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US HB145

Bill

Official Source

Status

Introduced

1/3/2025

Primary Sponsor

Warren Davidson

Click for details

Origin

House of Representatives

119th Congress

AI Summary

  • Amends the Securities Act of 1933 to expand the definition of "accredited investor" to include any individual who attests they understand the risks of investing in private issuers
  • Requires the SEC to create a standardized attestation form that cannot exceed 2 pages in length
  • SEC must issue rules implementing these changes within 1 year of the bill's enactment
  • Removes wealth and income requirements as the sole criteria for accessing private investment opportunities

Legislative Description

Risk Disclosure and Investor Attestation Act

Finance and financial sector

Last Action

Referred to the House Committee on Financial Services.

1/3/2025

Committee Referrals

Financial Services1/3/2025

Full Bill Text

No bill text available