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.