HR 3394 119th Congress

Fair Investment Opportunities for Professional Experts Act

Latest Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Congress.gov

Sponsors

Rep. Hill, J. French [R-AR-2]

Rep. Hill, J. French [R-AR-2]

R — AR

Summary

Fair Investment Opportunities for Professional Experts Act This bill expands the eligibility criteria for an accredited investor for purposes of participating in private offerings of securities to include an individual determined by the Securities and Exchange Commission (SEC) to have qualifying professional knowledge through educational or professional experience. (Certain unregistered securities may only be offered to accredited investors.) The bill also provides statutory authority for certain existing criteria for an accredited investor, including licensure or registration in good standing as a broker or investment adviser, specified annual salary, and specified net worth. Further, the SEC is directed to revise the definition of accredited investor in Regulation D (which exempts certain offerings from SEC registration requirements) to conform to changes in this bill.

Vote Result

Passed House

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 12 (Roll no. 173). (text: CR H2869-2870)

Actions

2025-06-24T00:00:00

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2025-06-23T00:00:00

Motion to reconsider laid on the table Agreed to without objection.

2025-06-23T00:00:00

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 12 (Roll no. 173). (text: CR H2869-2870)

2025-06-23T00:00:00

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 12 (Roll no. 173). (text: CR H2869-2870)

2025-06-23T00:00:00

Considered as unfinished business. (consideration: CR H2878-2879)

2025-06-23T00:00:00

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

2025-06-23T00:00:00

DEBATE - The House proceeded with forty minutes of debate on H.R. 3394.

2025-06-23T00:00:00

Considered under suspension of the rules. (consideration: CR H2869-2871)

2025-06-23T00:00:00

Mrs. Wagner moved to suspend the rules and pass the bill, as amended.

2025-06-03T00:00:00

Placed on the Union Calendar, Calendar No. 85.

2025-06-03T00:00:00

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.

2025-06-03T00:00:00

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.

2025-05-20T00:00:00

Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 1.

2025-05-20T00:00:00

Committee Consideration and Mark-up Session Held

2025-05-14T00:00:00

Referred to the House Committee on Financial Services.

2025-05-14T00:00:00

Introduced in House

2025-05-14T00:00:00

Introduced in House

Policy Areas

Finance and Financial Sector

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