{"bill":{"id":"119-hr-3394","congress":119,"type":"HR","number":3394,"title":"Fair Investment Opportunities for Professional Experts Act","originChamber":"House","introducedDate":"2025-05-14","sponsors":[{"bioguideId":"H001072","fullName":"Rep. Hill, J. French [R-AR-2]","party":"R","state":"AR","district":2}],"cosponsorsCount":3,"latestAction":{"actionDate":"2025-06-24","text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs."},"policyArea":"Finance and Financial Sector","subjects":["Financial services and investments","Securities"],"actions":[{"date":"2025-06-24","text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.","type":"IntroReferral","chamber":"Senate","hasVote":false},{"date":"2025-06-23","text":"Motion to reconsider laid on the table Agreed to without objection.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-06-23","text":"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)","type":"Floor","chamber":"House floor actions","hasVote":true},{"date":"2025-06-23","text":"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)","type":"Floor","chamber":"Library of Congress","hasVote":true},{"date":"2025-06-23","text":"Considered as unfinished business. (consideration: CR H2878-2879)","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-06-23","text":"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.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-06-23","text":"DEBATE - The House proceeded with forty minutes of debate on H.R. 3394.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-06-23","text":"Considered under suspension of the rules. (consideration: CR H2869-2871)","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-06-23","text":"Mrs. Wagner moved to suspend the rules and pass the bill, as amended.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-06-03","text":"Placed on the Union Calendar, Calendar No. 85.","type":"Calendars","chamber":"House floor actions","hasVote":false},{"date":"2025-06-03","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.","type":"Committee","chamber":"House floor actions","hasVote":false},{"date":"2025-06-03","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.","type":"Committee","chamber":"Library of Congress","hasVote":false},{"date":"2025-05-20","text":"Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 1.","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-05-20","text":"Committee Consideration and Mark-up Session Held","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-05-14","text":"Referred to the House Committee on Financial Services.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-05-14","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-05-14","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>Fair Investment Opportunities for Professional Experts Act</strong></p><p>This bill expands the eligibility criteria for an <em>accredited investor</em> 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.)</p><p>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.</p><p>Further, the SEC is directed to revise the definition of <em>accredited investor</em> in Regulation D (which exempts certain offerings from SEC registration requirements) to conform to changes in this bill.</p>","updateDate":"2025-10-09T03:26:18Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":537,"ts":"2026-04-15T07:27:06.889Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"/api/public/query-gov?q=Fair%20Investment%20Opportunities%20for%20Professional%20Experts%20Act"}]}}