Legis Daily

Accredited Investor Definition Review Act

USA119th CongressHR-3348| House 
| Updated: 6/4/2025
Bill Huizenga

Bill Huizenga

Republican Representative

Michigan

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This legislation, titled the Accredited Investor Definition Review Act, amends the Securities Act of 1933 to broaden the definition of an accredited investor . It specifically allows individuals holding certain professional certifications, designations, or credentials, as determined by the Securities and Exchange Commission (SEC), to qualify. The bill requires the SEC to include professional certifications from a 2020 order and to consider broad attributes when establishing criteria for new qualifying designations. Additionally, the bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act by mandating the SEC to conduct periodic reviews of these designated certifications. The initial review must occur within 18 months of enactment, with subsequent reviews taking place at least every five years. During these reviews, the SEC is directed to add certifications that are substantially similar in measuring financial sophistication and to modify the list as necessary for public interest or investor protection.

Bill Text Versions

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2 versions available

Suggested Questions

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Timeline

Bill from Previous Congress

HR 117-4708
Accredited Investor Definition Review Act

Bill from Previous Congress

HR 118-1579
Accredited Investor Definition Review Act
May 13, 2025
Introduced in House
May 13, 2025
Referred to the House Committee on Financial Services.
May 20, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 16.
May 20, 2025
Committee Consideration and Mark-up Session Held
Jun 4, 2025
Placed on the Union Calendar, Calendar No. 103.
Jun 4, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-134.
  • Bill from Previous Congress

    HR 117-4708
    Accredited Investor Definition Review Act


  • Bill from Previous Congress

    HR 118-1579
    Accredited Investor Definition Review Act


  • May 13, 2025
    Introduced in House


  • May 13, 2025
    Referred to the House Committee on Financial Services.


  • May 20, 2025
    Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 16.


  • May 20, 2025
    Committee Consideration and Mark-up Session Held


  • June 4, 2025
    Placed on the Union Calendar, Calendar No. 103.


  • June 4, 2025
    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-134.

Finance and Financial Sector

Administrative law and regulatory proceduresFinancial services and investmentsLicensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)

Accredited Investor Definition Review Act

USA119th CongressHR-3348| House 
| Updated: 6/4/2025
This legislation, titled the Accredited Investor Definition Review Act, amends the Securities Act of 1933 to broaden the definition of an accredited investor . It specifically allows individuals holding certain professional certifications, designations, or credentials, as determined by the Securities and Exchange Commission (SEC), to qualify. The bill requires the SEC to include professional certifications from a 2020 order and to consider broad attributes when establishing criteria for new qualifying designations. Additionally, the bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act by mandating the SEC to conduct periodic reviews of these designated certifications. The initial review must occur within 18 months of enactment, with subsequent reviews taking place at least every five years. During these reviews, the SEC is directed to add certifications that are substantially similar in measuring financial sophistication and to modify the list as necessary for public interest or investor protection.

Bill Text Versions

View Text
2 versions available

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 117-4708
Accredited Investor Definition Review Act

Bill from Previous Congress

HR 118-1579
Accredited Investor Definition Review Act
May 13, 2025
Introduced in House
May 13, 2025
Referred to the House Committee on Financial Services.
May 20, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 16.
May 20, 2025
Committee Consideration and Mark-up Session Held
Jun 4, 2025
Placed on the Union Calendar, Calendar No. 103.
Jun 4, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-134.
  • Bill from Previous Congress

    HR 117-4708
    Accredited Investor Definition Review Act


  • Bill from Previous Congress

    HR 118-1579
    Accredited Investor Definition Review Act


  • May 13, 2025
    Introduced in House


  • May 13, 2025
    Referred to the House Committee on Financial Services.


  • May 20, 2025
    Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 16.


  • May 20, 2025
    Committee Consideration and Mark-up Session Held


  • June 4, 2025
    Placed on the Union Calendar, Calendar No. 103.


  • June 4, 2025
    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-134.
Bill Huizenga

Bill Huizenga

Republican Representative

Michigan

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresFinancial services and investmentsLicensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)