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New investor rules: more people can invest in private companies.

This act changes the definition of an "accredited investor," meaning more individuals will be able to invest in private companies and funds. It introduces new criteria based on certifications and credentials held, and mandates the Securities and Exchange Commission to regularly review these criteria. This will broaden access to certain types of investments for individuals with relevant financial knowledge, regardless of their income or net worth.
Key points
Expands the definition of "accredited investor" to include individuals holding specific financial certifications and credentials.
The Securities and Exchange Commission will regularly review and update the list of accepted certifications.
More citizens with relevant financial knowledge may gain access to investments in private companies and funds.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_1579
Sponsor: Rep. Huizenga, Bill [R-MI-4]
Process start date: 2023-03-14
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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 118_HR_1579.

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 2023-03-14.

What are the main provisions?

Key points include:

  • Expands the definition of "accredited investor" to include individuals holding specific financial certifications and credentials.
  • The Securities and Exchange Commission will regularly review and update the list of accepted certifications.
  • More citizens with relevant financial knowledge may gain access to investments in private companies and funds.
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-4].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2719)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy