Senate Bill 54

regulation

Last mentioned: Mar 3, 2026

Timeline

  1. First Annual Report Due

    Firms must submit their 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 Period 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 Implements Landmark Diversity Reporting for Venture Capital Firms

California’s Fair Investment Practices by Venture Capital Companies Law (FIPVCC) is entering its first active compliance phase, requiring firms to register and report founder demographic data. With deadlines starting in March 2026, the law applies to any venture firm with a California nexus, signaling a major shift toward regulatory transparency in private markets.

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