The record

LegislationLegislation· Jun 2025
HR 3394 Passed House — in Senate

Sponsored by J. French Hill (R)

Fair Investment Opportunities for Professional Experts Act

Expands who qualifies as an accredited investor to include people with professional financial expertise.

Tradeoff

Allows more people to invest in private securities offerings without SEC registration. Relies on the SEC to verify professional qualifications through .

What's in it

See official bill text

The House passed this 397-12 on June 23, 2025. The bill is now in the Senate.

  1. House

    Introduced

    (May 14, 2025)

  2. House

    Committee on Financial Services(May 14, 2025)

  3. House

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

    Reported 45 - 1(May 20, 2025)

    Committee report H. Rept. 119-115.

  4. House

    On Motion to and Pass, as Amended

    Passed(Roll #173 · Jun 23, 2025)

    397 yeanay 12

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Jun 24, 2025)

Passage votes so far· Jun 23, 2025· 119th Congress · 2025–2027