# Holli Heiles Pandol

Holli Heiles Pandol is Carta’s Policy Counsel. Prior to Carta, Holli helped shape financial and capital markets policy on Capitol Hill as a senior advisor and Director of Intergovernmental and Legislative Affairs at the SEC under former Chairman Jay Clayton.

## Latest from Holli Heiles Pandol

### [Qualified small business stock (QSBS)](https://fund-forecasting@carta.com/learn/startups/tax-planning/qsbs/)

Educational Essentials  
February 2026  
Understand the qualified small business requirements and how to take advantage of QSBS tax treatment for eligible stock options.

### [Sections 3(c)(1) and 3(c)(7) of the Investment Company Act](https://fund-forecasting@carta.com/learn/private-funds/regulations/3c1-3c7/)

Policy  
April 2025  
Learn the key differences between the exemptions for private funds offered by Section 3(c)(1) and Section 3(c)(7) of the Investment Company Act.

### [How the Corporate Transparency Act impacts private funds](https://fund-forecasting@carta.com/learn/private-funds/regulations/corporate-transparency-act/)

Policy  
January 2025  
Many private funds and private fund advisers will be exempt from CTA reporting requirements. But some entities within a fund’s organizational structure may not be covered by an exemption, and are thus subject to BOI reporting requirements.

### [Carta Policy Insights: Decoding the Data](https://fund-forecasting@carta.com/policy/policy-insights-11-15-24/)

Policy  
November 2024  
From traditional startup hubs to emerging entrepreneurial ecosystems across the country, these ventures are fueling employment opportunities, reshaping the American economy, and leading to our competitive edge.

### [Policy Insights: Emerging VC fund managers](https://fund-forecasting@carta.com/policy/policy-insights-09-10-24/)

Policy  
September 2024  
Emerging managers are critical to expanding the innovation economy and driving U.S. competitiveness. Carta advocates for better policies to support them.

### [Qualifying venture capital fund parameters: Issue brief](https://fund-forecasting@carta.com/policy/issue-brief-qualifying-vc-fund/)

Issue Briefs  
September 2024  
To support innovation and job creation, Congress can modernize the criteria for qualifying venture capital funds to account for existing market conditions.