Investment Opportunity Expansion Act
- Last Action
- 4/17/2023
Actions
- 2023-04-17Referred to the House Committee on Financial Services.
- 2023-04-17Introduced in House
- 2023-04-17Introduced in House
CRS Summary
As of 2023-04-17 (00)
Investment Opportunity Expansion Act
This bill expands who may be considered an accredited investor for purposes of participating in private offerings of securities. (Certain unregistered securities may only be offered to accredited investors.) Specifically, the bill allows an individual to qualify if their aggregate investment in such a securities offering is not more than 10% of the individual's net assets or 10% of the individual's annual income, whichever is greater.
Sourced from Congress.gov (public domain).
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