Risk Disclosure and Investor Attestation Act

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.