United StatesFair Investment Opportunities for Professional Experts Act
What it does
This bill expands the eligibility criteria for an accredited investor for purposes of participating in private offerings of securities to include an individual determined by the Securities and Exchange Commission (SEC) to have qualifying professional knowledge through educational or professional experience. (Certain unregistered securities may only be offered to accredited investors.)
More detail
The bill also provides statutory authority for certain existing criteria for an accredited investor, including licensure or registration in good standing as a broker or investment adviser, specified annual salary, and specified net worth.
Further, the SEC is directed to revise the definition of accredited investor in Regulation D (which exempts certain offerings from SEC registration requirements) to conform to changes in this bill.
Where do you stand?
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jun 24Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Latest
- Jun 23Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
- Vote recorded On Motion to Suspend the Rules and Pass, as Amended. Result: Passed.House
- Jun 23Considered under suspension of the rules. (consideration: CR H2869-2871)
- Jun 23DEBATE - The House proceeded with forty minutes of debate on H.R. 3394.
- Jun 23At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- Jun 23Considered as unfinished business. (consideration: CR H2878-2879)
- Jun 23Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 12 (Roll no. 173). (text: CR H2869-2870)Passed House
- Jun 23Motion to reconsider laid on the table Agreed to without objection.
- Jun 3Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.
- Jun 3Placed on the Union Calendar, Calendar No. 85.
- May 20Committee Consideration and Mark-up Session Held
- May 20Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 1.
- May 14Introduced in House
- May 14Referred to the House Committee on Financial Services.Introduced