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US HB3394

Bill

Status

Engrossed

6/24/2025

Primary Sponsor

French Hill

Click for details

Origin

House of Representatives

119th Congress

AI Summary

  • Amends the Securities Act of 1933 to codify qualifications for "accredited investor" status, allowing individuals with net worth exceeding $1,000,000 (excluding primary residence) or individual income over $200,000 ($300,000 joint) for two consecutive years to participate in private securities offerings

  • Expands accredited investor eligibility to include licensed brokers and investment advisers in good standing with the SEC, self-regulatory organizations, or state securities divisions

  • Authorizes the SEC to designate additional individuals as accredited investors based on demonstrable education or job experience related to a particular investment, verified by a self-regulatory organization

  • Requires the SEC to adjust the $1,000,000 net worth and income thresholds for inflation every 5 years to the nearest $10,000, based on the Consumer Price Index for All Urban Consumers

  • Directs the SEC to revise Regulation D within 180 days of enactment to conform with the new statutory accredited investor definitions

Legislative Description

Fair Investment Opportunities for Professional Experts Act

Finance and financial sector

Last Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

6/24/2025

Committee Referrals

Banking, Housing, And Urban Affairs6/24/2025
Financial Services5/14/2025

Full Bill Text

No bill text available