On the recordJuly 21, 2025
Compared to investing in publicly traded securities, private securities contain lots of risks. They are less liquid, harder to value, and are more volatile than their public counterparts. It is, therefore, essential that anyone investing in these products fully understand the risks involved, just as prospective drivers must pass a written test displaying they understand the rules and dangers of the road before they are given access to a car. This bill puts that commonsense principle into practice by creating an SEC-administered test investors can take if they want to invest in private securities. In doing so, we adequately balance investor protection while providing folks with sufficient freedom to do what they please with their hard-earned dollars. I urge my colleagues to support this bill, and I yield back the balance of my time.
Source
govinfo.gov
