Bill > HR3394

This bill expands the definition of an "accredited investor" under the Securities Act of 1933, which determines who can invest in certain unregistered securities. The bill adds several new categories of individuals who can be considered accredited investors, including: (1) people with a net worth exceeding $1,000,000 (excluding their primary residence's value and with specific rules about home-related debt), (2) individuals with an income over $200,000 individually or $300,000 jointly in the past two years with expectations of similar income in the current year, (3) currently licensed brokers or investment advisers in good standing with regulatory bodies, and (4) individuals the Securities and Exchange Commission (SEC) determines have professional knowledge of investments based on their education or job experience. The bill also requires the SEC to adjust the net worth threshold for inflation every five years and mandates that the SEC update its regulations within 180 days of the act's enactment to align with these new definitions. The goal is to provide more investment opportunities to professionals and individuals with demonstrated financial sophistication, while maintaining investor protections.

Business and Industry, Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/house-bill/3394/all-info