CEA Praises Introduction of Startup Act

"The Startup Act is just what we need to foster innovation and support entrepreneurialism."

Arlington, Va., January 16, 2015 - The following statement is attributable to Gary Shapiro, president and CEO, Consumer Electronics Association (CEA), in regard to the introduction of the Startup Act from Senators Jerry Moran (R-KS), Mark Warner (D-VA), Chris Coons (D-DE), Roy Blunt (R-MO), Tim Kaine (D-VA)and AmyKlobuchar(D-MN):


"American startups are responsible for strengthening our economy, driving significant job growth and bringing innovative new products to market. Congress needs to make sure that high-skilled labor shortages and outdated regulations don't hold back this essential sector.

"The Startup Act is just what we need to foster innovation and support entrepreneurialism. This bill will create new visas to allow immigrants who earn STEM degrees in the U.S. to stay here and found companies, or use their talents at American businesses and create domestic jobs. It will also improve startups' access to capital, and reduce burdensome and unnecessary rules that inhibit investment."

About CEA:
The Consumer Electronics Association (CEA) is the technology trade association representing the $223 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative and regulatory advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships. CEA also owns and produces the International CES - The Global Stage for Innovation. All profits from CES are reinvested into CEA's industry services. Find CEA online at CE.org, DeclareInnovation.com

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