[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3972 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 3972

   To clarify that family offices and family clients are accredited 
                   investors, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 5, 2017

  Mrs. Carolyn B. Maloney of New York introduced the following bill; 
       which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
   To clarify that family offices and family clients are accredited 
                   investors, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

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

SEC. 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.
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