Fair Investment Opportunities for Professional Experts Act

Hozzl · 2023-12-15T15:54:26Z

Explore the details of House Bill 835 Fair Investment Opportunities for Professional Experts Act 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, 3:54 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.

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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