Bill
Bill > HR2773
US HR2773
US HR2773To amend the definition of an accredited investor to include individuals receiving advice from certain professionals, and for other purposes.
summary
Introduced
04/20/2023
04/20/2023
In Committee
04/20/2023
04/20/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the definition of an accredited investor to include individuals receiving advice from certain professionals, and for other purposes.
AI Summary
This bill amends the definition of an "accredited investor" under the Securities Act of 1933 to include individuals who receive individualized investment advice or recommendations from certain financial professionals. The bill specifies that the terms "investment advice" and "investment recommendation" should be interpreted consistently with existing definitions under the Investment Advisers Act of 1940 and Securities and Exchange Commission regulations. The Securities and Exchange Commission is also required to update its regulations on the definition of "accredited investor" to align with the changes made by this bill.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 04/20/2023)
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/2773/all-info |
| BillText | https://www.congress.gov/118/bills/hr2773/BILLS-118hr2773ih.pdf |
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