summary
Introduced
04/17/2023
04/17/2023
In Committee
04/17/2023
04/17/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th 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 individuals whose aggregate investment in securities without a public offering is not more than 10% of their net assets or annual income to be considered accredited investors. This expands the criteria for accredited investor status beyond the existing requirements related to income and net worth. The aim is to provide more individuals with the opportunity to participate in private investment opportunities.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 04/17/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/2652/all-info |
| BillText | https://www.congress.gov/118/bills/hr2652/BILLS-118hr2652ih.pdf |
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