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THE LEADING ADVOCATE FOR PORTFOLIO DIVERSIFYING INVESTMENTS

The IPA is the leading voice on critical legislative and regulatory issues affecting the Portfolio Diversifying Investments (PDI) industry. Our Policy and Government Affairs Committee coordinates the resources of the IPA and its members to create opportunities for the advancement of IPA objectives via the regulatory and political process.

Through policy advocacy, we communicate directly with state and federal lawmakers and industry regulators, educating them about the distinct positive attributes of PDIs.  The IPA Policy and Government Affairs Committee regularly monitors and develops policy action plans.

ADVOCACY NEWS

2020 CURRENT ISSUES

POLICY ADVOCACY THAT ADVANCES THE INDUSTRY

The IPA coordinates the resources of its members to create opportunities for the advancement of industry objectives through established regulatory and political processes. We continue to raise awareness of PDIs to legislators and regulatory officials alike, clearly communicating the distinct attributes our products can offer the investing public.

Below are the IPA’s current policy priorities:

1

RETIREMENT SAVINGS

Address opportunities for including real assets in defined contribution and retirement accounts. Work with the Department of Labor, Securities and Exchange Commission (SEC), market participants and coalition partners to support broader adoption.
2

SEC HARMONIZATION INITIATIVE

Support expansion of the accredited investor definition and advocate for additional changes addressed in the SEC’s harmonization proposal, including expansion of private exemptions, defined contribution access, and closed end fund reforms.
3

FIDUCIARY STANDARDS

Continue to support implementation of the SEC’s “Regulation Best Interest” and a re-proposed DOL fiduciary rule that aligns with Regulation Best Interest. Oppose additional and conflicting state fiduciary standards.
4

FIRPTA

Support initiatives regarding the Foreign Investment in Real Property Tax Act of 1980, including an expansion of the publicly traded exception to include publicly offered stock, withdrawal of Section 2 of IRS Notice 2007-55, and repeal of FIRPTA.
5

1031 LIKE-KIND EXCHANGES

Support education and advocacy on the value and importance of 1031 like-kind exchanges. Oppose efforts to repeal 1031 exchange transactions.
6

OPPORTUNITY ZONES

Continue to support a strong and transparent marketplace for opportunity zones, as established by the 2017 Tax Cuts and Jobs Act. Work with coalition partners in opposing legislation to restrict or repeal opportunity zone, and support further extension of the program.
7

REGULATORY GUIDANCE

Continue to work with federal and state regulators on issues impacting the PDI industry, including sales of DPP products through discretionary accounts, S-11/Guide 5 revisions, and Section 199A guidance.
8

EDUCATE AND INFORM

Undertake research, data initiatives and educational opportunities to inform industry participants, new entrants, regulators and legislators about alternative investment strategies, best practice guidelines, and market evolution.
ELECTRONIC SIGNATURE

State Law On Electronic Documents and Signature

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This map contains information provided to the IPA by state securities agencies regarding the use of electronic documents and electronic signature, including adoption or approval of the NASAA Statement of Policy on Electronic Offering Documents and Electronic Signature (“NASAA SOP”), click here to view.  NASAA Membership adopted the NASAA SOP on May 8, 2017 at the 2017 NASAA Spring Conference in Washington, D.C.  The information provided herein does not constitute legal advice, and is provided in summary format.  This map will continue to be updated as further information is made available.  The contents herein may not be modified or reproduced without the express prior written permission of the IPA.

INDUSTRY GUIDELINES

Bringing Industry Together on Best Practice Guidelines

The IPA is committed to providing Best Practice Guidelines on significant industry issues. Best Practice Guidelines are a set of voluntary best practices designed to advance the Portfolio Diversifying Investments (PDI) industry.

A guideline development process has been established to ensure that IPA members, experts, interested industry participants and relevant agencies inform the deliberative process and have input in the final content of each guideline. During the Guideline Development Process, IPA members will have an opportunity to provide input and comments during the development stages. The Advisor team of each guideline will receive comments and respond accordingly.

COMMENT LETTERS

ACTIVE VOICE ON CRITICAL LEGISLATIVE AND REGULATORY ISSUES

The IPA is the leading voice on critical legislative and regulatory issues affecting the Portfolio Diversifying Investments (PDI) industry. Our Policy and Government Affairs Committee coordinates the resources of the IPA and its members to create opportunities for the advancement of IPA objectives via the regulatory and political process.

 Through policy advocacy, we communicate directly with state and federal lawmakers and industry regulators, educating them about the distinct positive attributes of PDIs.  The IPA Policy and Government Affairs Committee regularly monitors and develops political action plans.

2020

2019

2017