Requires the Securities and Exchange Commission to revise its rules so companies can present their investment offerings at certain sponsored events without violating the ban on general solicitation.

• Directs the SEC, within 6 months of enactment, to revise Regulation D so the general solicitation ban does not cover presentations by issuers at qualifying events.
• Covers events sponsored by governments, colleges, nonprofits, angel investor groups, incubators, accelerators, and venture or trade groups, but not events held in religious facilities other than accredited higher education institutions.
• Requires sponsors to avoid giving investment advice or negotiating deals, to charge only reasonable administrative fees, and to provide attendees a one-page risk disclosure.
• States that attending such an event does not by itself create a pre-existing substantive relationship between an issuer and an investor under Rule 506(b).

• Financial Services Committee (House)
• Banking, Housing, and Urban Affairs Committee (Senate)

Finance and Financial Sector