Policy Desk

Carta engages policymakers, founders, employees, and investors to drive policy that supports the private market ecosystem.

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Carta’s policy priorities

Carta’s policy priorities

Five key objectives that aim to make innovation and ownership core to our economy.

Recent engagements

Corporate Transparency Act

Corporate Transparency Act

The Corporate Transparency Act (CTA) requires millions of small businesses—including many startups—to report beneficial ownership information (BOI) to FinCEN. The Carta Policy & Product teams collaborated to create a free in-app solution for startups using Carta Launch.

To help founders and understand the new law, Director of Policy Amy Miller hosted a virtual event with Rachel Sapers, Carta’s head of KYC and AML compliance, and FinCEN’s David King. Watch the event recording.

Learn more about the CTA
PFA Policy desk

Private fund adviser rules

In February 2022, the SEC proposed new rules requiring greater disclosures and reporting requirements for registered investment advisers.

Carta sought to expand the comment period beyond the original 30 days and recommended SEC consider the rules’ adverse impact on emerging funds.

Outcome: The SEC extended the comment period and moderated its final rules to address industry concerns. Although the SEC’s rules are now being disputed in federal court, the Carta Policy & Product teams are developing tools to help fund managers comply with the new reporting requirements.
Read more
Coin entering a slot next to a chart of numbers


Carta and others in the innovation community signed a letter to legislators urging them to adopt the R&D expense provision included in the proposed tax package passed by the House; the provision has remained bipartisan even as other aspects of the deal became divisive.
Read the coalition letter
VC regulatory playbook

VC regulatory playbook

Our fund administration customers told us it would be helpful to have a full readout on the state of the venture capital regulatory landscape—a VC policy handbook that they could consult as needed. So we created one.
Get the playbook
US Capitol

Congressional testimony

In April 2023, Carta CEO Henry Ward testified before the House Financial Services Committee on the importance of the private markets to the innovation economy—and the critical role that venture-backed companies play in maintaining America’s technological edge.
Read or watch Henry’s full testimony
Stack of money separated from a sheet of paper with a chart on it

QSBS tax treatment

The qualified small business stock (QSBS) exclusion limits capital gains taxes for the founders, employees, and investors of small businesses. Carta sought to prevent curtailment of the QSBS exclusion, which provides vital support to startups. The policy team:
  • Built a coalition of advocacy leaders across the innovation economy
  • Organized multiple coalition letters to Congress
  • Engaged 40+ meetings with policymakers

Outcome: The measure to curtail QSBS curtailment was removed from Inflation Reduction Act.
Read more
83(b) paperwork

83(b) election

An 83(b) election lets taxpayers accelerate a portion of their tax liability on equity ownership to the date of acquiring the shares—it can result in significant tax savings. Carta sought a streamlined 83(b) election process that would allow employees to sign and file electronically.

The policy team organized 40+ organizations to petition the IRS for electronic signature relief.

Outcome: IRS has provided temporary relief that enables electronic signature for 83(b) elections through October 2023. Bipartisan legislators have introduced a bill to make the change permanent.
Read more on the IRS website


Understand the impacts of current policy and get regular updates about potential regulatory changes.

Where Carta works

The policy team helps companies engage with local, state, and federal policymakers.

Companies on Carta by state Jan 2024

Meet the team

The policy team works every day to advance the innovation economy and help make sure that more people can participate in the ownership economy.

Recent events

  • CTA event

    Corporate Transparency Act: What Business Owners Need to Know

    Carta’s Amy Miller and Rachel Sapers joined FinCEN’s David King to give startup founders an in-depth review of the CTA’s Beneficial Ownership Information (BOI) reporting requirements.
  • Innovator Forum Atlanta Event Image

    Innovator Forum: Atlanta

    Bringing together ATL-based founders, investors, and policymakers to showcase the opportunities and talent of the area, highlight challenges, and discuss the future of the Atlanta tech scene.

Sign up for Carta’s weekly policy newsletter

Each week, the Carta policy team shares weekly insights and analysis of on key issues impacting the private market ecosystem.