Biotechnology Industry Organization (BIO) Praises House Of Representatives For Passing The Promoting Job Creation And Reducing Small Business Burdens Act

WASHINGTON--(BUSINESS WIRE)--Today, the Biotechnology Industry Organization (BIO) lauds the House of Representatives for passing H.R. 5405, the Promoting Job Creation and Reducing Small Business Burdens Act. This package of bills, sponsored by Rep. Mike Fitzpatrick (R-PA), will support capital formation and reduce regulatory burdens for emerging biotech companies.

H.R. 5405 is an important follow-up to the Jumpstart Our Business Startups (JOBS) Act, which has stimulated over 110 IPOs in the biotechnology industry alone. BIO supports two key pieces of legislation included within the package:

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