To amend the securities laws to exclude investment contract assets from the definition of a security.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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