Senate Bill 54

Technology

Last mentioned: Mar 3, 2026

Timeline

  1. First Annual Report Due

    Submission of the first comprehensive demographic report based on 2025 investment activity.

  2. Registration Deadline

    Covered entities must register with the DFPI via the VCC Registration Portal.

  3. Data Collection Begins

    Firms must begin tracking demographic data for all investments made throughout the 2025 calendar year.

Stories mentioning Senate Bill 54 1

regulation Neutral

California's VC Diversity Law: Compliance Deadlines and Strategic Impact

California is implementing the Fair Investment Practices by Venture Capital Companies Law (FIPVCC), requiring VC firms with a state nexus to report demographic data of portfolio founders. With registration due by March 1, 2026, and the first annual report by April 1, 2026, firms must urgently audit their data collection and privacy protocols.

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