An amendment numbered 12 printed in House Report 112-409 to increase the total number of investors and limit the number of non-accredited investors allowed to be holders of record before registration is required.
What it does: Replaces “by 1,000 persons, and” with new text
Rep. Brad Miller (D-NC)Description
Amendment increases the exception from SEC registration to 2,000 investors, provided that no more than 500 are not accredited investors.
What it changes
1 change to H.R. 3606
We couldn't match these changes to the text of H.R. 3606, so they're shown as written.
Replaces “by 1,000 persons, and” with new text
Struck: by 1,000 persons, and
Inserted: by either--
Inserted: "(i) 2,000 persons, or
Inserted: "(ii) 500 persons who are not accredited investors (as such term is defined by the Commission), and".
Original wording
Page 36, line 25, strike “by 1,000 persons, and” and insert “by either--
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
Page 36, line 25, strike “by 1,000 persons, and” and insert “by either--
“(i) 2,000 persons, or
“(ii) 500 persons who are not accredited investors (as such term is defined by the Commission), and”.
Legislative Activity
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House amendment offered
March 8, 2012
View full timeline
House amendment offered
March 8, 2012
Amendment agreed to Committee of the Whole
March 8, 2012 • 10:32 AM
House amendment agreed to: On agreeing to the Miller (NC) amendment (A012) Agreed to by voice vote.
March 8, 2012 • 10:32 AM
House amendment offered/reported by: Amendment (A012) offered by Mr. Miller (NC).(consideration: CR H1278-1279; text: CR H1278)
March 8, 2012 • 10:28 AM
Amendment (A012) offered by Mr. Miller (NC). (consideration: CR H1278-1279; text: CR H1278)
March 8, 2012 • 10:28 AM
On agreeing to the Miller (NC) amendment (A012) Agreed to by voice vote.
March 8, 2012 • 10:32 AM