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HR 3394 119th Congress House Finance and Financial Sector Financial services and investments Securities

Fair Investment Opportunities for Professional Experts Act

Introduced: May 14, 2025 Introduced by: Hill, J. French Republican · Arkansas See on congress.gov
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 Everywhere this bill has been 14 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 24, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 23, 2025
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.
Jun 23, 2025
DEBATE - The House proceeded with forty minutes of debate on H.R. 3394.
Jun 23, 2025
Motion to reconsider laid on the table Agreed to without objection.
Jun 23, 2025
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)
Jun 23, 2025
Considered as unfinished business. (consideration: CR H2878-2879)
Jun 23, 2025
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
Jun 23, 2025
Considered under suspension of the rules. (consideration: CR H2869-2871)
Jun 3, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.
Jun 3, 2025
Placed on the Union Calendar, Calendar No. 85.
May 20, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 1.
May 20, 2025
Committee Consideration and Mark-up Session Held
May 14, 2025
Referred to the House Committee on Financial Services.
May 14, 2025
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Jun 23, 2025 House · vote #173 On Motion to Suspend the Rules and Pass, as Amended Passed 397–12 See who voted →
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 Plain-English summary Congressional Research Service

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.

What's happening now June 24, 2025

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

 Hearings & markups 1
  • Various Measures
    Markup May 20, 2025 · 10:00 AM EDT · Financial Services Committee
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Lobbying activity 32

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

See all 32 filings →
 Cosponsors 3
All 3 Democratic 1 Republican 2
R
Davidson, Warren
Ohio · May 19, 2025
 R
Sessions, Pete
Texas · May 19, 2025
 D
Vargas, Juan
California · May 14, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3394: Fair Investment Opportunities for Professional Experts Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-3394/
MLA
"H.R. 3394: Fair Investment Opportunities for Professional Experts Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-3394/.
Bluebook (legal)
H.R. 3394, 119th Cong. (2026), https://openamerica.io/bill/119-HR-3394/.
Markdown link
[H.R. 3394: Fair Investment Opportunities for Professional Experts Act](https://openamerica.io/bill/119-HR-3394/)
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