Risk Disclosure and Investor Attestation Act

HR 145, the Risk Disclosure and Investor Attestation Act, requires investors to confirm they understand investment risks before purchasing securities from private companies. It directly affects individual investors buying into private issuers by mandating a written attestation. The key provision adds a new requirement that investors use a standardized, two-page form (created by the SEC within one year) to attest to their risk understanding. This changes the disclosure process for private investments under the Securities Act of 1933.