Sec. 4. Regulation D changes
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/bill/115/s/1962/is/section-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 90 days after the date of enactment of this Act, the Securities and Exchange Commission shall— amend section 230.501(a) of title 17, Code of Federal Regulations, so that, for purposes of calculating net worth under paragraph (a)(5) of that section, the primary residence of a person shall be included as an asset; and revise section 230.506(b)(2)(i) of title 17, Code of Federal Regulations, to change the limitation on the number of purchasers contained in the section from 35 to 70.