118th Congress · HOUSE BILLBILL

H.R. 3572Securities Clarity Act

To amend the securities laws to exclude investment contract assets from the definition of a security.

Finance and financial sector
Introduced May 22, 2023
Last action May 22, 2023
Pipeline · Bill → Law
Step 1
Introduced
May 22, 2023
Step 2
Referred
May 22, 2023
Financial Services
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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, including a digital asset, sold pursuant to an investment contract that is not otherwise considered a security.

Provisions · 3 sectionsIntroduced in House
Timeline · 2 actions
May 22, 2023
Introduced in House
May 22, 2023
Referred to the House Committee on Financial Services.