H.R. 3991
A BILL TO AMEND THE SECURITIES ACT OF 1933 TO AUTHORIZE
ISSUERS TO SELL CERTAIN SECURITIES TO ACCREDITED IN-
VESTORS WITHOUT FILING A REGISTRATION STATEMENT
UNDER SUCH ACT, TO AMEND THE INVESTMENT COMPANY ACT
OF 1940 TO GRANT AN EXEMPTION FROM SUCH ACT TO CER-
TAIN ISSUERS WHICH ENGAGE IN THE BUSINESS OF FURNISH.
ING CAPITAL OR PROVIDING FINANCING FOR BUSINESS
VENTURES AND ACTIVITIES, AND FOR OTHER PURPOSES

NOVEMBER 7 AND 8, 1979

Serial No. 96-85

Printed for the use of the
Committee on Interstate and Foreign Commerce

U.S. GOVERNMENT PRINTING OFFICE