### Policy Outlook 2025: Implications for the Private Capital Ecosystem

President Trump has officially returned to the White House with an ambitious agenda and a Republican Congress. With unified control, the new administration will shift governing dynamics and policy outcomes that impact the private capital ecosystem—from tax to tech policy to capital markets regulation.

Watch Carl Holshouser, Executive Vice President, Corporate Officer, Head of Federal Policy and Government Relations at TechNet, and the Carta Policy Team discuss what to expect from Congress and the new administration in 2025, and how the policy agenda will impact private equity, venture capital, and the startups and small businesses they support.

The discussion covers:

- Key policy areas to watch in 2025, including tax reform and the regulatory landscape for emerging technologies like AI

- The shifting regulatory posture at the SEC and opportunities to unlock greater access to capital and investment opportunities

- How Carta and others in the ecosystem are engaging to shape the policy debate, and the ecosystem can navigate the evolving political and policy landscape

## Featuring

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Carl Holshouser  
  Executive Vice President, Corporate Officer, Head of Federal Policy and Government Relations  
  TechNet

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Anthony Cimino  
  Head of Policy  
  Carta

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Holli Heiles Pandol  
  Senior Policy Counsel  
  Carta

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