H.R. 5910 · 117th Congress
Holding SPACs Accountable Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
San NicolasSponsorNo cosponsors.
This bill revises the exclusion from safe harbor protections from liability applicable to forward-looking statements (i.e., statements that predict, project, or use future events as expectations or possibilities) made in connection with certain investments.
What it does: CRS summary · Introduced in House · Nov 9, 2021
Holding SPACs Accountable Act of 2021
This bill revises the exclusion from safe harbor protections from liability applicable to forward-looking statements (i.e., statements that predict, project, or use future events as expectations or possibilities) made in connection with certain investments. Specifically, it excludes from the safe harbor a development stage company that has no specific business plan or purpose or has indicated that its business plan is to acquire or merge with an unidentified company, entity, or person (e.g., a special purpose acquisition company).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Holding SPACs Accountable Act of 2021
Latest action (Nov 16, 2021): Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Nov 9, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.