Senator Hirono (D-HI) gets it

Earlier this month, Senator Mazie K. Hirono (D-HI) introduced S.1262: The Small Business Start-up Savings Accounts Act of 2015. The bill would allow entrepreneurs to establish a business savings account similar to an individual retirement account to pay for start-up expenses. Qualified distributions explicitly include “purchase of equipment or facilities, marketing, training, incorporation, and accounting fees.” In other words, the intangible investments needed to start and grow a business.
This is one of the few pieces of legislation that explicitly includes such intangibles. Senator Hirono clearly gets it.
(See also her press release)

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