, 2017
Contact: Macey Matthews
Phone: 202-225-9888

Sinema Bill to Cut Red Tape, Support Arizona Startups Passes House

Washington, D.C. – Today, six days into the 115th Congress, the House of Representatives passed legislation introduced by Congresswoman Kyrsten Sinema (AZ-09) and Congressman Steve Chabot (OH-01) to reduce the regulatory burden on Arizona startups and small businesses.

“I’ve heard from Arizona innovators who work hard every day to turn their good ideas into successful small businesses,” said Sinema. “The HALOS Act is a bipartisan solution that provides a clear path for startup businesses to connect with angel investors and venture capitalists without the burden of unnecessary regulation and red tape. I’ll continue working with my colleagues on both sides of the aisle to support Arizona small businesses and help our economy thrive.

"Bringing life-saving and life-changing innovations to market is a long and complex process where investment plays a vital role,” stated Joan Koerber-Walker, president and CEO of the Arizona Bioindustry Association.  “We are deeply appreciative to Congresswoman Sinema and all of the members of the U.S. House of Representatives who came together to pass the  HALOS Act so that companies have the opportunity to focus more precious dollars on delivering innovations and less dollars on reporting  requirements that added no value to the innovation process.”

Sinema spoke about the HALOS Act today on the House floor:

The Helping Angels Lead Our Startups (HALOS) Act clarifies confusing regulations that prevent small businesses from participating in “demo days”, or business plan competitions, startup days, innovation summits, and other public forums. Demo days provide important opportunities for startups to share their business plans with angel investors, business experts, and other entrepreneurs who can help turn innovative ideas into reality and create good-paying jobs.