The record

LegislationLegislation· Jun 2023
HR 835

Sponsored by J. French Hill (R)

Fair Investment Opportunities for Professional Experts Act

Would have let the SEC treat more people as accredited investors based on professional knowledge.

Tradeoff

Would have let more people buy private, unregistered securities by expanding who counts as an accredited investor. Those offerings skip the SEC registration rules that protect ordinary buyers.

What's in it

See official bill text
H.R. 835, Fair Investment Opportunities for Professional Experts Actwww.cbo.gov/publication/59224 · 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.

  1. House

    Introduced

    (Feb 6, 2023)

  2. House

    Committee on Financial Services(Feb 6, 2023)

  3. House

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

    Reported by (Apr 26, 2023)

    Committee report H. Rept. 118-87.

  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)