Qualifying Venture Capital Funds Inflation Adjustment
Abstract
The Securities and Exchange Commission ("Commission") is adopting a rule that adjusts 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 final rule also allows the Commission to adjust for inflation this threshold amount by order every five years and specifies how those adjustments will be determined. This rule implements the inflation adjustment requirements of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 ("EGRRCPA") relating to qualifying venture capital funds.
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 2024-19229 Federal Register document?
Document 2024-19229 is a Final Rule published by the Securities and Exchange Commission in the Federal Register on August 30, 2024, with an effective date of September 30, 2024. The Securities and Exchange Commission ("Commission") is adopting a rule that adjusts 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 final rule also allows the Commission to adjust for inflation this threshold amount by order every five years and specifies how those adjustments will be determined. This rule implements the inflation adjustment requirements of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 ("EGRRCPA") relating to qualifying venture capital funds. View the original at https://www.federalregister.gov/documents/2024/08/30/2024-19229/qualifying-venture-capital-funds-inflation-adjustment.
Is document 2024-19229 an economically significant rule?
No. Document 2024-19229 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.