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Expanding Investment Access: New Rules for Accredited Investor Status.

This bill creates a new pathway for more citizens to invest in private companies and funds previously restricted to the very wealthy. Individuals can now qualify as an "accredited investor" if their total investment in non-public securities does not exceed 10% of their annual income or net assets. This change expands investment opportunities but also introduces higher financial risk for everyday investors.
Key points
Establishes a new threshold for individuals to qualify as an "accredited investor" without meeting high income or net worth requirements.
Allows citizens to invest in non-public securities (like startups) provided the investment is capped at 10% of their income or net assets.
Increases access to potentially high-return, but riskier, private investment markets.
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Status:
Expired
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Additional Information
Print number: 118_S_3709
Sponsor: Sen. Budd, Ted [R-NC]
Process start date: 2024-01-31
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-flash-latest
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 118_S_3709.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-01-31.

What are the main provisions?

Key points include:

  • Establishes a new threshold for individuals to qualify as an "accredited investor" without meeting high income or net worth requirements.
  • Allows citizens to invest in non-public securities (like startups) provided the investment is capped at 10% of their income or net assets.
  • Increases access to potentially high-return, but riskier, private investment markets.
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 Sen. Budd, Ted [R-NC].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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