Fair Investment Opportunities for Professional Experts Act

Hozzl · 2025-06-26T06:53:19Z

Explore the details of House Bill 3394 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.

6/26/2025, 6:53 AM

Summary of Bill HR 3394

This bill, designated as H.R. 3394 in the 119th Congress and introduced on May 14, 2025, aims to amend the Securities Act of 1933 to establish specific criteria for categorizing individuals as accredited investors within the realm of securities laws.

Congressional Summary of HR 3394

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 bill also provides statutory authority for certain existing criteria for an accredited investor, including licensure or registration in good standing as a broker or investment adviser, specified annual salary, and specified net worth.

Further, 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 3394

Bill HR 3394 is currently in the status of Introduced to Senate since June 24, 2025. Bill HR 3394 was introduced during Congress 119 and was introduced to the House on May 14, 2025. Bill HR 3394'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 24, 2025