View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
SEC RIN: 3235-AN33 Publication ID: Fall 2024 
Title: Qualifying Venture Capital Funds Inflation Adjustment 
Abstract:

The Commission adopted a rule that adjusts for inflation the dollar threshold used in defining a qualifying venture capital fund” under the Investment Company Act of 1940. The final rule also allows the Commission to adjust for inflation this threshold amount by order every five years and specifies how those adjustments would be determined. This rule implements the inflation adjustment requirements of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 relating to qualifying venture capital funds.

 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 17 CFR 270.3c-7   
Legal Authority: Pub. L. 115-174, sec. 504    15 U.S.C. 80a-3    15 U.S.C. 80a-37   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  02/21/2024  89 FR 12995   
NPRM Comment Period End  03/22/2024 
Final Action  08/30/2024  89 FR 70479   
Final Action Effective  09/30/2024 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: https://www.govinfo.gov/content/pkg/FR-2024-08-30/pdf/2024-19229.pdf  
RIN Data Printed in the FR: No 
Agency Contact:
Michael Khalil
Senior Counsel
Securities and Exchange Commission
100 F Street, NE,
Washington, DC 20549
Phone:202 551-6792
Email: khalilm@sec.gov