119th Congress
H.R. 3394
Fair Investment Opportunities for Professional Experts Act
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- J. French Hill(R-AR)
- Introduced
- May 14, 2025
- Policy area
- Finance and Financial Sector
- Committees
- House Committee on Financial Services; Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Referred in Senate · Congress.gov page
Cosponsors (3)
Original cosponsors (1)
- Juan Vargas (D-CA)
Added later (2)
- Pete Sessions (R-TX) · May 19, 2025
- Warren Davidson (R-OH) · May 19, 2025
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
Fair Investment Opportunities for Professional Experts Act
This bill expands the eligibility criteria for an accredited investor for purposes of participating in private offerings of securities to include an individual determined by the Securities and Exchange Commission (SEC) to have qualifying professional knowledge through educational or professional experience. (Certain unregistered securities may only be offered to accredited investors.)
The bill also provides statutory authority for certain existing criteria for an accredited investor, including licensure or registration in good standing as a broker or investment adviser, specified annual salary, and specified net worth.
Further, the SEC is directed to revise the definition of accredited investor in Regulation D (which exempts certain offerings from SEC registration requirements) to conform to changes in this bill.
Roll-call votes
| Date | Vote | Result | Your members |
|---|---|---|---|
| Jun 23, 2025 House #173 | On Motion to Suspend the Rules and Pass, as Amended: Fair Investment Opportunities for Professional Experts Act | Passed | Set your home to see |
Actions
- Jun 24, 2025 · Senate
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - Jun 23, 2025 · House
Motion to reconsider laid on the table Agreed to without objection. - Jun 23, 2025 · 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) - Jun 23, 2025 · House
Considered as unfinished business. (consideration: CR H2878-2879) - Jun 23, 2025 · House
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. - Jun 23, 2025 · House
DEBATE - The House proceeded with forty minutes of debate on H.R. 3394. - Jun 23, 2025 · House
Considered under suspension of the rules. (consideration: CR H2869-2871) - Jun 23, 2025 · House
Mrs. Wagner moved to suspend the rules and pass the bill, as amended. - Jun 3, 2025 · House
Placed on the Union Calendar, Calendar No. 85. - Jun 3, 2025 · House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115. - May 20, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 1. - May 20, 2025
Committee Consideration and Mark-up Session Held - May 14, 2025 · House
Referred to the House Committee on Financial Services. - May 14, 2025
Introduced in House