summary
Introduced
02/06/2023
02/06/2023
In Committee
04/26/2023
04/26/2023
Crossed Over
06/06/2023
06/06/2023
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Securities Act of 1933 to codify certain qualifications of individuals as accredited investors for purposes of the securities laws.
AI Summary
This bill amends the Securities Act of 1933 to expand the definition of "accredited investor" - individuals who meet certain wealth and income criteria that allow them to participate in certain investment opportunities that are not available to the general public. The key provisions include: 1) Increasing the net worth threshold for individuals to be considered accredited investors from $1 million to $1 million, adjusting for inflation every 5 years; 2) Adding new criteria for individuals to qualify as accredited investors based on income levels and professional expertise/licensing in the securities industry; and 3) Requiring the Securities and Exchange Commission (SEC) to revise its regulations to align with these changes to the accredited investor definition.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (8)
French Hill (R)*,
Warren Davidson (R),
Byron Donalds (R),
Tom Emmer (R),
Mike Lawler (R),
David Schweikert (R),
Bryan Steil (R),
Juan Vargas (D),
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 06/06/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/835/all-info |
| BillText | https://www.congress.gov/118/bills/hr835/BILLS-118hr835rh.pdf |
| BillText | https://www.congress.gov/118/bills/hr835/BILLS-118hr835eh.pdf |
| BillText | https://www.congress.gov/118/bills/hr835/BILLS-118hr835ih.pdf |
Loading...