Equal Opportunity for All Investors Act of 2023

This bill amends the definition of "accredited investor" under securities law to create a new pathway for individuals to qualify. It requires the SEC to establish a free, publicly available certification exam within 180 days of enactment, testing knowledge of private investment risks and regulations. The exam would cover specific areas like types of securities, disclosure requirements, financial statements, and key risks associated with private investments (such as limited liquidity, information asymmetry, and valuation methods). Individuals passing this exam would qualify as accredited investors, directly affecting those seeking to invest in private companies or private funds without meeting traditional income/net worth thresholds. The exam must be administered by a registered securities association and designed to assess financial sophistication.