Legis Daily

Equal Opportunity for All Investors Act of 2021

USA117th CongressHR-4776| House 
| Updated: 7/28/2021
Patrick T. McHenry

Patrick T. McHenry

Republican Representative

North Carolina

Cosponsors (1)
Byron Donalds (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Equal Opportunity for All Investors Act of 2021 This bill expands 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. Specifically, the bill allows an individual to qualify through an examination established by the Securities and Exchange Commission. The examination must ensure that to be designated as an accredited investor, an individual understands and appreciates the risks of investing in private companies; must be designed to ensure that an individual with financial sophistication or training would be unlikely to fail; and may be administered by a registered national securities association. Currently, accredited investors must satisfy certain requirements indicating their reduced exposure to financial risk, including those related to income, net worth, or knowledge and experience.
View Full Text

Suggested Questions

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

Timeline
Jul 28, 2021
Introduced in House
Jul 28, 2021
Referred to the House Committee on Financial Services.
Apr 5, 2022

Latest Companion Bill Action

S 117-3921
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • July 28, 2021
    Introduced in House


  • July 28, 2021
    Referred to the House Committee on Financial Services.


  • April 5, 2022

    Latest Companion Bill Action

    S 117-3921
    Committee on Banking, Housing, and Urban Affairs. Hearings held.

Finance and Financial Sector

Equal Opportunity for All Investors Act of 2021

USA117th CongressHR-4776| House 
| Updated: 7/28/2021
Equal Opportunity for All Investors Act of 2021 This bill expands 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. Specifically, the bill allows an individual to qualify through an examination established by the Securities and Exchange Commission. The examination must ensure that to be designated as an accredited investor, an individual understands and appreciates the risks of investing in private companies; must be designed to ensure that an individual with financial sophistication or training would be unlikely to fail; and may be administered by a registered national securities association. Currently, accredited investors must satisfy certain requirements indicating their reduced exposure to financial risk, including those related to income, net worth, or knowledge and experience.
View Full Text

Suggested Questions

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

Timeline
Jul 28, 2021
Introduced in House
Jul 28, 2021
Referred to the House Committee on Financial Services.
Apr 5, 2022

Latest Companion Bill Action

S 117-3921
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • July 28, 2021
    Introduced in House


  • July 28, 2021
    Referred to the House Committee on Financial Services.


  • April 5, 2022

    Latest Companion Bill Action

    S 117-3921
    Committee on Banking, Housing, and Urban Affairs. Hearings held.
Patrick T. McHenry

Patrick T. McHenry

Republican Representative

North Carolina

Cosponsors (1)
Byron Donalds (Republican)

Financial Services Committee

Finance and Financial Sector

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