Fair Investment Opportunities for Professional Experts Act

12/15/2023, 3:54 PM

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.

Congress
118

Number
HR - 835

Introduced on
2023-02-06

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

6/6/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and 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.


Policy Areas
Finance and Financial Sector

Potential Impact
Financial services and investments
Securities

Comments

Recent Activity

Latest Summary9/18/2023

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 dete...


Latest Action6/6/2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.