HR 1574
118th Congress
House
Finance and Financial Sector
Risk Disclosure and Investor Attestation Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 14, 2023
Referred to the House Committee on Financial Services.
Mar 14, 2023
Introduced in House
Plain-English summary
Accredited Investor Self-Certification 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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1