To amend the definition of an accredited investor to include individuals receiving advice from certain professionals, and for other purposes.

Hozzl · 2023-12-15T15:57:16Z

Explore the details of House Bill 2773 To amend the definition of an accredited investor to include individuals receiving advice from certain professionals, and for other purposes. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/15/2023, 3:57 PM

Summary of Bill HR 2773

Bill 118 hr 2773, titled "To amend the definition of an accredited investor to include individuals receiving advice from certain professionals, and for other purposes," aims to expand the definition of an accredited investor in the United States. Currently, an accredited investor is defined as an individual with a net worth of at least $1 million or an annual income of at least $200,000.

This bill proposes to include individuals who receive advice from certain professionals in the definition of an accredited investor. This would allow individuals who may not meet the current financial thresholds to still qualify as accredited investors if they are receiving advice from professionals such as financial advisors, accountants, or attorneys.

The bill seeks to provide more opportunities for individuals to participate in investment opportunities that are typically reserved for accredited investors. By expanding the definition of an accredited investor, the bill aims to promote greater access to capital and investment opportunities for a wider range of individuals. In addition to amending the definition of an accredited investor, the bill also includes provisions for other purposes that are not specified in the summary. It is important to note that this summary provides a factual overview of the key points of the bill and does not include any analysis or opinions.

Congressional Summary of HR 2773

This bill amends the definition of an accredited investor in the context of selling and purchasing securities to include those individuals receiving investment advice from a person with professional certifications, as determined by the Securities and Exchange Commission.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 2773

Bill HR 2773 is currently in the status of Bill Introduced since April 20, 2023. Bill HR 2773 was introduced during Congress 118 and was introduced to the House on April 20, 2023. Bill HR 2773's most recent activity was Referred to the House Committee on Financial Services. as of April 20, 2023

Bipartisan Support of Bill HR 2773

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 2773

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 2773

To amend the definition of an accredited investor to include individuals receiving advice from certain professionals, and for other purposes.To amend the definition of an accredited investor to include individuals receiving advice from certain professionals, and for other purposes.

Start holding our government accountable!