HR 2773 United States House · 118th Congress

To amend the definition of an accredited investor to include individuals receiving advice from certain professionals, and for other purposes.

HR 2773 amends the definition of "accredited investor" under the Securities Act of 1933 to include individuals receiving individualized investment advice or recommendations from certain SEC-registered professionals. Specifically, it adds a new category for people who get personalized investment guidance from advisers meeting the criteria in Section 203.501(a)(10) of federal regulations. This change directly affects individual investors seeking to qualify for certain investment opportunities that previously required higher income or net worth thresholds. The bill requires the Securities and Exchange Commission to update its regulations to reflect this expanded definition.
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2023
Committee Review
Floor Vote
President
Introduced Apr 20, 2023 Last action Apr 20, 2023
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Full legislative history

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Total actions
2
Key actions
0
Committee
1
Apr 20, 2023
Committee
Referred to the House Committee on Financial Services.
lower
Apr 20, 2023
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Patrick T. McHenry
Patrick T. McHenry
RRepublican
NC
10