H.R. 2652 · 118th Congress
Investment Opportunity Expansion Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
MooneySponsorNo cosponsors.
This bill expands who may be considered an accredited investor for purposes of participating in private offerings of securities.
What it does: CRS summary · Introduced in House · Apr 17, 2023
Investment Opportunity Expansion Act
This bill expands 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 an individual to qualify if their aggregate investment in such a securities offering is not more than 10% of the individual's net assets or 10% of the individual's annual income, whichever is greater.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Investment Opportunity Expansion Act
Latest action (Apr 17, 2023): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Apr 17, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.