H.R. 145
Risk Disclosure and Investor Attestation Act
In Plain Language
This bill lets people invest in private securities if they sign a statement saying they understand the risks, instead of requiring them to meet income, net worth, or experience requirements. It expands who can participate in private investment offerings by adding a new way to qualify as an accredited investor based on risk acknowledgment alone.
Official Congressional Research Service summary
Risk Disclosure and Investor Attestation ActThis 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.
Sponsor
Cosponsors
None listed
Latest action
Referred to the House Committee on Financial Services.
Jan 3, 2025
Official source
Action history
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