Sec. 3. Treatment of investment contract assets
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/bill/116/hr/8378/ih/section-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 following: The term ; and security does not include an investment contract asset. by adding at the end the following: The term investment contact asset means 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; and that is not otherwise a security pursuant to the first sentence of paragraph (1). .
Section 202(a)(18) of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–2(a)(18) ) is amended by adding at the end the following: The term . security does not include an investment contract asset (as such term is defined under section 2(a) of the Securities Act of 1933). Section 2(a)(36) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–2(a)(36) ) is amended by adding at the end the following: The term . security does not include an investment contract asset (as such term is defined under section 2(a) of the Securities Act of 1933).
Section 3(a)(10) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a)(10) ) is amended by adding at the end the following: The term . security does not include an investment contract asset (as such term is defined under section 2(a) of the Securities Act of 1933). Section 16(14) of the Securities Investor Protection Act of 1970 ( 15 U.S.C. 78lll(14) ) is amended by adding at the end the following: The term . security does not include an investment contract asset (as such term is defined under section 2(a) of the Securities Act of 1933).
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- 15 USC 80b–2(a)(18)
- 15 USC 80a–2(a)(36)
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Sec. 3
Treatment of investment contract assets
Cite15 USC 80b–2(a)(18)
Cite15 USC 80a–2(a)(36)
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