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
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
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
DEBATE - The House proceeded with forty minutes of debate on H.R. 1579.
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.
Jun 5, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-92.
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
Plain-English summary
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
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
2
Cosponsors
1