The CFTC also requires a specific disclaimer to be added to the offering document, while the SEC has no similar requirement.

FORBES: CFTC Registration Adds Additional Regulatory Layer for Hedge Funds

The new interpretation changes the way in which the SEC enforces its requirement to disclose anything that makes an offering risky or speculative.

CENTERFORSECURITYPOLICY: Center for Security Policy | The Economist Labels National Security as New Material Risk Factor In the Offerings of Foreign Firms on U.S. Capital Markets

From a policy standpoint, does the White House feel that offering these states this flexibility has somehow undermined the work requirement?

WHITEHOUSE: Press Briefing by Press Secretary Jay Carney,