Bills · HR 3394
PASSED HOUSE· 119TH CONGRESS
House BillHR 3394SecuritiesFinancial services and investments
Fair Investment Opportunities for Professional Experts Act
INTRO MAY 14· LAST ACTION JUN 24
READING
3MIN
COSPONSORS
3BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- One chamber only
LEGISLATIVE PROGRESS
STEP 4 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters to voters because it changes the gateway to a specific segment of the investment world—private offerings that are generally less regulated and carry different risks and potential rewards than publicly traded stocks. By expanding the definition of an "accredited investor" beyond just wealth and income to include professional knowledge and licenses, the bill aims to allow more individuals with financial expertise to participate in these opportunities.
If this bill becomes law, it could mean more capital becomes available for startups and private businesses from a wider range of sophisticated investors, potentially fostering innovation. Conversely, if it doesn't pass, access to these private investments will remain primarily limited to those who meet the current high financial thresholds, potentially excluding knowledgeable individuals who lack that level of wealth. It also ensures that the financial thresholds for accredited investor status will be regularly updated for inflation, which helps keep the definition current over time.
KEY PROVISIONS
5AI-extractedPROVISION 01
Sets the financial requirements for accredited investors at a net worth over $1 million (excluding primary residence) or an income of $200,000 individually ($300,000 jointly) for the past two years.
This formalizes the main financial criteria for qualifying as an accredited investor, ensuring consistency.
PROVISION 02
Allows individuals who are currently licensed as brokers or investment advisers and are in good standing to qualify as accredited investors.
This expands the criteria to include professional expertise and regulatory standing, not just financial wealth.
PROVISION 03
Directs the Securities and Exchange Commission (SEC) to establish regulations allowing individuals with demonstrable investment education or job experience to qualify as accredited investors.
This creates a pathway for knowledgeable individuals, beyond licensed professionals, to access private investment opportunities.
PROVISION 04
Requires the SEC to adjust the net worth and income thresholds for inflation every five years.
This ensures the financial requirements for accredited investor status remain relevant and appropriate over time.
PROVISION 05
Mandates the SEC to update its existing "accredited investor" definition in Regulation D within 180 days after the bill becomes law.
This ensures that the agency's rules quickly align with the new legal standards set by the bill.
SPONSORSHIP
1 + 3
R· Arkansas
YRS IN OFFICE
11
BILLS LED
33
COSPONSOR BREAKDOWNBIPARTISAN · 66%
DEM 1 REP 2 IND 0
ACTION TIMELINE
15 EVENTSJUN 24
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
JUN 23
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
JUN 23
Considered under suspension of the rules. (consideration: CR H2869-2871)
JUN 23
DEBATE - The House proceeded with forty minutes of debate on H.R. 3394.
BILL INFO
TypeHouse Bill
NumberHR 3394
Congress119th
StatusPassed House
IntroducedMay 14, 2025
Last actionJun 24, 2025
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PASSED HOUSE· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED MAY 14, 2025
House BillHR 3394SecuritiesFinancial services and investments
Fair Investment Opportunities for Professional Experts Act
INTRODUCED MAY 14, 2025· LAST ACTION JUN 24, 2025
PASSAGE CHANCES
—%
READING
3 min
COSPONSORS
3
COMPLEXITY
Moderate
