Risk Disclosure and Investor Attestation Act

HR 1574, the Risk Disclosure and Investor Attestation Act, requires individual investors to confirm they understand the risks of investing in private companies before purchasing shares. It directly affects people investing in private issuers (like startups or private firms) by mandating a standardized attestation form. The bill adds a new requirement to securities law that investors must use a form created by the Securities and Exchange Commission (SEC), limited to two pages, to attest they comprehend the risks. The SEC must issue implementing rules within one year of the law's enactment to establish this form.