H.R. 3394 · 119th Congress · Finance and Financial Sector
Fair Investment Opportunities for Professional Experts Act
Expands accredited investor eligibility to include individuals with qualifying professional knowledge in securities offerings. AI-read
What it does
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.
Summary by the Congressional Research Service, May 14, 2025 (Introduced in House). CRS summarizes bills impartially; it does not take positions.
Roll call votes
| Date | Question | Party split (yea) | Result |
|---|---|---|---|
| Jun 23, 2025 House roll 172 |
On Motion to Suspend the Rules and Pass, as AmendedFair Investment Opportunities for Professional Experts Act | D 186–12 · R 211–0 |
Passed 397–12 |
Latest action
Jun 24, 2025 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.