# 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.

Holli Heiles Pandol is Carta’s Policy Counsel. Prior to Carta, Holli helped shape financial and capital markets policy...

## Latest from Holli Heiles Pandol

### Educational Essentials
**February 2026**  
**Qualified small business stock (QSBS)**  
Understand the qualified small business requirements and how to take advantage of QSBS tax treatment for eligible stock options.  
[View](/content/learn/startups/tax-planning/qsbs/index.html)

### Policy
**April 2025**  
**Sections 3(c)(1) and 3(c)(7) of the Investment Company Act**  
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.  
[View](/content/learn/private-funds/regulations/3c1-3c7/index.html)

### Policy
**January 2025**  
**How the Corporate Transparency Act impacts private funds**  
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  
[View](/content/learn/private-funds/regulations/corporate-transparency-act/index.html)

### Policy
**November 2024**  
**Carta Policy Insights: Decoding the Data**  
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.  
[View](/content/policy/policy-insights-11-15-24/index.html)

### Policy
**September 2024**  
**Policy Insights: Emerging VC fund managers**  
Emerging managers are critical to expanding the innovation economy and driving U.S. competitiveness. Carta advocates for better policies to support them.  
[View](/content/policy/policy-insights-09-10-24/index.html)

### Issue Briefs
**September 2024**  
**Qualifying venture capital fund parameters: Issue brief**  
To support innovation and job creation, Congress can modernize the criteria for qualifying venture capital funds to account for existing market conditions.  
[View](/content/policy/issue-brief-qualifying-vc-fund/index.html)