# 119-hr-145: Risk Disclosure and Investor Attestation Act

119-hr-145, Risk Disclosure and Investor Attestation Act, is a 119th Congress bill sponsored by Rep. Davidson, Warren [R-OH-8] (R-OH); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-145
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-145
- Congress: 119
- Title: Risk Disclosure and Investor Attestation Act
- Status: introduced
- Introduced: 2025-01-03
- Sponsor: Rep. Davidson, Warren [R-OH-8] (R-OH)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## 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.

## Provisions PRIA read

- New risk form for private investors: mixed, low. 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.

## Related bills

- 119-hr-3633: Digital Asset Market Clarity Act
- 119-hr-3330: Energy Freedom Act
- 119-hr-25: FairTax Act of 2025
- 119-hr-8324: Great American Healthcare Plan
- 119-hr-6955: Main Street Capital Access Act
- 119-hr-266: Educational Opportunity and Success Act of 2025

## Sources
- [119-hr-145 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/145)

## Related
- [119-hr-3633: Digital Asset Market Clarity Act](https://policyrisk.com/legislation/119-hr-3633)
- [119-hr-3330: Energy Freedom Act](https://policyrisk.com/legislation/119-hr-3330)
- [119-hr-25: FairTax Act of 2025](https://policyrisk.com/legislation/119-hr-25)
- [119-hr-8324: Great American Healthcare Plan](https://policyrisk.com/legislation/119-hr-8324)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-266: Educational Opportunity and Success Act of 2025](https://policyrisk.com/legislation/119-hr-266)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-145 (as of 2026-04-21).