3.0.0 4570 2023-01-11T13:26:31Z 2023-01-11T13:26:31Z House H HR 2014-05-06 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GARRETT:H.R. 4570.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clauses 1 (``The Congress shall havePower To lay and collect Taxes, Duties, Imposts and Excises,to pay the Debts and provide for the common Defense andgeneral Welfare of the United States; but all Duties, Impostsand Excises shall be uniform throughout the United States''),3 (``To regulate Commerce with foreign Nations, and among theseveral States, and with the Indian Tribes''), and 18 (``Tomake all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States, or in any Department or Officer thereof'').[Page H3447]]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Hearings by 2014-05-01T20:56:21Z Markup by 2014-05-22T15:52:55Z Referred to 2014-05-06T16:02:20Z 2014-05-22 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 31 - 28. Committee 2014-05-22 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2014-05-06 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-05-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-05-06 Introduced in House IntroReferral 1000 9 Library of Congress 2014-05-01 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral. Committee G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 N M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 2014-05-06 True Finance and Financial Sector Administrative law and regulatory procedures Business records Corporate finance and management Financial services and investments Government information and archives Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2014-05-06 Introduced in House 2014-07-18T21:25:26Z Private Placement Improvement Act of 2014 - Directs the Securities and Exchange Commission (SEC) to revise the filing requirements of Regulation D to require an issuer that offers or sells securities in reliance upon a certain exemption from registration (for limited offers and sales without regard to the dollar amount of the offering [Rule 506]) to file, no earlier than the date of first sale of such securities, a single notice of sales containing the information required by Form D for each new offering of securities.

Prohibits the SEC from: (1) requiring the issuer to file any notice of sales containing the information required by Form D except for this single notice; (2) conditioning the availability of the Rule 506 exemption upon the filing of a Form D or similar report; or (3) requiring issuers to submit written general solicitation materials in connection with a limited offering subject to Rule 506, except when it requests such materials pursuant to specified authority.

Directs the SEC to revise a specified rule, regarding a Rule 506 offering of a private fund, to characterize as an accredited investor a "knowledgeable employee" of that private fund or the fund's investment adviser.

Prohibits the SEC from extending to private funds the requirements governing investment company sales literature.

]]> Private Placement Improvement Act of 2014 Display Title Private Placement Improvement Act of 2014 Official Title as Introduced To direct the Securities and Exchange Commission to revise Regulation D relating to exemptions from registration requirements for certain sales of securities. Introduced in House IH Short Titles as Introduced Private Placement Improvement Act of 2014 Introduced in House 2014-05-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4570ih/xml/BILLS-113hr4570ih.xml 2014-05-22 Ordered to be Reported by the Yeas and Nays: 31 - 28. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.