# SHAPING PRIVATE MARKET POLICY

## Policy Desk

Carta's Policy Team connects policymakers and private capital, building policy infrastructure to bolster private markets and help founders, fund managers, and investors navigate it.

## Our priorities

Expand access to private capital

Lower barriers and broaden access to capital for founders and fund managers, strengthening innovation, job creation, and economic growth across more regions.

Broaden private market investment opportunities

Expand responsible access so more individuals can benefit from the diversification and value creation private capital offers.

Modernize private capital regulatory framework

Ensure the regulatory infrastructure reflects today’s market realities and evolving industry practices, leveraging technology to bolster innovation, opportunity, and growth.

## Featured

### [2026 Policy Outlook: Implications for private equity](https://fund-forecasting@carta.com/uk/en/policy/policy-outlook-private-capital-ecosystem-2026/)
Private equity's policy environment just shifted in your favor. The INVEST Act, SEC reforms, and retail access are expanding opportunities—but also regulatory scrutiny. Here's what 2026 holds for PE firms.

### [The INVEST Act: Building for the next generation of American innovation](https://fund-forecasting@carta.com/uk/en/policy/invest-act/)
The INVEST Act modernizes capital formation for American innovation. Passed by the House with bipartisan support, this landmark legislation broadens capital access, expands investment opportunities, and lowers IPO barriers.

### [California’s new diversity reporting standards: What VCs need to know](https://fund-forecasting@carta.com/uk/en/policy/ca-vc-diversity-reporting-2026/)
California will require most venture capital firms with state ties to report anonymized demographic data on founders starting this year, imposing new compliance obligations and increasing transparency across the VC ecosystem.

### [2025 Carta Policy year in review](https://fund-forecasting@carta.com/uk/en/policy/policy-year-in-review-2025/)
Carta Policy looks back on key 2025 wins—including tax reform, the INVEST Act, and SEC engagement—and previews a pivotal 2026 for private market regulation, capital access, and digital asset policy.

## Events

### [Policy Outlook 2025: Implications for the Private Capital Ecosystem](https://fund-forecasting@carta.com/uk/en/events/policy-outlook-2025/)
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.

### [Tax Season Recap & What’s Next for Startup Taxes](https://fund-forecasting@carta.com/uk/en/events/2025-tax-season/)
This event will give you actionable insights to help protect your equity and maximize tax advantages.

### [Navigating the New QSBS to Maximize VC Gains](https://fund-forecasting@carta.com/uk/en/events/qsbs-vc-gains/)
Learn how QSBS works, the best ways to navigate its evolving structure, and how to leverage this powerful incentive to bolster your portfolio and portcos.

### [Transform Tax Savings into Startup Growth with QSBS](https://fund-forecasting@carta.com/uk/en/events/transform-tax-with-qsbs/?ir=qsbs-collection)
Whether you just launched or are scaling, understanding QSBS can save you (and your team) millions — and position you to win in a competitive market.

## Data Insights

### [Carta Policy Insights: Decoding the Data](https://fund-forecasting@carta.com/uk/en/policy/policy-insights-11-15-24/)
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/uk/en/policy/policy-insights-09-10-24/)
Emerging managers are critical to expanding the innovation economy and driving U.S. competitiveness. Carta advocates for better policies to support them.

### [Carta Policy Insights: Decoding the data | QSBS](https://fund-forecasting@carta.com/uk/en/policy/policy-insights-08-13-24/)
QSBS incentivizes investment in startups and helps them recruit talent during their critical early stages. QSBS has proven to be a successful policy—but it can be further enhanced to benefit more employees.

## Resources

### [FinCEN’s AML rule for investment advisers: What asset managers need to know](https://fund-forecasting@carta.com/uk/en/policy/fincen-aml-rule/)
The FCA is intensifying its focus on AML and KYC compliance in private markets. Read Carta’s guide to managing risk and aligning policies with its “Dear CEO” letter.