Angel investors make the dream of starting a company a reality, and they are fueling Atlanta’s startup economy. But the SEC is contemplating raising the income thresholds for accredited investors—a move that could crush emerging venture hubs like Atlanta.

Carta and a coalition of innovation and entrepreneurship organizations support the inclusion of H.R. 2767, the Small Business Investment Act, in a broader legislative tax relief and jobs package spearheaded by House Ways and Means Committee Chairman Jason Smith.

Startups are the engine of our economy—and the private markets are where they build and grow.

The DEAL Act would lift some of the restrictions that prevent venture capital fund advisers from investing in private assets obtained through fund-of-funds vehicles and secondary transactions.

Carta’s CEO Henry Ward will testify before Congress to support policy changes that favor entrepreneurs, investors, and employees in the private market.

Henry Ward testifies before the House Financial Services Committee on Wednesday, April 19 at 2 p.m. ET (11 a.m. PT).