S1770 passed the NJ Senate this afternoon 36-0 exempting
investment clubs with less than $35,000 in assets/member
from the $150/member partner fee adopted last year.

Ira Smilovitz

Thanks Ira, for sharing that information. So what does that mean for the
rest of us? What are the options for clubs with over $35,000? And what are
the chances that other states will pass this type of bill?

Lynn Ostrem