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Matsui venture capital bill (HR 420) endorsed by BIO in House testimony.

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Executive Summary

HR 420 VENTURE CAPITAL INCENTIVES SUPPORTED BY BIO in testimony delivered by Connective Therapeutics CEO Tom Wiggans during a March 19 hearing of the House Ways & Means Committee on the Clinton Administration's FY 1998 budget request. Wiggans endorsed House legislation (HR 420) introduced by Reps. Matsui (D-Calif.), English (R-Penn.) and McCrery (R-La.). The Matsui bill is a reprise of legislation introduced during the 104th Congress ("The Pink Sheet" June 26, 1995, T&G-3).

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