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HOUSE 3394119th CongressReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Fair Investment Opportunities for Professional Experts Act

Last Action
6/24/2025

Actions

  • 2025-06-24Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2025-06-23Motion to reconsider laid on the table Agreed to without objection.
  • 2025-06-23On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 12 (Roll no. 173). (text: CR H2869-2870)
  • 2025-06-23Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 12 (Roll no. 173). (text: CR H2869-2870)
  • 2025-06-23Considered as unfinished business. (consideration: CR H2878-2879)
  • 2025-06-23At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  • 2025-06-23DEBATE - The House proceeded with forty minutes of debate on H.R. 3394.
  • 2025-06-23Considered under suspension of the rules. (consideration: CR H2869-2871)
  • 2025-06-23Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
  • 2025-06-03Placed on the Union Calendar, Calendar No. 85.
  • 2025-06-03Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.
  • 2025-06-03Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.
  • 2025-05-20Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 1.
  • 2025-05-20Committee Consideration and Mark-up Session Held
  • 2025-05-14Referred to the House Committee on Financial Services.

Showing 15 of 17 actions. Full history on Congress.gov.

CRS Summary

As of 2025-05-14 (00)

Fair Investment Opportunities for Professional Experts Act

This bill expands the eligibility criteria for an accredited investor for purposes of participating in private offerings of securities to include an individual determined by the Securities and Exchange Commission (SEC) to have qualifying professional knowledge through educational or professional experience. (Certain unregistered securities may only be offered to accredited investors.)

The bill also provides statutory authority for certain existing criteria for an accredited investor, including licensure or registration in good standing as a broker or investment adviser, specified annual salary, and specified net worth.

Further, the SEC is directed to revise the definition of accredited investor in Regulation D (which exempts certain offerings from SEC registration requirements) to conform to changes in this bill.

Cosponsors (3)

  • Juan Vargas (D-CA)
  • Warren Davidson (R-OH)
  • Pete Sessions (R-TX)

Subjects

  • Financial services and investments
  • Securities
Read on Congress.gov

Sourced from Congress.gov (public domain).

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