FiscalNote

FiscalNote revolutionized policy tracking through groundbreaking AI technology, expanding from a Silicon Valley motel room to power global government affairs. This comprehensive overview examines the company's innovative platform, diverse product suite, technological advancements, and commitment to corporate sustainability, highlighting its impact on government relations, grassroots advocacy, and policy analysis across multiple sectors.

Company History and Founding

FiscalNote was founded in 2013 by Tim Hwang, Gerald Yao, and Jonathan Chen. Working out of a Motel 6 in Silicon Valley during that summer, the team developed the company's innovative policy tracking technology.

The fledgling startup quickly attracted significant investment, securing backing from tech luminaries Mark Cuban and Jerry Yang, along with New Enterprise Associates (NEA). This financial support allowed the company to develop its groundbreaking policy tracking platform and expand its operations.

From its humble beginnings in a motel room, FiscalNote has grown to serve thousands of global clients, ranging from small nonprofits to Fortune 100 companies. The company's technology powers multiple government sectors, including government relations, grassroots advocacy, and public and external affairs.

The company's platform, PolicyNote, combines AI capabilities with trusted policy data access to help users track and shape legislation. Its features include curated alerts, stakeholder database connections, in-depth reporting capabilities, and AI-assisted search functionality. PolicyNote helps busy government affairs professionals navigate complex policy changes with greater efficiency.

Product Range and Services

FiscalNote's technology platform delivers comprehensive government intelligence through four primary products: PolicyNote, CQ Federal, PolicyNote+, and VoterVoice.

Legislative Tracking: PolicyNote

PolicyNote serves as FiscalNote's AI-powered legislative tracking solution, enabling users to efficiently monitor U.S. state, federal, and global policy developments. The platform integrates sophisticated AI technology to process policy information and generate meaningful insights for government affairs professionals. Key features include:

• Trained AI capabilities that interpret legislative language

• Curated alerts to notify users of relevant policy changes

• Direct access to trusted policy data across multiple jurisdictions

• Comprehensive stakeholder database connections

• In-depth reporting capabilities, including customizable dashboards

• AI-assisted search functionality for quick bill evaluation

• Automated bill summarization to streamline relevance assessment

Federal Bill Tracking: CQ Federal

CQ Federal specializes in nonpartisan analysis of major legislation before Congress, providing context and informed perspectives on pending policy changes. This product combines:

• Current news coverage and analysis from CQ News & Analysis

• Access to official congressional source documents

• Integrated bill tracking for all major legislation

• Customizable dashboard views tailored to user needs

Custom Analysis: PolicyNote+

For clients requiring more in-depth insights, PolicyNote+ offers specialized access to award-winning professional services. This advanced offering includes:

• Deeper data analysis and dataset access

• Enhanced reporting capabilities beyond basic functionality

• Dedicated support from FiscalNote's expert team

Advocacy: VoterVoice

VoterVoice focuses on grassroots advocacy, helping organizations engage with lawmakers and build public support for their initiatives. The product enables users to:

• Track and participate in legislative proceedings

• Educate lawmakers about key issues

• Mobilize public opinion on critical legislation

• Monitor policy trends and their impact

The company's technology suite supports multiple government sectors, including government relations, grassroots advocacy, government agencies, congressional offices, public and external affairs, and legal compliance executives. Through its diverse product offerings and advanced technological capabilities, FiscalNote has established itself as a leading provider of policy tracking and analysis solutions in the global market.

Technology and Features

AI plays a central role in PolicyNote's functionality, where "AI that speaks policy" processes legislative language and identifies meaningful information. The platform combines this natural language processing with sophisticated data access to deliver insights on federal, state, and global policy changes.

The system generates curated alerts to keep users informed about relevant developments, while its stakeholder database connections allow for direct communication with legislators and staffers. In-depth reporting capabilities enable users to create comprehensive analyses of policy trends, supported by customizable dashboard views that present information in ways best suited to individual needs.

AI-assisted features further enhance the user experience by helping with tasks like bill searching and summarization. When a new piece of legislation appears, PolicyNote automatically generates a summary to help users quickly determine its relevance. This combination of AI-driven capabilities and curated human expertise positions FiscalNote's platform as a powerful tool for government affairs professionals navigating the complexities of modern policy-making.

Clientbase and Impact

FiscalNote's client base spans multiple sectors, including government relations, grassroots advocacy, government agencies, congressional offices, public and external affairs, and legal compliance executives. The company serves over thousands of clients globally, ranging from small nonprofits to Fortune 100 companies, demonstrating its scalability across different organizational sizes and types.

The company's technology platform enables clients to track and shape policy through multiple channels. Government affairs professionals use the PolicyNote platform's AI-powered capabilities to monitor legislative changes across U.S. state, federal, and global jurisdictions. The platform combines natural language processing with trusted policy data access to provide comprehensive tracking without complexity.

For clients requiring deeper insights, FiscalNote offers the PolicyNote+ service, which provides advanced data analysis and dataset access through its award-winning professional services team. This offering enables users to conduct more sophisticated research and generate detailed reports on policy trends.

The company's grassroots advocacy tool, VoterVoice, helps organizations engage with lawmakers and build public support for their initiatives. This product enables advocates to track legislative proceedings, educate lawmakers about key issues, mobilize public opinion, and monitor policy trends and their impacts. Through these diverse offerings, FiscalNote supports multiple government sectors in their policy tracking and analysis needs.

In addition to its commercial impact, FiscalNote demonstrates a commitment to corporate sustainability and social impact. The company published its second annual corporate sustainability overview for fiscal year 2022, highlighting its efforts to address global issues through roundtables, private events, research reports, and other initiatives. These efforts align with the company's guiding principle of providing transparency into policy, people, and geopolitics shaping the world.

Corporate Sustainability and Social Impact

The company publishes an annual corporate sustainability overview to track its progress and demonstrate its commitment to environmental, social, and governance (ESG) principles. FiscalNote convenes leaders from across industries and continents through roundtables, private events, research reports, and other initiatives to network, collaborate, and address global challenges.

FiscalNote's roundtable events bring together leaders from government, business, and civil society to discuss pressing policy issues and potential solutions. These gatherings provide a platform for cross-sector collaboration and knowledge sharing on topics like policy transparency, stakeholder engagement, and global governance.

The company's second annual corporate sustainability overview highlights its efforts through various initiatives. FiscalNote publishes research reports analyzing critical policy trends and their implications for businesses and governments worldwide. These reports provide actionable insights and help stakeholders understand the complexities of global policy developments.

The company also engages in private events that bring together key stakeholders from government, business, and civil society. These gatherings facilitate discussions on emerging policy issues and the role of technology in supporting transparency and informed decision-making. FiscalNote uses these events to network with influential leaders and build partnerships that can drive positive change on a global scale.