California hits pause: DFPI suspends enforcement of VC diversity reporting rule pending rulemaking

On March 17, 2026, the California Department of Financial Protection and Innovation (DFPI) announced that it will pause enforcement of the Fair Investment Practices by Venture Capital Companies Law (FIPVCC) pending further rulemaking. Venture capital companies subject to FIPVCC should pause all work related to reporting until further notice.

We will continue to monitor any developments and provide updates as the rulemaking process unfolds. For more background information on FIPVCC, please see our prior alert.