,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #ade  ,,in ,,the ,,house ,,of   
,,representatives  ,january #c1         
#bjbe,mr4 ,davidson introduced the      
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to amend the ,securities    
,act of #aicc to permit an individual to
 invest in private issuers upon         
acknowledging the investment risks1 and 
for other purposes4  #a4 ,short title   
,this ,act may be cited as the ,risk    
,disclosure and ,investor ,attestation  
,act4  #b4 ,investor attestation  7a7   
,in general ,section #b7;a77#ae7 of the 
,securities ,act of #aicc               
7#gg;b7a77#ae77 is amended--  7#a7 by   
redesignating clause 7i7 as subparagraph
 7,a72  7#b7 in subparagraph 7,a71 as so
 redesignated1 by striking or at the    
end2  7#c7 by redesignating clause 7ii7 
as subparagraph 7,b72  7#d7 in          
subparagraph 7,b71 as so redesignated1  
by striking the period at the end and   
inserting 2 and2 and  7#e7 by adding at 

the end the following3  7,c7 with       
respect to an issuer1 any individual    
that has attested to the issuer that the
 individual understands the risks of    
investment in private issuers1 using    
such form as the ,commission shall      
establish1 by rule1 but which form may  
not be longer than #b pages in length4  
4  7b7 ,rulemaking ,not later than the  
end of the #a-year period beginning on  
the date of enactment of this ,act1 the 
,securities and ,exchange ,commission   
shall issue rules to carry out the      
amendments made by subsection 7a71      
including establishing the form required
 under such amendments4