Simple Functions
LEGISLATION/H.R. 3394

Fair Investment Opportunities for Professional Experts Act

119-HR-3394119th CongressIntroduced May 14, 2025Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Rep. Hill, J. French [R-AR-2](R-AR-2)
3 cosponsors

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 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.

Further, 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.

Subjects

Financial services and investmentsSecurities

Actions (17)

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 24, 2025Senate
Motion to reconsider laid on the table Agreed to without objection.
Jun 23, 2025House floor actions
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)
Jun 23, 2025House floor actionsRECORDED VOTE
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)
Jun 23, 2025Library of CongressRECORDED VOTE
Considered as unfinished business. (consideration: CR H2878-2879)
Jun 23, 2025House floor actions
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.
Jun 23, 2025House floor actions
DEBATE - The House proceeded with forty minutes of debate on H.R. 3394.
Jun 23, 2025House floor actions
Considered under suspension of the rules. (consideration: CR H2869-2871)
Jun 23, 2025House floor actions
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
Jun 23, 2025House floor actions
Placed on the Union Calendar, Calendar No. 85.
Jun 3, 2025House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.
Jun 3, 2025House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.
Jun 3, 2025Library of Congress
Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 1.
May 20, 2025House committee actions
Committee Consideration and Mark-up Session Held
May 20, 2025House committee actions
Referred to the House Committee on Financial Services.
May 14, 2025House floor actions
Introduced in House
May 14, 2025Library of Congress
Introduced in House
May 14, 2025Library of Congress
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