H.R. 8378 · 116th Congress
Securities Clarity Act
- Stage
- In committee
- Sponsor
- Tom Emmer
- Introduced
- 2020-09-24
- Latest action
- 2020-09-24 · Introduced in House
Summary
Securities Clarity Act
This bill excludes an investment contract asset as being considered a security, including for disclosure and registration purposes. An investment contract asset as defined by the bill is a tangible or intangible asset sold pursuant to an investment contract that is not otherwise considered a security.