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Fair Investment Opportunities for Professional Experts Act
12/15/2023, 3:54 PM
Congressional Summary of HR 835
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.
Read the Full Bill
Current Status of Bill HR 835
Bill HR 835 is currently in the status of Bill Introduced since February 6, 2023. Bill HR 835 was introduced during Congress 118 and was introduced to the House on February 6, 2023. Bill HR 835's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of June 6, 2023
Bipartisan Support of Bill HR 835
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
7Democrat Cosponsors
1Republican Cosponsors
6Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 835
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Financial services and investments
- Securities
Comments
Sponsors and Cosponsors of HR 835
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