arrow_back Back to App

Easier Investment Access for Financially Knowledgeable Individuals

This act changes the rules for who can be considered an "accredited investor," opening new investment opportunities for individuals with relevant knowledge or licenses, regardless of their wealth. The goal is to increase access to certain types of investments for those who understand the risks. These changes may affect how qualified citizens can invest their money.
Key points
New criteria for "accredited investors" include individuals with broker or investment adviser licenses.
Individuals with demonstrable education or job experience in investment-related fields may also qualify as "accredited investors."
The changes aim to broaden the pool of individuals eligible to participate in certain types of investments previously mainly accessible to those with very high net worth.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_3328
Sponsor: Rep. Hill, J. French [R-AR-2]
Process start date: 2021-05-19
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Fair Investment Opportunities for Professional Experts Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3328.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-19.

What are the main provisions?

Key points include:

  • New criteria for "accredited investors" include individuals with broker or investment adviser licenses.
  • Individuals with demonstrable education or job experience in investment-related fields may also qualify as "accredited investors."
  • The changes aim to broaden the pool of individuals eligible to participate in certain types of investments previously mainly accessible to those with very high net worth.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Hill, J. French [R-AR-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Economy