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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
Summary of Bill HR 145
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.
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.
Congressional Summary of HR 145
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.
Current Status of Bill HR 145
Bill HR 145 is currently in the status of Bill Introduced since January 3, 2025. Bill HR 145 was introduced during Congress 119 and was introduced to the House on January 3, 2025. Bill HR 145's most recent activity was Referred to the House Committee on Financial Services. as of January 3, 2025
Bipartisan Support of Bill HR 145
Total Number of Sponsors
5Democrat Sponsors
0Republican Sponsors
5Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 145
Primary Policy Focus
Alternate Title(s) of Bill HR 145
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.
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.
Comments
Sponsors and Cosponsors of HR 145
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