Other Policy Initiatives
During and immediately following the recent recession, Congress has considered new tax breaks for equity investment in small businesses and changing the tax rates applicable to fund managers’ compensation. The President has signed into law a far-reaching overhaul of the way the financial system is regulated. And the Securities and Exchange Commission has promulgated new rules restricting campaign contributions by private fund advisors that manage state funds. CDVCA keeps its members informed on federal policy issues that have the potential to affect a CDVC fund’s operations.
â–¶President Obama signs the Jumpstart Our Business Startups (JOBS) Act (April 2012):
The JOBS Act makes it easier for small startups to raise capital, with its most notable feature being the allowance of crowdfunding.