Private Placement Improvement Act of 2016

openUnited States· United States Congress· EN

Introduced

23 March 2016

Last action

6 September 2016 · Reported

Status

Placed on the Union Calendar, Calendar No. 562.

Summary

Private Placement Improvement Act of 2016 This bill directs the Securities and Exchange Commission (SEC) to revise the filing requirements of Regulation D (which provides exemptions from securities registration requirements) 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 (used to file a notice of an exempt offering of securities under Regulation D) for each new offering of securities. The SEC shall not: (1) require the issuer to file any notice of sales containing the information required by Form D except for this single notice; (2) condition the availability of the Rule 506 exemption upon the filing of a Form D or similar report; or (3) require 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. The SEC shall 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. The SEC shall not extend to private funds the requirements governing investment company sales literature.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

23 March 2016
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
23 March 2016
Introduced
Introduced in House
Source: IntroReferral
23 March 2016
Introduced
Introduced in House
Source: IntroReferral
14 April 2016
Committee
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Source: Committee
15 June 2016
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
16 June 2016
Vote
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 26.
Source: Committee
16 June 2016
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
6 September 2016
Calendars
Placed on the Union Calendar, Calendar No. 562.
Source: Calendars
6 September 2016
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 114-726.
Source: Committee
6 September 2016
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 114-726.
Source: Committee

Votes

No vote records are attached yet.

Versions

Reported in House · 6 September 2016 · Download file
Introduced in House · 23 March 2016 · Download file

Documents

6 official files

Reported in House (text)

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Reported in House (text)
Reported in House · EN · 6 September 2016
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Reported in House (PDF)
Reported in House · EN · 6 September 2016
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Reported to House with amendment(s)
summary · EN · 6 September 2016
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Introduced in House (text)
Introduced in House · EN · 23 March 2016
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Introduced in House (PDF)
Introduced in House · EN · 23 March 2016
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Introduced in House
summary · EN · 23 March 2016
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to → Accelerating Access to Capital Act of 2016
related to ← Financial CHOICE Act of 2016

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/114th-congress/house-bill/4852
Open data entity: https://api.congress.gov/v3/bill/114/hr/4852
us · 114-hr-4852 · source updated 12 August 2025