Qualifying Venture Capital Funds Inflation Adjustment
Abstract
To implement the requirements of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 ("EGRRCPA"), the Securities and Exchange Commission ("Commission") is proposing a rule that would adjust for inflation the dollar threshold used in defining a "qualifying venture capital fund" under the Investment Company Act of 1940 ("Investment Company Act" or "Act"). The proposed rule also would allow the Commission to adjust for inflation this threshold amount by order every five years and specify how those adjustments would be determined.
Federal Register Source
This document is published by the Office of the Federal Register, National Archives and Records Administration. Access the full regulatory text, preamble, and docket comments below.
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Frequently Asked Questions
What is the 2024-03436 Federal Register document?
Document 2024-03436 is a Proposed Rule published by the Securities and Exchange Commission in the Federal Register on February 21, 2024. To implement the requirements of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 ("EGRRCPA"), the Securities and Exchange Commission ("Commission") is proposing a rule that would adjust for inflation the dollar threshold used in defining a "qualifying venture capital fund" under the Investment Company Act of 1940 ("Investment Company Act" or "Act"). The proposed rule also would allow the Commission to adjust for inflation this threshold amount by order every five years and specify how those adjustments would be determined. View the original at https://www.federalregister.gov/documents/2024/02/21/2024-03436/qualifying-venture-capital-funds-inflation-adjustment.
Is document 2024-03436 an economically significant rule?
No. Document 2024-03436 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.