CA SJR16

Urges U.S. Congress to establish a free online investor certification examination for accredited investor status, renewable every four years.

Addresses wealth gaps between minority and White families by removing financial means tests that restrict investment opportunities like pre-IPOs to wealthy individuals.

Proposes certification examination as alternative to SEC Rule 501 means testing and proposed school-based credential requirements that would burden disadvantaged communities.

States certification examination would enable retail investors to learn at their own pace while maintaining investor protection standards across all market participants.

Directs California Legislature to transmit resolution copies to the President, Vice President, and U.S. Congress members.