Legis Daily

Informed Investor Access Act

USA119th CongressHR-9574| House 
| Updated: 7/2/2026
Troy Downing

Troy Downing

Republican Representative

Montana

Cosponsors (2)
Michael Lawler (Republican)Tim Moore (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The "Informed Investor Access Act" proposes to significantly broaden the definition of an accredited investor within the Securities Act of 1933. This legislation aims to allow more individuals to qualify for certain investment opportunities by recognizing their access to professional financial guidance. Specifically, the bill amends the definition to include any natural person who an issuer reasonably believes is receiving personalized investment advice or recommendations for a transaction. This advice must come from either an investment adviser registered with the Securities and Exchange Commission (SEC) or a supervised person thereof, or a broker or dealer registered with the SEC or an associated person acting on their behalf. The bill also mandates that the SEC revise its regulations to conform to this expanded definition, ensuring consistent application across all relevant rules.
View Full Text

Suggested Questions

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

Timeline
Jul 2, 2026
Introduced in House
Jul 2, 2026
Referred to the House Committee on Financial Services.
  • July 2, 2026
    Introduced in House


  • July 2, 2026
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Informed Investor Access Act

USA119th CongressHR-9574| House 
| Updated: 7/2/2026
The "Informed Investor Access Act" proposes to significantly broaden the definition of an accredited investor within the Securities Act of 1933. This legislation aims to allow more individuals to qualify for certain investment opportunities by recognizing their access to professional financial guidance. Specifically, the bill amends the definition to include any natural person who an issuer reasonably believes is receiving personalized investment advice or recommendations for a transaction. This advice must come from either an investment adviser registered with the Securities and Exchange Commission (SEC) or a supervised person thereof, or a broker or dealer registered with the SEC or an associated person acting on their behalf. The bill also mandates that the SEC revise its regulations to conform to this expanded definition, ensuring consistent application across all relevant rules.
View Full Text

Suggested Questions

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

Timeline
Jul 2, 2026
Introduced in House
Jul 2, 2026
Referred to the House Committee on Financial Services.
  • July 2, 2026
    Introduced in House


  • July 2, 2026
    Referred to the House Committee on Financial Services.
Troy Downing

Troy Downing

Republican Representative

Montana

Cosponsors (2)
Michael Lawler (Republican)Tim Moore (Republican)

Financial Services Committee

Finance and Financial Sector

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