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HR 1579 118th 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: March 14, 2023 Introduced by: Huizenga, Bill Republican · Michigan See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 13 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 6, 2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 5, 2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 1579.
Jun 5, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-92.
Jun 5, 2023
Motion to reconsider laid on the table Agreed to without objection.
Jun 5, 2023
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2719)
Jun 5, 2023
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2719)
Jun 5, 2023
Considered under suspension of the rules. (consideration: CR H2719-2721)
Jun 5, 2023
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
Jun 5, 2023
Placed on the Union Calendar, Calendar No. 69.
Apr 26, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 41 - 2.
Apr 26, 2023
Committee Consideration and Mark-up Session Held.
Mar 14, 2023
Referred to the House Committee on Financial Services.
Mar 14, 2023
Introduced in House
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 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 June 6, 2023

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

 Related & companion bills 1
  • S 5121 Related bill Accredited Investor Definition Review Act
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1
R
Lawler, Michael
New York · May 31, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1579: Accredited Investor Definition Review Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-1579/
MLA
"H.R. 1579: Accredited Investor Definition Review Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-1579/.
Bluebook (legal)
H.R. 1579, 118th Cong. (2026), https://openamerica.io/bill/118-HR-1579/.
Markdown link
[H.R. 1579: Accredited Investor Definition Review Act](https://openamerica.io/bill/118-HR-1579/)
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