Legis Daily

Risk Disclosure and Investor Attestation Act

USA119th CongressHR-145| House 
| Updated: 1/3/2025
Warren Davidson

Warren Davidson

Republican Representative

Ohio

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The Risk Disclosure and Investor Attestation Act aims to amend the Securities Act of 1933, enabling more individuals to invest in private issuers. Under this bill, an individual can participate in such investments if they formally attest to understanding the associated risks, using a standardized form. The legislation directs the Securities and Exchange Commission (SEC) to establish this risk acknowledgment form, which must not exceed two pages in length. The SEC is also tasked with issuing the necessary rules to implement these amendments within one year of the Act's enactment, ensuring a clear process for investor attestation.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 118-1574
Risk Disclosure and Investor Attestation Act
Jan 3, 2025
Introduced in House
Jan 3, 2025
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 118-1574
    Risk Disclosure and Investor Attestation Act


  • January 3, 2025
    Introduced in House


  • January 3, 2025
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Business investment and capitalFinancial services and investmentsSecurities

Risk Disclosure and Investor Attestation Act

USA119th CongressHR-145| House 
| Updated: 1/3/2025
The Risk Disclosure and Investor Attestation Act aims to amend the Securities Act of 1933, enabling more individuals to invest in private issuers. Under this bill, an individual can participate in such investments if they formally attest to understanding the associated risks, using a standardized form. The legislation directs the Securities and Exchange Commission (SEC) to establish this risk acknowledgment form, which must not exceed two pages in length. The SEC is also tasked with issuing the necessary rules to implement these amendments within one year of the Act's enactment, ensuring a clear process for investor attestation.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 118-1574
Risk Disclosure and Investor Attestation Act
Jan 3, 2025
Introduced in House
Jan 3, 2025
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 118-1574
    Risk Disclosure and Investor Attestation Act


  • January 3, 2025
    Introduced in House


  • January 3, 2025
    Referred to the House Committee on Financial Services.
Warren Davidson

Warren Davidson

Republican Representative

Ohio

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalFinancial services and investmentsSecurities