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H.R. 3348 · 119th Congress

Accredited Investor Definition Review Act

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Not yet voted on. This bill is still a proposal: it hasn't reached a floor vote, and its text can change in committee or on the floor before any vote.

No cosponsors.

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.

What it does: CRS summary · Introduced in House · May 13, 2025

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Accredited Investor Definition Review Act

Latest action (Jun 4, 2025): Placed on the Union Calendar, Calendar No. 103.

Policy area: Finance and Financial Sector · Origin: House · Introduced: May 13, 2025

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.