In a joint statement, Bobby Franklin, president and CEO of the National Venture Capital Association, and Linda Moore, president and CEO of TechNet, a technology trade group, said the House GOP proposals for incentives to support medical research reflected "policies that fit the unique business model of high-growth startups."

Despite such statements of support from business advocates, the newly unveiled items in the House GOP plan could face an uphill fight in the coming bicameral talks as both parties seek to advance their own priorities.