Bill117th CongressFiled Dec 2, 2022Finance and Financial Sector
H.R. 9405
Investment Opportunity Expansion Act
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Dec 2, 2022)
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 just happenedDec 2, 2022
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Budd, Ted [R-NC-13](R-NC)Sponsor
1committees3actions
- Introduced in HouseDec 2, 2022
- Dec 2, 2022IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Dec 2, 2022IntroReferralIntro-H
Introduced in House
- Dec 2, 2022IntroReferral1000
Introduced in House