Investment Opportunity Expansion Act
The Investment Opportunity Expansion Act amends federal securities law to create a new criterion for individuals to qualify as "accredited investors." It allows an individual to meet the threshold if, for a single investment transaction, their total investment in private securities (without a public offering) does not exceed 10 percent of the greater of their net assets or annual income. This change would expand eligibility for private investment opportunities beyond traditional income or net worth requirements. The bill directly affects individuals seeking to invest in private securities and the financial institutions offering such investments.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
President
Introduced Jan 31, 2024
Last action Jan 31, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jan 31, 2024
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Jan 31, 2024
Introduced
Introduced in Senate
upper
1 primary · 2 co-sponsors
Sponsors
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