To amend the securities laws to exclude investment contract assets from the definition of a security.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the securities laws to exclude investment contract assets from the definition of a security., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Criminal Justice, Housing.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HEF0DB71DEB3B430B832B32AD6CCBBC6D: 1. Short title This Act may be cited as the Securities Clarity Act.
- Section H7D5E15BD8A9747B587EBECF18376832B: 2. Sense of Congress; purpose It is the sense of Congress that— among the ways that participants in the digital asset industry have raised capital and earned...
- Section H407E5A00F04344B7B33A311F5FDB4428: 3. Treatment of investment contract assets Section 2(a) of the Securities Act of 1933 (15 U.S.C. 77b(a)) is amended— in paragraph (1), by adding at the end the...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the securities laws to exclude investment contract assets from the definition of a security., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Criminal Justice, Housing
Primary Purpose
This bill, To amend the securities laws to exclude investment contract assets from the definition of a security., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Tom Emmer
R-MN | Primary Sponsor
Legislative Progress
IntroducedMr. Emmer (for himself and Mr. Soto) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
Key Definitions
Terms defined in this bill
an asset, whether tangible or intangible, including assets in digital form— sold or otherwise transferred, or intended to be sold or otherwise transferred, pursuant to an investment contract
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology