H.R. 145 119th Congress House

Risk Disclosure and Investor Attestation Act

Official title: To amend the Securities Act of 1933 to permit an individual to invest in private issuers upon acknowledging the investment risks, and for other purposes.

Introduced: January 3, 2025 Introduced by: Warren Davidson Republican · Ohio See on congress.gov

Finance and Financial Sector Business investment and capitalFinancial services and investmentsSecurities

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 3, 2025

Referred to the House Committee on Financial Services.

Jan 3, 2025

Introduced in House

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What's happening now January 3, 2025

Referred to the House Committee on Financial Services.

Plain-English summary Congressional Research Service

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.

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Financial Services Committee
House of Representatives

Lobbying activity 3

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 4th Quarter 2025 (Oct 1 - Dec 31)
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 3rd Quarter 2025 (July 1 - Sep 30)
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 2nd Quarter 2025 (Apr 1 - June 30)

Bodies those filers lobbied

Agriculture, Dept of (USDA)
3 filings
Army, Dept of (Corps of Engineers)
3 filings
Bureau of Citizenship & Immigration Services (BCIS)
3 filings
Bureau of Industry and Security (BIS)
3 filings
Bureau of Reclamation
3 filings
Centers For Medicare and Medicaid Services (CMS)
3 filings
Commerce, Dept of (DOC)
3 filings
Commodity Futures Trading Commission (CFTC)
3 filings

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

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APA

U.S. Congress. (2026). H.R. 145: Risk Disclosure and Investor Attestation Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-145/

MLA

"H.R. 145: Risk Disclosure and Investor Attestation Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-145/.

Bluebook (legal)

H.R. 145, 119th Cong. (2026), https://openamerica.io/bill/119-HR-145/.

Markdown link

[H.R. 145: Risk Disclosure and Investor Attestation Act](https://openamerica.io/bill/119-HR-145/)