Fair Investment Opportunities for Professional Experts Act
This bill amends the definition of "accredited investor" under securities law to expand eligibility for certain investment opportunities. It creates new categories for qualified professionals, including licensed brokers or investment advisers in good standing, and individuals with verified expertise in specific investments. The bill also updates the net worth threshold to $1 million (adjusted for inflation every 5 years) while excluding primary residences from asset calculations. This directly affects individual investors seeking to qualify for private investment offerings under current securities regulations. The changes require the Securities and Exchange Commission to revise related rules within 180 days of enactment.
Bill status
passed
3 of 5 stages cleared
Introduction
May 2025
Committee Review
Jun 2025
House Passage
Jun 2025
Senate Passage
President
Introduced May 14, 2025
Last action Jun 24, 2025
Floor votes · House Jun 23, 2025
How they voted
397–12
Passed · 23 other
Total votes 432
Jun 23, 2025
D
Democratic212
87% Yea
I
Independent1
100% Yea
R
Republican219
95% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
15
Key actions
3
Committee
4
Amendments
3
Jun 24, 2025
Committee
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Jun 23, 2025
Introduced
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 12 (Roll no. 173). (text: CR H2869-2870)
lower
Jun 23, 2025
Lower · Passed
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 12 (Roll no. 173). (text: CR H2869-2870)
lower
Jun 23, 2025
Introduced
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
lower
Jun 3, 2025
Lower · Passed
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.
lower
May 20, 2025
Introduced
Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 1.
lower
May 20, 2025
Lower · Passed
Committee Consideration and Mark-up Session Held
lower
May 14, 2025
Committee
Referred to the House Committee on Financial Services.
lower
May 14, 2025
Introduced
Introduced in House
lower
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
J. French Hill
RRepublican
Co
Juan Vargas
DDemocratic
Co
Pete Sessions
RRepublican
Co
Warren Davidson
RRepublican
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