Risk Disclosure and Investor Attestation Act has not moved since its introduction on Jan 3, 2025, with no cosponsors
IntroducedJan 3, 2025
Reported—
Passed one chamber—
Passed both—
Law—
What it changes · CRS summary
Written by the Congressional Research Service [2]. 86 words.
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.
Context
- Committees
- House Financial Services Committee
- Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 0 of 126 bills enacted since 2013
- Text versions
- 1: introduced in house · 184 words
- Subjects
- Business investment and capitalFinancial services and investmentsSecurities
- Latest action
- Jan 3, 2025: Referred to the House Committee on Financial Services.
- Records
- Congress.gov · Bill text
Exhibit 1Passage odds band at each stage, rated when the bill reached it [4]
Related bills · 0
The bill status record lists no related bills.
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]