This legislation amends the Securities Act of 1933 to codify and expand the definition of an accredited investor . It outlines new financial criteria for natural persons, including an individual net worth exceeding $1,000,000 (excluding primary residence with specific mortgage debt rules) or an individual income over $200,000 (or joint income over $300,000) for the past two years with a reasonable expectation for the current year. These financial thresholds will be adjusted for inflation every five years by the Commission. The bill further expands the definition to include natural persons who are licensed or registered as a broker or investment adviser by the SEC, a self-regulatory organization, or a State securities division, provided they are in good standing. Additionally, it allows for the inclusion of individuals whom the SEC determines, through regulation, possess demonstrable education or job experience related to investments, verified by a self-regulatory organization. The Securities and Exchange Commission is mandated to revise its Regulation D within 180 days to conform with these new qualifications.