HR 9405
117th Congress
House
Finance and Financial Sector
Investment Opportunity Expansion Act
Introduced: December 2, 2022
Introduced by:
Budd, Ted
Republican
· North Carolina
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 2, 2022
Referred to the House Committee on Financial Services.
Dec 2, 2022
Introduced in House
Plain-English summary
Investment Opportunity Expansion Act
This bill expands 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 an individual to qualify if the investment is not more than 10% of the individual's net assets or 10% of the individual's annual income, whichever is greater.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1