Accredited Investor Definition Review Act

This bill updates the definition of "accredited investor" under securities law to include individuals holding specific certifications, designations, or credentials approved by the Securities and Exchange Commission (SEC). It requires the SEC to periodically review and maintain a list of these accepted credentials every 18 months after enactment, then every five years, adding those substantially similar to existing ones that measure financial sophistication. The SEC must adjust the list as needed to protect investors or serve the public interest. This directly affects individuals seeking accredited investor status for accessing certain investment opportunities. The changes implement a formal process to modernize how financial expertise is verified under current regulations.