Bill Sponsor
House Bill 835
118th Congress(2023-2024)
Fair Investment Opportunities for Professional Experts Act
Active
Active
Passed House on Jun 5, 2023
Overview
Text
Introduced
Feb 6, 2023
Latest Action
Jun 6, 2023
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
835
Congress
118
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Arkansas
Democrat
California
Republican
Minnesota
Republican
Wisconsin
House Votes (1)
Senate Votes (0)
checkPassed on June 5, 2023
Status
Passed
Type
Voice Vote
Voice Vote
A vote in which the presiding officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of senators voting on each side are not recorded.
Passed/agreed to in House On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2717)
Summary

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 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.

Text (4)
June 6, 2023
June 5, 2023
June 5, 2023
February 6, 2023
Actions (13)
06/06/2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
06/05/2023
Motion to reconsider laid on the table Agreed to without objection.
06/05/2023
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
06/05/2023
Passed/agreed to in House On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2717)
06/05/2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 835.
06/05/2023
Considered under suspension of the rules.
06/05/2023
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
06/05/2023
Placed on the Union Calendar, Calendar No. 64.
06/05/2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-87.
04/26/2023
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
04/26/2023
Committee Consideration and Mark-up Session Held.
02/06/2023
Referred to the House Committee on Financial Services.
02/06/2023
Introduced in House
Public Record
Record Updated
Mar 18, 2024 8:56:26 PM