HR 2652 United States House · 118th Congress

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
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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
Photo of Alexander X. Mooney
Alexander X. Mooney
RRepublican
WV
2