Bill > HR3328

This bill amends the Securities Act of 1933 to update the definition of an "accredited investor." It expands the criteria for individuals to qualify as accredited investors, including those with a net worth exceeding $1 million (excluding their primary residence), an individual income over $200,000 or joint income over $300,000 in the past two years, and those licensed or registered as brokers, investment advisors, or with relevant professional knowledge verified by a self-regulatory organization. The Securities and Exchange Commission is required to revise its regulations to align with these new accredited investor criteria.