Velázquez (NY)

#1

REVISED Requires the event sponsor to provide attendees with a written disclosure outlining the nature of the event and the risks of investing in the securities for sale. It would also clarify that attendance at an event does not in itself does not establish a pre-existing relationship for purposes of Rule 506(b).

Waters (CA)

#2

Limits the types of fees "demo day" sponsors can collect and requires an issuer to be a real business.