Fair Investment Opportunities for Professional Experts Act
H.R. 3394119th CongressFinance and Financial Sector
- Introduced
- May 14, 2025
- Latest action
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jun 24, 2025
Recorded votes
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houseH.R. 3394
Fair Investment Opportunities for Professional Experts ActFast-track passagePassed397–12
Summary
Written by the nonpartisan Congressional Research Service.
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.