{"id":446,"date":"2026-06-13T05:07:57","date_gmt":"2026-06-13T05:07:57","guid":{"rendered":"https:\/\/nationallogisticspost.com\/?p=446"},"modified":"2026-06-13T05:07:57","modified_gmt":"2026-06-13T05:07:57","slug":"california-forces-venture-capitalists-into-dei-regime","status":"publish","type":"post","link":"https:\/\/nationallogisticspost.com\/?p=446","title":{"rendered":"California Forces Venture Capitalists Into DEI Regime"},"content":{"rendered":"
\n
\n

A<\/span> California law requiring venture capital firms to report the race, gender, and sexual orientation of the companies they fund is being challenged in federal court, the California Globe<\/em> reports. Attorneys for the Colorado-based\u00a01517\u00a0Fund contend<\/span>\u00a0that the law is unconstitutional. Californians can make a case that the measure also violates the spirit of a state law the people approved in 1996.<\/p>\n

Read more Celebrate Good Times<\/a><\/p>\n

The Fair Investment Practices by Venture Capital Companies Act, now being challenged, derives from California\u00a0Senate Bill 54, by Berkeley Democrat Nancy Skinner. The 2023 measure applies to any companies in the country and seeks to steer investments to those who identify as \u201ca woman, nonbinary, Black, African American, Hispanic, Latino-Latina, Asian, Pacific Islander, Native American, Native Hawaiian, Alaskan Native, disabled, veteran or disabled veteran, lesbian, gay, bisexual, transgender, or queer.\u201d Venture capital companies must file reports with the California Civil Rights Department.<\/p>\n

\u201cThis bill resonates deeply with my commitment to advance equity and provide for greater economic empowerment of historically underrepresented communities,\u201d said Governor Gavin Newsom in his . On the other hand, the National Venture Capital Association contends that SB 54 would \u201c\u00a0that would hurt the cause of diversity, equity, and inclusion (DEI) efforts while creating unnecessary costs and risks for California venture capitalists.\u201d For the 1517 Fund, it\u2019s a different issue.<\/p>\n

\u201cThis case is about whether the government can force private citizens to operate a racial classification scheme,\u201d Pacific Legal Foundation (PLF) attorney Wilson Freeman told the California Globe<\/em>. \u201cThe First Amendment protects the right against compelled speech; forcing venture capital companies to interrogate their founders [about] their race and sexuality, on the government\u2019s script, violates that principle.\u201d<\/p>\n

Founded in 2015 by Danielle Strachman and Michael Gibson, the 1517 Fund screens overlooked talent for ideas and potential. Requiring venture capital funders to enforce a DEI regime,\u00a0PLF contends, \u201cpressures venture capitalists to make investment decisions based on race, ethnicity, and gender, rather than on merit and innovation.\u201d<\/p>\n

In a similar style, the California Civil Rights Initiative (CCRI) banned racial and ethnic preferences in state education, employment, and contracting. The initiative, Proposition 209 on the November, 1996 ballot, passed by a margin of 54-46. As Thomas Sowell showed in Intellectuals and Race<\/em>, CCRI did not harm \u201cdiversity,\u201d and after passage, the number of African-American and Hispanic students graduating from the University of California system increased.<\/p>\n

Read more How Not to Save Money on Gas<\/a><\/p>\n

California\u2019s education establishment opposed the measure from the start, and in 2020, the people defeated Proposition 16, a measure to eliminate CCRI by 57.23 to 42.77 percent, a bigger margin than in 1996. Despite the will of the people, California built a vast DEI establishment that consumes millions of taxpayer dollars while doing nothing to improve student outcomes or address budgetary concerns.<\/p>\n

Unlike the California Civil Rights Initiative and the \u00a0(Proposition 13),\u00a0\u00a0the people of California never got to vote on the Fair Investment Practices by Venture Capital Companies Act. The lawsuit against the measure, filed in the United States District Court for the Eastern District of California, is\u00a01517 Fund v. KC Mohseni<\/em>.<\/p>\n

Khalil \u201cKC\u201d Mohseni is commissioner of the California Department of Financial Protection & Innovation (DFPI). The Commissioner is \u201ccommitted to the Department\u2019s mission to protect consumers and foster trust and innovation in the financial marketplace.\u201d If Californians thought the Senate Bill 54 did not foster innovation, it would be hard to blame them.<\/p>\n

The Pacific Legal Foundation, meanwhile, has been active against the California Coastal Commission (CCC), which overrides scores of city and county governments on land-use issues and rides roughshod over property rights. Candidates for governor of California have little if anything to say\u00a0about the unelected CCC and California Air Resources Board (CARB), a longtime promoter of high gasoline prices and stifling regulation.<\/p>\n

READ MORE from Lloyd Billingsley:<\/strong><\/p>\n

Climate Change Superstition Still Rules California<\/strong><\/p>\n

California Candidates Ignore Unelected Agencies<\/strong><\/p>\n

Agents Double-0-COVID<\/strong><\/p>\n

Lloyd\u00a0Billingsley\u00a0is a policy fellow at the\u00a0<\/em>Independent Institute<\/em>\u00a0in Oakland, Calif.<\/em><\/strong><\/p>\n

Read more The Spectacle Ep. 430: Will The VA Finally Approve MDMA Therapy for Veterans?<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A most wonderful article<\/p>\n","protected":false},"author":1,"featured_media":445,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-california-watch"],"yoast_head":"\nCalifornia Forces Venture Capitalists Into DEI Regime - National Logistics Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationallogisticspost.com\/?p=446\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"California Forces Venture Capitalists Into DEI Regime - National Logistics Post\" \/>\n<meta property=\"og:description\" content=\"A most wonderful article\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationallogisticspost.com\/?p=446\" \/>\n<meta property=\"og:site_name\" content=\"National Logistics Post\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-13T05:07:57+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/nationallogisticspost.com\\\/?p=446#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nationallogisticspost.com\\\/?p=446\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/nationallogisticspost.com\\\/#\\\/schema\\\/person\\\/af6e6ad9b3cf5bfe495dc5541ee6a5cc\"},\"headline\":\"California Forces Venture Capitalists Into DEI Regime\",\"datePublished\":\"2026-06-13T05:07:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/nationallogisticspost.com\\\/?p=446\"},\"wordCount\":671,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/nationallogisticspost.com\\\/?p=446#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/nationallogisticspost.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/adbe4a314e5b42488c10909e710ce032.jpg\",\"articleSection\":[\"California Watch\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/nationallogisticspost.com\\\/?p=446#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/nationallogisticspost.com\\\/?p=446\",\"url\":\"https:\\\/\\\/nationallogisticspost.com\\\/?p=446\",\"name\":\"California Forces Venture Capitalists Into DEI Regime - National Logistics Post\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nationallogisticspost.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/nationallogisticspost.com\\\/?p=446#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/nationallogisticspost.com\\\/?p=446#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/nationallogisticspost.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/adbe4a314e5b42488c10909e710ce032.jpg\",\"datePublished\":\"2026-06-13T05:07:57+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/nationallogisticspost.com\\\/#\\\/schema\\\/person\\\/af6e6ad9b3cf5bfe495dc5541ee6a5cc\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/nationallogisticspost.com\\\/?p=446#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/nationallogisticspost.com\\\/?p=446\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/nationallogisticspost.com\\\/?p=446#primaryimage\",\"url\":\"https:\\\/\\\/nationallogisticspost.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/adbe4a314e5b42488c10909e710ce032.jpg\",\"contentUrl\":\"https:\\\/\\\/nationallogisticspost.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/adbe4a314e5b42488c10909e710ce032.jpg\",\"width\":1280,\"height\":864},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/nationallogisticspost.com\\\/?p=446#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/nationallogisticspost.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"California Forces Venture Capitalists Into DEI Regime\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/nationallogisticspost.com\\\/#website\",\"url\":\"https:\\\/\\\/nationallogisticspost.com\\\/\",\"name\":\"National Logistics Post\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/nationallogisticspost.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/nationallogisticspost.com\\\/#\\\/schema\\\/person\\\/af6e6ad9b3cf5bfe495dc5541ee6a5cc\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/nationallogisticspost.com\"],\"url\":\"https:\\\/\\\/nationallogisticspost.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"California Forces Venture Capitalists Into DEI Regime - National Logistics Post","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationallogisticspost.com\/?p=446","og_locale":"en_US","og_type":"article","og_title":"California Forces Venture Capitalists Into DEI Regime - National Logistics Post","og_description":"A most wonderful article","og_url":"https:\/\/nationallogisticspost.com\/?p=446","og_site_name":"National Logistics Post","article_published_time":"2026-06-13T05:07:57+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nationallogisticspost.com\/?p=446#article","isPartOf":{"@id":"https:\/\/nationallogisticspost.com\/?p=446"},"author":{"name":"admin","@id":"https:\/\/nationallogisticspost.com\/#\/schema\/person\/af6e6ad9b3cf5bfe495dc5541ee6a5cc"},"headline":"California Forces Venture Capitalists Into DEI Regime","datePublished":"2026-06-13T05:07:57+00:00","mainEntityOfPage":{"@id":"https:\/\/nationallogisticspost.com\/?p=446"},"wordCount":671,"commentCount":0,"image":{"@id":"https:\/\/nationallogisticspost.com\/?p=446#primaryimage"},"thumbnailUrl":"https:\/\/nationallogisticspost.com\/wp-content\/uploads\/2026\/06\/adbe4a314e5b42488c10909e710ce032.jpg","articleSection":["California Watch"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/nationallogisticspost.com\/?p=446#respond"]}]},{"@type":"WebPage","@id":"https:\/\/nationallogisticspost.com\/?p=446","url":"https:\/\/nationallogisticspost.com\/?p=446","name":"California Forces Venture Capitalists Into DEI Regime - National Logistics Post","isPartOf":{"@id":"https:\/\/nationallogisticspost.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationallogisticspost.com\/?p=446#primaryimage"},"image":{"@id":"https:\/\/nationallogisticspost.com\/?p=446#primaryimage"},"thumbnailUrl":"https:\/\/nationallogisticspost.com\/wp-content\/uploads\/2026\/06\/adbe4a314e5b42488c10909e710ce032.jpg","datePublished":"2026-06-13T05:07:57+00:00","author":{"@id":"https:\/\/nationallogisticspost.com\/#\/schema\/person\/af6e6ad9b3cf5bfe495dc5541ee6a5cc"},"breadcrumb":{"@id":"https:\/\/nationallogisticspost.com\/?p=446#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationallogisticspost.com\/?p=446"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationallogisticspost.com\/?p=446#primaryimage","url":"https:\/\/nationallogisticspost.com\/wp-content\/uploads\/2026\/06\/adbe4a314e5b42488c10909e710ce032.jpg","contentUrl":"https:\/\/nationallogisticspost.com\/wp-content\/uploads\/2026\/06\/adbe4a314e5b42488c10909e710ce032.jpg","width":1280,"height":864},{"@type":"BreadcrumbList","@id":"https:\/\/nationallogisticspost.com\/?p=446#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationallogisticspost.com\/"},{"@type":"ListItem","position":2,"name":"California Forces Venture Capitalists Into DEI Regime"}]},{"@type":"WebSite","@id":"https:\/\/nationallogisticspost.com\/#website","url":"https:\/\/nationallogisticspost.com\/","name":"National Logistics Post","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationallogisticspost.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/nationallogisticspost.com\/#\/schema\/person\/af6e6ad9b3cf5bfe495dc5541ee6a5cc","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/nationallogisticspost.com"],"url":"https:\/\/nationallogisticspost.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/nationallogisticspost.com\/index.php?rest_route=\/wp\/v2\/posts\/446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationallogisticspost.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationallogisticspost.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationallogisticspost.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nationallogisticspost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=446"}],"version-history":[{"count":0,"href":"https:\/\/nationallogisticspost.com\/index.php?rest_route=\/wp\/v2\/posts\/446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationallogisticspost.com\/index.php?rest_route=\/wp\/v2\/media\/445"}],"wp:attachment":[{"href":"https:\/\/nationallogisticspost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationallogisticspost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationallogisticspost.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}