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New investor rules: broader access to private offerings

This act changes the rules for who can be considered an "accredited investor," opening the door for more individuals to invest in companies not listed on public stock exchanges. This means citizens with smaller assets or incomes can now participate in investments previously only available to the very wealthy. This could increase opportunities for wealth growth but also comes with higher risks, as such investments are less regulated.
Key points
Expands the definition of an "accredited investor," allowing more individuals to invest in private offerings.
Permits investing up to 10% of net assets or annual income in unlisted companies, even if previous wealth/income thresholds are not met.
Increases access to potentially higher returns, but also to higher-risk and less liquid investments.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_9405
Sponsor: Rep. Budd, Ted [R-NC-13]
Process start date: 2022-12-02
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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

Investment Opportunity Expansion Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9405.

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 2022-12-02.

What are the main provisions?

Key points include:

  • Expands the definition of an "accredited investor," allowing more individuals to invest in private offerings.
  • Permits investing up to 10% of net assets or annual income in unlisted companies, even if previous wealth/income thresholds are not met.
  • Increases access to potentially higher returns, but also to higher-risk and less liquid investments.
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. Budd, Ted [R-NC-13].

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