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Bill119th CongressFiled May 14, 2025Finance and Financial Sector
H.R. 3394

Fair Investment Opportunities for Professional Experts Act

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
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Law

What it doesSummary introduced in house (May 14, 2025)

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 just happenedJun 24, 2025

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

Who’s behind it

Rep. Hill, J. French [R-AR-2](R-AR)Sponsor
3 cosponsors1 D2 R
Read on Congress.gov
3cosponsors2committees17actions
  1. Jun 24, 2025IntroReferral

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

    Banking, Housing, and Urban Affairs Committee
  2. Jun 23, 2025FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Jun 23, 2025FloorH37300

    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)

  4. Jun 23, 2025Floor8000

    Passed/agreed to in House: 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)

  5. Jun 23, 2025FloorH30000

    Considered as unfinished business. (consideration: CR H2878-2879)

  6. Jun 23, 2025FloorH37220

    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.

  7. Jun 23, 2025FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3394.

  8. Jun 23, 2025FloorH30000

    Considered under suspension of the rules. (consideration: CR H2869-2871)

  9. Jun 23, 2025FloorH30300

    Mrs. Wagner moved to suspend the rules and pass the bill, as amended.

  10. Jun 3, 2025CalendarsH12410

    Placed on the Union Calendar, Calendar No. 85.

  11. Jun 3, 2025CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.

    Financial Services Committee
  12. Jun 3, 2025Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.

    Financial Services Committee
  13. May 20, 2025CommitteeH19000

    Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 1.

    Financial Services Committee
  14. May 20, 2025CommitteeH15001

    Committee Consideration and Mark-up Session Held

    Financial Services Committee
  15. May 14, 2025IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  16. May 14, 2025IntroReferralIntro-H

    Introduced in House

  17. May 14, 2025IntroReferral1000

    Introduced in House