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Expanding Private Investment Access for Financial Professionals and Experts.

This law broadens the definition of "accredited investor," allowing more individuals to participate in private investment opportunities like startups and hedge funds. Previously based mainly on wealth, the status can now be granted to licensed brokers, investment advisors, and individuals with verifiable professional expertise in finance. This shift opens up high-risk, high-reward investments to knowledgeable professionals who might not meet the high financial thresholds.
Key points
Licensed brokers and investment advisors automatically qualify as "accredited investors," regardless of their net worth or income.
Individuals with demonstrable education or job experience related to specific investments can qualify, provided their expertise is verified by regulatory bodies.
Existing financial thresholds (e.g., $1 million net worth excluding primary residence) remain, with a new requirement for inflation adjustments every five years.
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Additional Information
Print number: 118_HR_835
Sponsor: Rep. Hill, J. French [R-AR-2]
Process start date: 2023-02-06
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Fair Investment Opportunities for Professional Experts Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_835.

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 2023-02-06.

What are the main provisions?

Key points include:

  • Licensed brokers and investment advisors automatically qualify as "accredited investors," regardless of their net worth or income.
  • Individuals with demonstrable education or job experience related to specific investments can qualify, provided their expertise is verified by regulatory bodies.
  • Existing financial thresholds (e.g., $1 million net worth excluding primary residence) remain, with a new requirement for inflation adjustments every five years.
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. Hill, J. French [R-AR-2].

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 H2717)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy