Category Public Policy

US Labor Department Releases New Guidance Note on Economically Targeted Investments for Pension Funds

On October 22, 2015, the U.S. Department of Labor (DOL) issued Interpretive Bulletin 2015-01 ("IB 15-01"), which provides clarification on the conditions under which a fiduciary of a plan that is subject to the fiduciary standards of the Employee Retirement Income Security Act of 1974 ("ERISA") may invest plan assets in economically targeted investments ("ETIs"). Put simply, the conditions required for ERISA pension funds to able to invest in ETIs.

FY 16 CDFI Appropriations Update

The pace has begun to pick up on Fiscal Year (FY) 2016 Appropriations. On April 22nd, the House Appropriations Committee approved the 302 (b) allocations for the 12 appropriations subcommittees. For the Financial Services Subcommittee, the total available is $20.25 billion,…

CDVCA endorsement of SSBCI bill

CDVCA supports the ‘Small Business Access to Capital Act of 2014’ bill for its potential to stimulate job creation across the states by making available much needed capital to small businesses and leveraging private capital. CDVCA from its  experience managing…