119th Congress

H.R. 3348

Accredited Investor Definition Review Act

Introduced
In committee
Passed House
Passed Senate
To President
Became law

Sponsor: Bill Huizenga(R-MI)
Introduced: May 13, 2025
Policy area: Finance and Financial Sector
Committees: House Committee on Financial Services
Official text: Reported in House · Congress.gov page

Cosponsors (0)

No cosponsors.

Summary

Summary by the Congressional Research Service· describes the “Introduced in House” version

Accredited Investor Definition Review Act This bill revises who may be considered an accredited investor for purposes of participating in private offerings of securities. Certain unregistered securities may only be offered to accredited investors. Specifically, the bill allows the Securities and Exchange Commission (SEC) discretion in determining what certifications, designations, or credentials investors must possess for purposes of investor protection, provided that the credentials are at least as broad as the existing regulations and include those professional licenses currently approved by the SEC. Additionally, the SEC must review these credentials every five years.

Roll-call votes

No recorded votes on this bill.

Actions

Jun 4, 2025 · House
Placed on the Union Calendar, Calendar No. 103.
Jun 4, 2025 · House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-134.
May 20, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 16.
May 20, 2025
Committee Consideration and Mark-up Session Held
May 13, 2025 · House
Referred to the House Committee on Financial Services.
May 13, 2025
Introduced in House