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New Investor Rules: Exams for Understanding Investment Risks

This act introduces a mandatory examination for individuals seeking to be recognized as "accredited investors" to invest in private companies. The goal is to ensure investors understand the risks involved in such investments, potentially protecting them from uninformed losses. These changes will take effect two years after the act is passed.
Key points
Introduction of an examination for individuals wishing to invest in private companies to confirm their understanding of risks.
The exam is designed to be passable for individuals with financial sophistication.
Aims to better protect investors by increasing their awareness of investment risks.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_4776
Sponsor: Rep. McHenry, Patrick T. [R-NC-10]
Process start date: 2021-07-28
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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

Equal Opportunity for All Investors Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4776.

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 2021-07-28.

What are the main provisions?

Key points include:

  • Introduction of an examination for individuals wishing to invest in private companies to confirm their understanding of risks.
  • The exam is designed to be passable for individuals with financial sophistication.
  • Aims to better protect investors by increasing their awareness of investment risks.
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. McHenry, Patrick T. [R-NC-10].

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