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

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.