United StatesAccredited Investor Definition Review Act
What it does
This bill revises who may be considered an accredited investor for purposes of participating in private offerings of securities. Certain unregistered securities may only be offered to accredited investors.
More detail
Specifically, the bill allows the Securities and Exchange Commission (SEC) discretion in determining what certifications, designations, or credentials investors must possess for purposes of investor protection, provided that the credentials are at least as broad as the existing regulations and include those professional licenses currently approved by the SEC. Additionally, the SEC must review these credentials every five years.
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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 4Reported (Amended) by the Committee on Financial Services. H. Rept. 119-134.Latest
- Jun 4Placed on the Union Calendar, Calendar No. 103.
- May 20Committee Consideration and Mark-up Session Held
- May 20Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 16.
- May 13Introduced in House
- May 13Referred to the House Committee on Financial Services.Introduced