To amend the Securities Act of 1933 to permit an individual to invest in private issuers upon acknowledging the investment risks, and for other purposes.

1/8/2025, 1:40 PM
Congress
119
Number
HR - 145
Introduced on
2025-01-03
# Amendments
0
Sponsors
+5

Related

Committee:  
Financial Services

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Risk Disclosure and Investor Attestation Act

This bill expands who may be considered an accredited investor for purposes of participating in private offerings of securities. Certain unregistered securities may only be offered to accredited investors.

Specifically, the bill allows an individual to qualify by certifying to the issuer of securities that the individual understands the risks of investment in private issuers. Currently, accredited investors must satisfy certain requirements indicating their reduced exposure to financial risk, including those related to income, net worth, or knowledge and experience.

Bill 119 HR 145, also known as the Private Securities Act Amendment, aims to make changes to the Securities Act of 1933. The main goal of this bill is to allow individuals to invest in private issuers after acknowledging the risks involved in such investments. This means that individuals would have the opportunity to invest in companies that are not publicly traded, but they would need to be aware of the potential risks before making their investment.

The bill also includes provisions for other purposes, although specific details on these purposes are not provided in the summary. Overall, the Private Securities Act Amendment seeks to give individuals more flexibility in their investment choices while ensuring that they are fully informed about the risks involved in investing in private issuers.

It is important to note that this summary provides a factual overview of the bill without taking a stance on its potential impact or implications.
Alternative Names
Official Title as IntroducedTo amend the Securities Act of 1933 to permit an individual to invest in private issuers upon acknowledging the investment risks, and for other purposes.

Comments

Recent Activity

Latest Summary3/27/2025

Risk Disclosure and Investor Attestation Act

This bill expands who may be considered an accredited investor for purposes of participating in private offerings of securities. Certain unregistered securities may only be offere...

Latest Action1/3/2025
Referred to the House Committee on Financial Services.