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United States · Bill · HR

H.R. 5910 (117th)

Holding SPACs Accountable Act of 2021

reportedUnited States· United States Congress· EN

Introduced

9 November 2021

Last action

Status

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.

Sponsors

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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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3 official files

Introduced in House (text)

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