The record

LegislationLegislation· Jun 2023
HR 2797

Sponsored by Mike Flood (R)

Equal Opportunity for All Investors Act of 2023

Would have let people qualify as accredited investors by passing a federal test.

Tradeoff

Would have let people who pass an SEC-designed exam join private investments that are not publicly registered. Would have replaced some income and net-worth requirements with that test.

What's in it

See official bill text
H.R. 2797, Equal Opportunity for All Investors Act of 2023www.cbo.gov/publication/59187 · May 2023

The House passed this 383-18 on May 31, 2023. The Senate never voted on it before the Congress ended.

  1. House

    Introduced

    (Apr 24, 2023)

  2. House

    Committee on Financial Services(Apr 24, 2023)

  3. House

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

    Reported 42 - 1(Apr 26, 2023)

    Committee report H. Rept. 118-77.

  4. House

    On Motion to and Pass, as Amended

    Passed(Roll #244 · May 31, 2023)

    383 yeanay 18

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Jun 1, 2023)

Passage votes· May 31, 2023· 118th Congress · 2023–2025