Bill > HR145

This bill aims to modify the Securities Act of 1933 to allow individual investors to invest in private companies (private issuers) by implementing a simplified risk acknowledgment process. Specifically, the bill creates a new provision that permits individuals to invest in private companies after completing a risk attestation form, which the Securities and Exchange Commission (SEC) must develop within one year of the bill's enactment. The attestation form will be designed to help investors understand and formally acknowledge the potential risks associated with investing in private companies, and importantly, the form cannot exceed two pages in length. By creating this streamlined risk disclosure mechanism, the bill seeks to make private investment more accessible to individual investors while ensuring they are informed about potential investment risks. The bill represents an effort to balance investor protection with increased investment opportunities by requiring a clear, concise risk acknowledgment process rather than imposing more complex or burdensome investment restrictions.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/145/all-info