Really pleased to see that the Wisconsin LGBT Chamber of Commerce and the Greater Madison Chamber of Commerce are adocating for equality for same-sex couples in angel investing.
Kudos to Zach Brandon for his work on this. I got to know Zach from serving on a panel with him at the ACA Annual Summit a year or two ago. He is a leader in the angel community and it will be people like Zach, stepping up, that will eventually change consciousness on this issue. Right now, it's a sleeper. Few want to talk about it, but, the perverse reality is, the SEC rules for angel investing treat same-sex couples as second class.
Here's the rule change that the Wisconsin LGBT Chamber of Commerce and the Greater Madison Chamber of Commerce advocate, as does Startupequality.org:
A spouse of a natural person shall mean another person, regardless of gender or sexual orientation, whose relationship with the person specified: (1) may be characterized as such person's (i) husband, (ii) wife, (iii) spouse, (iv) domestic partner, or (v) designated beneficiary under any applicable state law for the purpose of ensuring that each person in a two-person relationship has certain rights or financial protections based upon such designation; or (2) is that of the other party to a civil union with such person.