Investment Opportunity Expansion Act

Hozzl · 2023-12-15T15:56:58Z

Explore the details of House Bill 2652 Investment Opportunity Expansion 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, 3:56 PM

Summary of Bill HR 2652

The Investment Opportunity Expansion Act, also known as Bill 118 hr 2652, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to expand investment opportunities for individuals and businesses in the United States.

One of the key provisions of the Investment Opportunity Expansion Act is the creation of new tax incentives for investors. These incentives are designed to encourage individuals and businesses to invest in new and emerging industries, as well as in underserved communities. By providing tax breaks for these types of investments, the bill aims to stimulate economic growth and create new job opportunities.

Additionally, the Investment Opportunity Expansion Act seeks to streamline the regulatory process for investors. This includes reducing the paperwork and red tape that can often hinder investment opportunities. By making it easier for individuals and businesses to invest, the bill hopes to attract more capital to the US economy and spur innovation and growth. Overall, the Investment Opportunity Expansion Act is aimed at promoting economic development and creating new opportunities for investors. By providing tax incentives and streamlining regulations, the bill seeks to encourage investment in new industries and underserved communities, ultimately leading to a stronger and more vibrant economy.

Congressional Summary of HR 2652

Investment Opportunity Expansion Act

This bill expands who may be considered an accredited investor for purposes of participating in private offerings of securities. (Certain unregistered securities may only be offered to accredited investors.) Specifically, the bill allows an individual to qualify if their aggregate investment in such a securities offering is not more than 10% of the individual's net assets or 10% of the individual's annual income, whichever is greater.

Current Status of Bill HR 2652

Bill HR 2652 is currently in the status of Bill Introduced since April 17, 2023. Bill HR 2652 was introduced during Congress 118 and was introduced to the House on April 17, 2023. Bill HR 2652's most recent activity was Referred to the House Committee on Financial Services. as of April 17, 2023

Bipartisan Support of Bill HR 2652

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 2652

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 2652

Investment Opportunity Expansion Act

To amend the Securities Act of 1933 to add additional investment thresholds for an individual to qualify as an accredited investor, and for other purposes.