The record

LegislationLegislation· Jun 2023
HR 1579

Sponsored by Bill Huizenga (R)

Accredited Investor Definition Review Act

Would have let the SEC add new credentials that qualify investors for private offerings.

Tradeoff

Would have let the SEC accept more credentials as proof of investor sophistication. Would have required the SEC to re-review that list every five years.

What's in it

See official bill text
H.R. 1579, Accredited Investor Definition Review Actwww.cbo.gov/publication/59213 · May 2023

The House passed this by on June 5, 2023. The Senate never voted on it before the Congress ended, so the bill expired with the 118th Congress.

  1. House

    Introduced

    (Mar 14, 2023)

  2. House

    Committee on Financial Services(Mar 14, 2023)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 41 - 2(Apr 26, 2023)

    Committee report H. Rept. 118-92.

  4. House

    Passage of the bill

    Passed by (Jun 5, 2023)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Jun 6, 2023)