California’s statute on Fair Investment Practices by Venture Capital Companies (the “VC Diversity Law”) was originally scheduled to come into effect in 2026, with an initial registration date of March 1, 2026 to self-identify as a venture capital company subject to reporting and initial substantive reports due on April 1, 2026.  However, on March 17, the California Department of Financial Protection and Innovation (the “DFPI”) announced that enforcement of the VC Diversity Law would be suspended, pending rulemaking and final regulations.  As a result, covered entities are no longer required to submit registrations or file reports by April 1, 2026.  The DFPI plans to spend several months seeking input from industry stakeholders before beginning a year-long formal rulemaking process.