# 114-hr-4852: Private Placement Improvement Act of 2016

114-hr-4852, Private Placement Improvement Act of 2016, is a 114th Congress bill sponsored by Rep. Garrett, Scott [R-NJ-5] (R-NJ); status Placed on the Union Calendar, Calendar No. 562. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-4852
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-4852
- Congress: 114
- Title: Private Placement Improvement Act of 2016
- Status: Placed on the Union Calendar, Calendar No. 562.
- Introduced: 2016-03-23
- Sponsor: Rep. Garrett, Scott [R-NJ-5] (R-NJ)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Private Placement Improvement Act of 2016 This bill directs the Securities and Exchange Commission (SEC) to revise the filing requirements of Regulation D (which provides exemptions from securities registration requirements) to require an issuer that offers or sells securities in reliance upon a certain exemption from registration (for limited offers and sales without regard to the dollar amount of the offering [Rule 506]) to file, no earlier than the date of first sale of such securities, a single notice of sales containing the information required by Form D (used to file a notice of an exempt offering of securities under Regulation D) for each new offering of securities. The SEC shall not: (1) require the issuer to file any notice of sales containing the information required by Form D except for this single notice; (2) condition the availability of the Rule 506 exemption upon the filing of a Form D or similar report; or (3) require issuers to submit written general solicitation materials in connection with a limited offering subject to Rule 506, except when it requests such materials pursuant to specified authority. The SEC shall revise a specified rule, regarding a Rule 506 offering of a private fund, to characterize as an accredited investor a "knowledgeable employee" of that private fund or the fund's investment adviser. The SEC shall not extend to private funds the requirements governing investment company sales literature.

## Cosponsors (1)

- Rep. McHenry, Patrick T. [R-NC-10] (R-NC), 2016-04-12T00:00:00.000Z

## Related bills

- 114-hr-6427: Creating Financial Prosperity for Businesses and Investors Act
- 114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Doby in recognition of his achievements and contributions to American major league…
- 114-hr-5499: Agency Accountability Act of 2016
- 114-hr-5143: Transparent Insurance Standards Act of 2016
- 114-hr-4768: Separation of Powers Restoration Act of 2016
- 114-hr-4365: Protecting Patient Access to Emergency Medications Act of 2016

## Sources
- [114-hr-4852 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/4852)

## Related
- [114-hr-6427: Creating Financial Prosperity for Businesses and Investors Act](https://policyrisk.com/legislation/114-hr-6427)
- [114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Dob…](https://policyrisk.com/legislation/114-hr-5621)
- [114-hr-5499: Agency Accountability Act of 2016](https://policyrisk.com/legislation/114-hr-5499)
- [114-hr-5143: Transparent Insurance Standards Act of 2016](https://policyrisk.com/legislation/114-hr-5143)
- [114-hr-4768: Separation of Powers Restoration Act of 2016](https://policyrisk.com/legislation/114-hr-4768)
- [114-hr-4365: Protecting Patient Access to Emergency Medications Act of 2016](https://policyrisk.com/legislation/114-hr-4365)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-4852 (as of 2025-11-18).