Washington D.C. - U.S. Sens. Cory Booker (D-NJ), Kirsten Gillibrand (D-NY), Patty Murray (D-WA), Chris Coons (D-DE), and Gary Peters (D-MI) today introduced the Scale-Up Manufacturing Investment Company (SUMIC) Act of 2015, legislation that increases access to capital for entrepreneurs looking to scale-up and commercialize their advanced manufacturing innovations.
Senator Booker Introduce Bill to Scale-Up Investments for Small Advanced Manufacturing Businesses8/9/2015
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Washington D.C. - U.S. workers and enterprises are falling behind in the global innovation, productivity, and competitiveness race, and Congress should enact a series of policies to reverse the trends, Stephen Ezell argued last week in remarks to the House Democratic Caucus. On an expert panel convened by Minority Whip Steny Hoyer (D-MD), Ezell's specific recommendations included reauthorizing the Export-Import Bank, investing in manufacturing innovation and education, spurring technology transfer and commercialization, and unlocking the economic potential of the Internet of Things. For the complete testimony: http://www2.itif.org/2015-ezell-make-it-in-america.pdf?mc_cid=2c758efc47&mc_eid=d9824ce838
Washington D.C. - Opposition to H.R. 9, the Innovation Act, has successfully removed the patent reform legislation from the House's pre-recess schedule. The collective voice of the life sciences community, including BioNJ and BIO, was raised in overwhelming opposition to the current version of the bill, which does not provide adequate reform to the IPR system of patent challenges at the U.S. Patent & Trademark Office (PTO).
Trenton, NJ – Legislation that would change New Jersey laws and regulations to help businesses take advantage of crowdfunding passed the Senate last Thursday. Specifically, S-712/A-2073 would provide exemptions from registration with the NJ Bureau of Securities for companies that want to offer intrastate crowdfunding investment opportunities. The total investment cannot exceed $1 million, and the investment from any single purchaser is capped at $5,000.
New Brunswick, NJ - The HealthCare Institute of New Jersey (HINJ) applauds the U.S. House of Representatives’ passage of the 21st Century Cures Act. This landmark legislation would accelerate the pace of discovering new, life-saving treatments and cures for some of the world’s most dreaded diseases. It is vitally important to New Jersey’s life sciences community, where much of this research and discovery takes place, and it is critical to patients around the world who will benefit from its impact.
Trenton, NJ - According to April Klimley in the New Jersey Business Magazine, "At last, drones are coming to New Jersey – legally. In April, the Federal Aviation Administration granted approval for Unmanned Sensing Systems LLC (US2), a fledgling company in Mt. Laurel, to operate commercial drones in all 50 states."
Montclair, NJ - NJ Spotlight today published an op-ed authored by Dean J. Paranicas, President and Chief Executive Officer of the HealthCare Institute of New Jersey (HINJ) on the subject of patent reform legislation currently pending before the U.S. House of Representatives.
Trenton, NJ - Governor Christie signed another balanced budget for FY16 that invests in education and higher education academic institutions.
Philadelphia, PA – The Biotechnology Industry Organization (BIO) released “Bioscience Economic Development in the States: Legislation and Job Creation Best Practices” today at the 2015 BIO International Convention. The Best Practices Guide is the bioscience industry’s leading comprehensive analysis of state legislative and regulatory initiatives in support of economic development.
Philadelphia, PA. – The Biotechnology Industry Organization (BIO) announced its selection of New Jersey State Assemblywoman Pamela Lampitt (6th District) as a state Legislator of the Year for 2015. Assemblywoman Lampitt is the prime sponsor of A-2477, which authorizes the prescription and dispensing of biosimilar products in New Jersey. Assemblywoman Lampitt received this honor during the 2015 BIO International Convention.
Washington D.C. – According to Babette Boliek of AEI, “ If you like lower taxes, using the Internet, and increased investment in broadband infrastructure, you’ll like what the House of Representatives just passed on Wednesday: an act that would permanently ban taxes on Internet access services. The Internet Tax Freedom Act (ITFA) bars state and local governments from placing taxes on Internet access and from imposing discriminatory Internet-only taxes, such as taxes on email services. In other words, this act prevents the list of access taxes you see on the bottom of your telephone bill from also being part of your Internet service provider’s bill.”
Trenton, NJ - According to Stan Higgins of Coindesk, "Two New Jersey legislators have introduced a Digital Currency Jobs Creation Act that calls for tax breaks for bitcoin businesses. The bill is being sponsored by State Assemblyman Raj Mukherji and State Assemblyman Gordon M Johnson."
Washington D.C. - The House of Representatives voted 274-145 earlier this week to permanently extend the federal tax credit for research and development. The bill -- opposed by President Obama -- would cost the government about $180 billion over the next decade.
Washington D.C. - According Andrew Kitchenman of NJ Spotlight, "The 21st Century Cures Act attracts bipartisan NJ sponsors Pallone and Lance, draws praise from researchers and industry. One of the goals of the bill is to foster “personalized medicine,” in which treatments are tailored to meet the individual genetic profile of a patient." "The importance of these industries to the state helps explain why two of the bipartisan bill’s leading House advocates are from New Jersey: U.S. Rep. Frank Pallone Jr. (D-6th), one of its four cosponsors, and U.S. Rep. Leonard Lance (R-7th)."
Washington D.C. - According to the Bergen Patch, "U.S. Sens. Cory Booker (D-NJ), and John Hoeven (R-ND), today introduced the Commercial UAS Modernization Act, legislation that sets interim operating guidelines for commercial unmanned aircraft systems (UAS), commonly known as drones, and creates a framework to promote American innovation in the rapidly growing field."
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