{"id":866,"date":"2012-04-17T14:41:07","date_gmt":"2012-04-17T18:41:07","guid":{"rendered":"\/?page_id=866"},"modified":"2021-02-18T13:27:53","modified_gmt":"2021-02-18T18:27:53","slug":"cdvca-advocacy","status":"publish","type":"page","link":"https:\/\/cdvca.org\/public-policy\/cdvca-advocacy\/","title":{"rendered":"CDVCA Advocacy"},"content":{"rendered":"<p>As the national voice for the community development venture capital industry, CDVCA works to increase public knowledge and understanding of the field.<\/p>\n<p><strong>CDVCA submitted comments to to the Department of Treasury and IRS\u00a0regarding the Proprietary Trading and Certain Interest in and Relationships with Covered Funds (Volcker Rule).<\/strong><\/p>\n<ul>\n<li>September 2017\u00a0<a href=\"https:\/\/wordpressmu-1250940-4486196.cloudwaysapps.com\/wp-content\/uploads\/2017\/10\/CDVCA_Comments-on-the-Volcker-Rule_Sep-2017.pdf\">comments<\/a>, submitted in response to\u00a0a <a href=\"https:\/\/wordpressmu-1250940-4486196.cloudwaysapps.com\/wp-content\/uploads\/2017\/10\/OCC-2017-0014-0001.pdf\">notice<\/a> in the Federal Register, dated August 7, 2017.<\/li>\n<\/ul>\n<p><strong>CDVCA submitted comments to the <strong>Department of Treasury<\/strong> regarding the Program Application of the CDFI Fund.<\/strong><\/p>\n<ul>\n<li>May 2012 <a href=\"\/wp-content\/uploads\/2012\/04\/CDFI-Fund-Comments-May-2012.1.pdf\">comments<\/a>, submitted in response to the <a href=\"http:\/\/www.cdfifund.gov\/docs\/2012\/cdfi\/A9RB2FE.pdf\">solicitation for public comments<\/a> on March 19, 2012.<\/li>\n<\/ul>\n<p><strong>Read about our work at the 2012 Annual Conference<\/strong> <a href=\"\/?page_id=718\">here<\/a>.<\/p>\n<p>CDVCA is a strong advocate for regulatory reform that would make the New Markets Tax Credit (NMTC) more usable for investments in operating businesses, particularly for growth capital equity investments in rapidly growing companies of the type commonly made by venture capital funds. While the NMTC was originally intended to serve this purpose, certain mechanical problems with the way in which the NMTC operates make it virtually impossible to use the credit for true venture capital investing.<\/p>\n<p><strong>CDVCA submitted three sets of comments, as well as in-person testimony to the Department of Treasury and IRS, as follows:<\/strong><\/p>\n<ul>\n<li>September 6, 2011 <a href=\"\/wp-content\/uploads\/2012\/04\/CDVCA-Response-to-Proposed-Rulemaking-September-6-FINAL.pdf\">comments<\/a>, submitted in response to <a href=\"\/wp-content\/uploads\/2012\/04\/reg-114206-11.pdf\">notice REG-114206-11<\/a> in the Federal Register.<\/li>\n<li>September 8, 2011 <a href=\"\/wp-content\/uploads\/2012\/04\/CDVCA-Comment-Reg-101826-11.pdf\">comments<\/a>, submitted in response to <a href=\"\/wp-content\/uploads\/2012\/04\/reg10182611.pdf\">notice REG-101826-11<\/a> in the Federal Register.<\/li>\n<li>In-person testimony given by CDVCA President, Kerwin Tesdell, on September 6, 2011 to attorneys at the Department of the Treasury and the Internal Revenue Service.<\/li>\n<li>February 6, 2012 <a href=\"\/wp-content\/uploads\/2012\/04\/NMTC-Comments-Feb_2012.pdf\">comments<\/a>, submitted in response to a <a href=\"\/wp-content\/uploads\/2012\/04\/noticenov7.pdf\">notice<\/a> in the Federal Register, dated November 7, 2011.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>As the national voice for the community development venture capital industry, CDVCA works to increase public knowledge and understanding of the field. CDVCA submitted comments to to the Department of Treasury and IRS\u00a0regarding the Proprietary Trading and Certain Interest in and Relationships with Covered Funds (Volcker Rule). September 2017\u00a0comments, submitted in response to\u00a0a notice in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":275,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/pages\/866"}],"collection":[{"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/comments?post=866"}],"version-history":[{"count":0,"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/pages\/866\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/pages\/275"}],"wp:attachment":[{"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/media?parent=866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}