IVCA Feature: On Inauguration Day, Nine Online Articles on VC/PE/Business Potential Under a Joe Biden Administration

January 21, 2021

Inauguration Day in America is a shift of power … between one leadership philosophy to another, from one political party to another. After the turmoil of the pandemic year of 2020, and the subsequent presidential election circumstances, what does the financial press foresee about the Joe Biden administration in 2021 and beyond? The IVCA has collected nine articles from around the web.
NVCA.org, ‘National Venture Capital Association Outlines Key Policy Priorities in Letter to Joe Biden’
The NVCA weighs in: “On behalf of our nation’s Venture Capital (VC) investors and the entrepreneurs they support, I write to outline several ways we can work together to support your Build Back Better agenda, which in a number of areas will need the active participation of the startup community to be successful.” 
READ MORE: https://nvca.org/pressreleases/nvca-outlines-key-policy-priorities-in-letter-to-joe-biden/

CNBC.com, ‘Biden’s Presidency Could be a Game Changer for Impact Investing. Here’s What Experts are Watching’
In the past four years, preventing climate change and saving the environment have not been high priorities in the Oval Office. That is expected to change as of Jan. 20, when President-elect Joe Biden will be sworn in as the 46th president of the United States. That could be big news for investors who are already putting money into funds focused on companies that favor the environment.
READ MORE: https://www.cnbc.com/2020/12/08/heres-how-bidens-presidency-could-be-a-boost-for-impact-investing.html 
TheMiddleMarket.com, ‘How Might Private Equity Fare Under a Biden-Harris Administration?’
To find out, Mergers & Acquisitions asked Pam Hendrickson, the Riverside Co.’s COO and vice chairman, strategic initiatives, who serves as a member of the board of the American Investment Council and is a voice for the PE industry on public policy.
READ MORE: https://www.themiddlemarket.com/news/how-might-private-equity-fare-under-a-biden-harris-administration 
SPGlobal.com, ‘Biden's proposed tax plans could hit private equity in the pocket’
"Taxes are the primary topic of conversation" amongthe private equity industry following the election result, Brian Richards, chair of the Paul Hastings LLP global private equity practice, said in an interview. "I think the general mood is that people are concerned about the impact of tax policy."
READ MORE: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/biden-s-proposed-tax-plans-could-hit-private-equity-in-the-pocket-61503115 
NPR.org, ‘How Will Tech Policy Change In The Biden White House? Here's What You Need To Know’
"The era of permissionless innovation is over," said Darrell West, a senior fellow at the Brookings Institution who studies tech policy. "There's going to be more public engagement, more public oversight and public regulation of the technology sector."
READ MORE: https://www.npr.org/2020/11/09/931039648/how-will-tech-policy-change-in-the-biden-white-house-heres-what-you-need-to-know 
MiddleMarketGrowth.org, ‘House Financial Services Committee (HFSC) Recommends Biden Take Aim at Private Equity’
A leading lawmaker is recommending the incoming Biden administration reverse Trump-era deregulation, including steps to rein in private equity and other investment funds.
READ MORE: https://middlemarketgrowth.org/hfsc-recommends-biden-take-aim-at-private-equity/ 
Brookings.edu, PODCAST: ‘How can Biden fulfill his ‘Build Back Better’ agenda?’’
Jason Furman joins David Dollar to discuss how this crisis differs from the economic issues Biden faced in 2009, what should be prioritized in a short-term stimulus package and long-term reforms, and to what extent policymakers should worry about the federal debt when designing fiscal relief.
LISTEN HERE (20 Minutes): https://www.brookings.edu/podcast-episode/how-can-biden-fulfill-his-build-back-better-agenda/ 
Bloomberg.com, PODCAST: ‘What Will Bidenomics Actually Look Like?’
In Washington, personnel is policy. The people President-elect Joe Biden has picked to run economic policy can tell us a lot about what we might expect from the next administration. Bloomberg Businessweek Economics Editor Peter Coy introduces us to the key players and explains what Bidenomics could look like. 
LISTEN HERE (34 Minutes): https://www.bloomberg.com/news/articles/2020-12-03/pulling-back-the-curtain-on-the-era-of-bidenomics-podcast 
EY.com, ‘Six Key Public Policy Issues for the Biden Administration and Congress’
Following the inauguration, we expect the pace of change to be fast at the beginning with early activity in the form of presidential directives, executive orders and leadership turnover at most federal agencies, launching the Biden administration’s policy agenda.
READ HERE: https://www.ey.com/en_us/public-policy/six-key-public-policy-issues-for-the-biden-administration-and-congress