Fair Investment Opportunities for Professional Experts Act
United States118th CongressHR-835House of Representatives
Updated: Jun 6, 2023
Summary
Fair Investment Opportunities for Professional Experts Act This bill expands the eligibility criteria for an accredited investor for purposes of participating in private offerings of securities to include an individual determined by the Securities and Exchange Commission (SEC) to have qualifying professional knowledge through educational or professional 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.
Bill texts
Timeline
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2717)
House of Representatives
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2717)
Motion to reconsider laid on the table Agreed to without objection.
House of Representatives
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Senate