Final Rule

Qualifying Venture Capital Funds Inflation Adjustment

Public Comments

View Received Comments

Overview

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.

Prior Actions

Title
Qualifying Venture Capital Funds Inflation Adjustment
Overview

To implement the requirements of section 504 of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 (“EGRRCPA”), the Securities and Exchange Commission (“Commission”) is proposing a rule that would adjust for inflation the dollar threshold used in defining a “qualifying venture capital fund” under section 3(c)(1) of the Investment Company Act of 1940 (“Investment Company Act” or “Act”). The proposed rule also would allow the Commission to adjust for inflation this threshold amount by order every five years and specify how those adjustments would be determined.

Release Number
IC-35129
SEC Issue Date
Federal Register Publish Date

Resources

Proposed Rule: SEC Issued Version (pdf 157.14 KB)
Proposed Rule: Federal Register Version
Press Release
View Received Comments

Last Reviewed or Updated: May 15, 2025