115 HR 3972 IH: Family Office Technical Correction Act of 2017 U.S. House of Representatives 2017-10-05 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I115th CONGRESS1st SessionH. R. 3972IN THE HOUSE OF REPRESENTATIVESOctober 5, 2017Mrs. Carolyn B. Maloney of New York introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo clarify that family offices and family clients are accredited investors, and for other purposes.

1.

Short title

This Act may be cited as the Family Office Technical Correction Act of 2017.

2.

Accredited investor clarification

Any person who is a family office or a family client, as defined in section 275.202(a)(11)(G)–1 of title 17, Code of Federal Regulations, shall be deemed to be an accredited investor, as defined in Regulation D of the Securities and Exchange Commission (or any successor thereto) under the Securities Act of 1933.