Amendment sought to narrow the permissible exemption to allow oral or written communications with potential investors who are qualified institutional investors but would omit accredited investors from the exemption in the name of investor protection.

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Amendment Number
974
Description
Amendment sought to narrow the permissible exemption to allow oral or written communications with potential investors who are qualified institutional investors but would omit accredited investors from the exemption in the name of investor protection.
Purpose
An amendment numbered 7 printed in House Report 112-409 to strike language that allows an emerging growth company or its underwriter to communicate with "institutions that are accredited investors.".
Congress
112
Type
HAMDT
Latest Action Date
Mar 7, 2012
Latest Action Text
On agreeing to the Jackson Lee (TX) amendment (A007) Failed by voice vote.
Latest Action Time
17:35:47
Submitted Date
Mar 7, 2012
Chamber
House of Representatives
Update Date
Feb 3, 2022
Amendment 974 — Informed