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Fair Investment Opportunities for Professional Experts Act

USA117th CongressHR-3328| House 
| Updated: 5/19/2021
J. French Hill

J. French Hill

Republican Representative

Arkansas

Cosponsors (2)
David Schweikert (Republican)Byron Donalds (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Fair Investment Opportunities for Professional Experts Act This bill modifies the definition of accredited investor for purposes of participating in private offerings of securities to include an individual whose net worth or joint net worth with their spouse exceeds $1 million (adjusted for inflation), excluding from the calculation of their net worth their primary residence and a mortgage secured by that residence in certain circumstances; an individual whose income over the last two years exceeded $200,000 (adjusted for inflation) or joint spousal income exceeded $300,000 (adjusted for inflation) and who has a reasonable expectation of reaching the same income level in the current year; an individual who is licensed as a broker or investment advisor by certain regulatory entities; and an individual determined by the Securities and Exchange Commission (SEC) to have qualifying education or experience. (Certain unregistered securities may only be offered to accredited investors.) 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.
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Timeline

Bill from Previous Congress

HR 116-4762
Fair Investment Opportunities for Professional Experts Act

Bill from Previous Congress

HR 115-1585
Fair Investment Opportunities for Professional Experts Act
May 19, 2021
Introduced in House
May 19, 2021
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-4762
    Fair Investment Opportunities for Professional Experts Act


  • Bill from Previous Congress

    HR 115-1585
    Fair Investment Opportunities for Professional Experts Act


  • May 19, 2021
    Introduced in House


  • May 19, 2021
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Fair Investment Opportunities for Professional Experts Act

USA117th CongressHR-3328| House 
| Updated: 5/19/2021
Fair Investment Opportunities for Professional Experts Act This bill modifies the definition of accredited investor for purposes of participating in private offerings of securities to include an individual whose net worth or joint net worth with their spouse exceeds $1 million (adjusted for inflation), excluding from the calculation of their net worth their primary residence and a mortgage secured by that residence in certain circumstances; an individual whose income over the last two years exceeded $200,000 (adjusted for inflation) or joint spousal income exceeded $300,000 (adjusted for inflation) and who has a reasonable expectation of reaching the same income level in the current year; an individual who is licensed as a broker or investment advisor by certain regulatory entities; and an individual determined by the Securities and Exchange Commission (SEC) to have qualifying education or experience. (Certain unregistered securities may only be offered to accredited investors.) 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-4762
Fair Investment Opportunities for Professional Experts Act

Bill from Previous Congress

HR 115-1585
Fair Investment Opportunities for Professional Experts Act
May 19, 2021
Introduced in House
May 19, 2021
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-4762
    Fair Investment Opportunities for Professional Experts Act


  • Bill from Previous Congress

    HR 115-1585
    Fair Investment Opportunities for Professional Experts Act


  • May 19, 2021
    Introduced in House


  • May 19, 2021
    Referred to the House Committee on Financial Services.
J. French Hill

J. French Hill

Republican Representative

Arkansas

Cosponsors (2)
David Schweikert (Republican)Byron Donalds (Republican)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted