“Chairman Pai’s Restoring Internet Freedom Order offers freedom only to Big Telecom. For companies that do business on the Internet, this change in regulation will bring increased uncertainty in their ability to access their users as they have under the current rules.
The Big Story: Tax bill sheds bad stock options provision. After a massive backlash from 600 startups, innovators, and investors, the Senate has dropped from its sweeping tax reform proposal a measure that would have taxed employees’ stock options when they’re vested instead of when they’re exercised.
After more than 600 startups, investors, and innovators from across the country wrote to lawmakers this week, warning about the devastating consequences of a proposed tax change that could hurt small companies competing for talent, Engine applauds the Senate Committee on Finance for recent modifications to the Senate Tax Plan.
The Big Story: Senate panel approves SESTA. This week, the Senate Commerce Committee approved with little debate the Stop Enabling Sex Traffickers Act, a bill ostensibly written to combat online sex trafficking that could have grave consequences for user-generated content online and the platforms that host that content.
The Big Story: Senate moves on SESTA. The Senate Commerce Committee will consider legislation next week that would change protections for Internet platforms that host users’ content.
The Big Story: 702 Moves on the Hill. Congress began the process of reauthorizing Section 702 of the Foreign Intelligence Surveillance Act, a controversial spying authority that the U.S. government says justifies the sweeping collection of online communications.
"Engine is proud to support the Support Our Startups Act, a bill that would reduce tax burdens on entrepreneurs in their first year of business. The bill from Sen. Tammy Baldwin (D-Wisc.) would help startups hit the ground running by increasing they amount they can write off as federal tax deductions in their first year.