This bill directs the SEC to revise Regulation D, to not apply to angel investor groups unconnected to broker-dealers or investment advisers—where presentations or communications are made by or on behalf of an issuer, but: • the advertising does not refer to any specific offering of securities by the issuer; • the sponsor does not provide investment recommendation or advice to attendees, engage in investment negotiations with attendees, charge certain fees, or receive certain compensation; and • no specific information regarding a securities offering is communicated beyond the type and amount of securities being offered, the amount of securities already subscribed for, and the intended use of proceeds from the offering. Sponsor: Rep. Chabot, Steve [R-OH-1]
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