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Reporting Requirements Covered Entities Venture Capital

BCLP

California Amends Its Sweeping Venture Capital Demographic Reporting Rule

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Last year, as we previously reported, California Governor Newsom signed into law Senate Bill 54, Fair Investment Practices by Investment Advisers, which requires “covered entities,” defined as a “venture capital company” that...more

Morrison & Foerster LLP

What's Changed in California's Diversity Reporting Law

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On June 29, 2024, California Governor Gavin Newsom signed into law S.B. 164 (the “Diversity Reporting Law”), amending the previous version of the law that was adopted in 2023, S.B. 54. Please visit the following link for our...more

Perkins Coie

SB 54 Increases Transparency in California’s Venture Capital Industry

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California Governor Gavin Newsom signed Senate Bill 54 (SB 54) into law on October 8, 2023, to take effect March 1, 2025, for all investments made during calendar year 2024. The law will require “covered entities” to report...more

Morrison & Foerster LLP

Key Highlights from California’s New Diversity Reporting Law

Morrison & Foerster LLP on

On October 8, 2023, California Governor Gavin Newsom signed into law Senate Bill 54[1] (the “Diversity Reporting Law”). The Diversity Reporting Law is intentionally broad in its scope and is intended to help highlight and...more

Cooley LLP

California Adopts New Law Requiring VC Companies to Collect Diversity Data From Portfolio Company Founders

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California’s governor recently signed into law SB 54, a bill intended to increase transparency regarding diversity of founding teams in the venture capital (VC) industry. The new law will require VC companies, including...more

Pillsbury Winthrop Shaw Pittman LLP

California Bill Designed to Support Underrepresented Entrepreneurs Signed into Law

The bill requires certain venture capital companies to report demographic information about the founding team members of businesses in which they invested in the prior year. A “covered entity” must gather certain...more

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