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Policy Newsletter
July 2025
QSBS: Protected, and expanded
Long and patient policy engagement pays off, as tax benefits open up for more investors and companies and R&D expensing turns more favorable for private capital markets as part of new budget bill.
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Policy Newsletter
June 2025
R&D, QSBS still in play for tax bill
The House moves to expand investor access to private markets.
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Policy Newsletter
June 2025
Innovators gain ground in tax policy—QSBS & R&D
Bipartisan progress on stablecoin legislation; Carta & Mayer Brown private credit event recap; Treasury outlines principles for AML overhaul
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Policy Newsletter
June 2025
Senate poised to unveil tax plan with impacts on innovators
SEC withdraws investment adviser proposals…except KYC; U.S.-China framework unlocks rare earth minerals but maintains tariff rates
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Policy Newsletter
June 2025
Tax bill faces challenges beneath Trump-Musk divide
Big, Beautiful Bill debate turns ugly; navigating tariff turmoil; push for greater retail access to private markets continues; and Carta & Mayer Brown to co-host event in NYC on June 17
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Policy Newsletter
May 2025
House tax bill bolsters innovation ecosystem…in round one
Carried interest and QSBS preserved, R&D expensing improved
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Policy Newsletter
May 2025
Trump’s tax bill jeopardizes carried interest
Carta, innovation orgs push SEC on capital formation agenda.
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Policy Newsletter
May 2025
Full steam ahead on House reconciliation effort
Also: Trump and Jinping circle on tariff negotiations; newly updated VC Regulatory Playbook is live; and the Carta Policy team visits Chicago and NYC
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Policy Newsletter
April 2025
Tariffs target China, roil U.S.
Startups and investors may have diminished access to capital during the current uncertainty—but more nimble enterprises may be able to adapt better and seize opportunities more quickly than legacy competitors.
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Policy Newsletter
April 2025
Carta pushes SBA to bolster fund managers and innovators
Also: Tariffs set off turmoil across markets; Carta urges SBA to bolster fund managers in congressional testimony
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Policy Newsletter
March 2025
SEC nominee outlines vision before Senate Banking Committee
Also, House Financial Services Committee continues capital formation push to expand access to more regions; Carta’s Head of Policy to testify in Congress next week
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Policy Newsletter
March 2025
A new day at the FTC
Trump fires FTC commissioners, testing executive power. SEC eases Marketing compliance for private funds and continues to take steps toward crypto policy framework.
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