summary
Introduced
01/31/2024
01/31/2024
In Committee
01/31/2024
01/31/2024
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 a new threshold for individuals to qualify as accredited investors, which allows them to participate in certain investment opportunities that are not publicly offered. The new threshold allows individuals to invest up to 10 percent of their net assets or annual income in such securities, provided the total investment does not exceed that amount. This expansion of the accredited investor definition aims to provide more individuals with the opportunity to access these types of investment products.
Committee Categories
Housing and Urban Affairs
Sponsors (3)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 01/31/2024)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Securities and Commodities Regulation
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/118th-congress/senate-bill/3709/all-info | 02/01/2024 |
| BillText | https://www.congress.gov/118/bills/s3709/BILLS-118s3709is.pdf | 02/12/2024 |
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