United States · Bill · HR
H.R. 5910 (117th)
Holding SPACs Accountable Act of 2021
Introduced
9 November 2021
Last action
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Status
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
Holding SPACs Accountable Act of 2021 This bill revises the exclusion from safe harbor protections from liability applicable to forward-looking statements (i.e., statements that predict, project, or use future events as expectations or possibilities) made in connection with certain investments. Specifically, it excludes from the safe harbor a development stage company that has no specific business plan or purpose or has indicated that its business plan is to acquire or merge with an unidentified company, entity, or person (e.g., a special purpose acquisition company).
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 9 November 2021
Introduced in House (PDF)
Introduced in House · EN · 9 November 2021
Introduced in House
summary · EN · 9 November 2021
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/house-bill/5910
- Open data entity: https://api.congress.gov/v3/bill/117/hr/5910