Holding SPACs Accountable Act of 2021
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).
Bill status
in committee
1 of 4 stages cleared
Introduction
Nov 2021
Committee Review
Floor Vote
President
Introduced Nov 9, 2021
Last action Nov 16, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
1
Committee
2
Amendments
1
Nov 16, 2021
Introduced
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.
lower
Nov 16, 2021
Lower · Passed
Committee Consideration and Mark-up Session Held.
lower
Nov 9, 2021
Committee
Referred to the House Committee on Financial Services.
lower
Nov 9, 2021
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Michael F. Q. San Nicolas
DDemocratic
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