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Expanding investment opportunities for individuals

This bill aims to make it easier for more individuals to invest in private companies that do not offer their shares publicly. It changes the rules for who can be considered an "accredited investor," opening up new investment opportunities but also carrying higher risks as these investments are less regulated.
Key points
New rules allow individuals to invest in private companies if their investment does not exceed 10% of their net assets or annual income.
More people can now participate in investments previously only available to the very wealthy or institutions.
Investments in private companies are often riskier and harder to sell than publicly traded stocks.
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Status:
Expired
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Additional Information
Print number: 118_HR_2652
Sponsor: Rep. Mooney, Alexander X. [R-WV-2]
Process start date: 2023-04-17
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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 118_HR_2652.

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 2023-04-17.

What are the main provisions?

Key points include:

  • New rules allow individuals to invest in private companies if their investment does not exceed 10% of their net assets or annual income.
  • More people can now participate in investments previously only available to the very wealthy or institutions.
  • Investments in private companies are often riskier and harder to sell than publicly traded stocks.
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. Mooney, Alexander X. [R-WV-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 2025-12-25.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy