SB 1900
Inclusive venture investment
Inclusive Venture Investment
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
Creates the Inclusive Venture Investment Act. Provides that the State Treasurer shall create a Direct Matching Funds Program. Provides that the purpose of the program shall be to leverage State-managed funds for investments in minority-owned venture capital firms, minority-owned financial managers, and minority-led startups. Sets forth provisions for investment requirements and incentives; administration; transparency and reporting; oversight and compliance; confidentiality; and rulemaking. Effective July 1, 2026.
Sponsors
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Primary sponsor
Jr. Elgie R. Sims
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