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H.R. 3348 · 119th Congress

Accredited Investor Definition Review Act

Introduced May 13, 2025Policy area: Finance and Financial Sector

Read the textOn Congress.gov

Status: In committee

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Law

Latest action

: Placed on the Union Calendar, Calendar No. 103.

Summary

Accredited Investor Definition Review Act

This bill revises 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 the Securities and Exchange Commission (SEC) discretion in determining what certifications, designations, or credentials investors must possess for purposes of investor protection, provided that the credentials are at least as broad as the existing regulations and include those professional licenses currently approved by the SEC. Additionally, the SEC must review these credentials every five years.

Summary by the Congressional Research Service.

Actions

  1. House

    Placed on the Union Calendar, Calendar No. 103.

  2. House

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-134.

  3. House

    Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 16.

  4. House

    Committee Consideration and Mark-up Session Held

  5. House

    Referred to the House Committee on Financial Services.

  6. Introduced in House