California Suspends Venture Capital Diversity Reporting Requirements Pending New Rulemaking


1 minute read | March.18.2026

The California Department of Financial Protection and Innovation (DFPI) announced it is suspending the implementation and enforcement of the Fair Investment Practices by Venture Capital Companies Act (FIPVCC) in response to feedback and comments from various stakeholders, including Orrick, Herrington & Sutcliffe LLP. As a result, the DFPI will not require covered entities to meet the previously established registration and reporting deadline originally set for April 1, 2026.

Implementation and enforcement of the FIPVCC will be suspended pending completion of rulemaking to address such feedback and comments from various stakeholders. To maximize stakeholder engagement in this rulemaking process, the DFPI will seek input from various venture capital industry participants before beginning formal rulemaking. Once initiated, formal rulemaking must be completed within one year.

We will continue to monitor the situation and provide updates as they become available.