Accredited Investor Definition Review Act

AI Summary

The Accredited Investor Definition Review Act aims to expand the definition of accredited investors to include individuals with certain professional certifications, licenses, or other credentials. This bill seeks to provide more opportunities for a broader range of investors to participate in private capital markets by allowing them to qualify based on their financial sophistication and not solely on income or net worth. By revising the accredited investor criteria, this legislation intends to promote capital formation and investment opportunities while maintaining investor protections.

• 2023-03-14: Introduced in House

• 2023-03-14: Referred to the House Committee on Financial Services.

• 2023-04-26: Committee Consideration and Mark-up Session Held.

• 2023-04-26: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 41 - 2.

• 2023-06-05: Reported (Amended) by the Committee on Financial Services. H. Rept. 118-92.

• 2023-06-05: Placed on the Union Calendar, Calendar No. 69.

• 2023-06-05: Mrs. Wagner moved to suspend the rules and pass the bill, as amended.

• 2023-06-05: Considered under suspension of the rules. (consideration: CR H2719-2721)

• 2023-06-05: DEBATE - The House proceeded with forty minutes of debate on H.R. 1579.

• 2023-06-05: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2719)

• 2023-06-05: Motion to reconsider laid on the table Agreed to without objection.

• 2023-06-06: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.