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United States · Bill · HR

H.R. 3972 (115th)

Family Office Technical Correction Act of 2017

referredUnited States· United States Congress· EN

Introduced

5 October 2017

Last action

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Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

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Subjects

Discovery layer

Source updated

7 April 2025

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Summary

Family Office Technical Correction Act of 2017 This bill provides that family offices and family clients are accredited investors as set forth by the Securities and Exchange Commission (SEC) in Regulation D, which exempts certain offerings from SEC registration requirements but prohibits general solicitation or general advertising with respect to such offerings. (A family office is a company that has no clients other than family clients, is wholly owned and exclusively controlled by family clients, and does not hold itself out to the public as an investment advisor.)

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Documents

11 official files

Referred in Senate (text)

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