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Changes to 'Accredited Investor' Definition: New Opportunities for Citizens

This act expands the group of individuals who can be considered 'accredited investors,' opening doors to investing in certain types of ventures. This means more people with relevant financial certifications or qualifications will be able to participate in investments previously only available to high-income or high-net-worth individuals. The act also introduces regular reviews of these qualifications to keep the definition current.
Key points
More individuals with relevant financial certifications can qualify as 'accredited investors,' granting them access to broader investment opportunities.
The Securities and Exchange Commission will regularly review and update the list of accepted certifications to ensure the 'accredited investor' definition remains current and protects investors.
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Expired
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Additional Information
Print number: 117_HR_4708
Sponsor: Rep. Huizenga, Bill [R-MI-2]
Process start date: 2021-07-27
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Accredited Investor Definition Review Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4708.

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 2021-07-27.

What are the main provisions?

Key points include:

  • More individuals with relevant financial certifications can qualify as 'accredited investors,' granting them access to broader investment opportunities.
  • The Securities and Exchange Commission will regularly review and update the list of accepted certifications to ensure the 'accredited investor' definition remains current and protects investors.
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. Huizenga, Bill [R-MI-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 2025-12-28.

CATEGORIES

Economy