Skip to main content
HR 4708 117th Congress House Finance and Financial Sector Administrative law and regulatory procedures Financial services and investments Licensing and registrations Securities Securities and Exchange Commission (SEC)

Accredited Investor Definition Review Act

Introduced: July 27, 2021 Introduced by: Huizenga, Bill Republican · Michigan See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2021
Referred to the House Committee on Financial Services.
Jul 27, 2021
Introduced in House
 Plain-English summary Congressional Research Service

Accredited Investor Definition Review Act

This bill revises who may be considered an accredited investor for purposes of participating in private offerings of securities. Certain unregistered securities may only be offered to accredited investors.

Specifically, the bill allows the Securities and Exchange Commission (SEC) discretion in determining what certifications, designations, or credentials investors must possess for purposes of investor protection, provided that the credentials are at least as broad as the existing regulations. Additionally, the SEC must review these credentials every five years.

What's happening now July 27, 2021

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1