Risk Disclosure and Investor Attestation Act
Introduced Jan 3, 2025 by Rep. Warren Davidson
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
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.
Summary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.