summary
Introduced
12/02/2022
12/02/2022
In Committee
12/02/2022
12/02/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL 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.
AI Summary
This bill amends the Securities Act of 1933 to add an additional investment threshold for an individual to qualify as an "accredited investor." Specifically, it allows an individual to qualify as an accredited investor if their aggregate investment in securities with no public offering is not more than 10 percent of the greater of their net assets or annual income. This change is intended to expand investment opportunities for individuals who do not meet the existing accredited investor criteria, which are based on net worth and income thresholds.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 12/02/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/9405/all-info | 12/10/2022 |
| BillText | https://www.congress.gov/117/bills/hr9405/BILLS-117hr9405ih.pdf | 12/10/2022 |
| Bill | https://www.congress.gov/117/bills/hr9405/BILLS-117hr9405ih.pdf.pdf | 12/10/2022 |
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