Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-hr-145119th CongressWALLET
Risk Disclosure and Investor Attestation Act
Sponsored By: Representative Davidson, Warren [R-OH-8]
Introduced
Summary
Requires individual investors to sign a short attestation saying they understand the risks of investing in private issuers. The bill would add a requirement to the Securities Act of 1933 that an investor provide that attestation to the issuer using a standard form the Securities and Exchange Commission must create. The SEC would have one year to issue rules and the form. The form may not be longer than two pages.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
New risk form for private investors
If enacted, individuals who tell a private company they understand investing risks would need to use a standard SEC form. The form could be no longer than two pages. The SEC would have to issue the form and related rules within 1 year of enactment.
Sponsors & CoSponsors
Sponsor
Davidson, Warren [R-OH-8]
OH • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov