Investment Opportunity Expansion Act
This bill would expand the definition of "accredited investor" under securities law. It adds a new provision allowing individuals whose total investments in private securities (without public offerings) do not exceed 10% of their net assets or annual income to qualify. This directly affects individual investors seeking to participate in private investment opportunities. The key mechanism establishes a clear, income- or asset-based threshold for accreditation, replacing the previous standards for certain transactions.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2023
Committee Review
Floor Vote
President
Introduced Apr 17, 2023
Last action Apr 17, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 17, 2023
Committee
Referred to the House Committee on Financial Services.
lower
Apr 17, 2023
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Alexander X. Mooney
RRepublican
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