,,ib  ,union ,calendar ,no4 #bff  #aaeth
 ,,congress  #ast ,session  ,h4 ,r4     
#cigb  ,report ,no4 #aae-cfb  ,,in ,,the
 ,,house ,,of ,,representatives         
,october #e1 #bjag ,mrs4 ,carolyn ,b4   
,maloney of ,new ,york introduced the   
following bill2 which was referred to   
the ,committee on ,financial ,services  
,october #bc1 #bjag ,reported with      
amendments1 committed to the ,committee 
of the ,whole ,house on the ,state of   
the ,union1 and ordered to be printed   
,omit the part struck through and insert
 the part printed in italic  ,a ,,bill  
,to clarify that family offices and     
family clients are accredited investors1
 and for other purposes4  #a4 ,short    
title  ,this ,act may be cited as the   
,family ,office ,technical ,correction  
,act of #bjag4  #b4 ,accredited investor
 clarification ,any person who is a 7a7 
,in ,general4--,subject to subsection   
7b71 any family office or a family      
client1 client of a family office1 as   
defined in section                      

#bge4bjb7;a77#aa77;,g7-#a of title #ag1 
,code of ,federal ,regulations1 shall be
 deemed to be an accredited investor1 as
 defined in ,regulation ,d of the       
,securities and ,exchange ,commission   
7or any successor thereto7 under the    
,securities ,act of #aicc4 7b7          
,limitation ,subsection 7a7 only applies
 to a family office with assets under   
management in excess of #e1jjj1jjj1 and 
a family office or a family client not  
formed for the specific purpose of      
acquiring the securities offered1 and   
whose purchase is directed by a person  
who has such knowledge and experience in
 financial and business matters that    
such person is capable of evaluating the
 merits and risks of the prospective    
investment4  ,october #bc1 #bjag        
,reported with amendments1 committed to 
the ,committee of the ,whole ,house on  
the ,state of the ,union1 and ordered to
 be printed