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EconomyH.R. 3339Comments

Equal Opportunity for All Investors Act of 2025

Official title: To require certification examinations for accredited investors, and for other purposes.

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Where the Bill Stands

  1. Introduced, done
  2. Committee, done
  3. Floor Vote, done
  4. Outcome, current stage

What This Bill Does

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 through an examination established by the Securities and Exchange Commission. The examination must

  • be designed with an appropriate difficulty level such that an individual with financial sophistication or training would be unlikely to fail,
  • include methods to determine competency and knowledge in certain areas such as the disclosure requirements of different securities, and
  • be administered by a registered national securities association and offered free of charge to the public.

Currently, accredited investors must satisfy certain requirements indicating their reduced exposure to financial risk, including those related to income, net worth, or knowledge and experience.

Sponsors

Related Documents

Bill on Congress.govWeb Page ↗ (opens in a new tab)

Timeline

  1. SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. House floor actionsMr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  3. Passed the House
  4. House floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-127.
  5. House committee actionsCommittee Consideration and Mark-up Session Held
  6. Library of CongressIntroduced in House
  7. House floor actionsReferred to the House Committee on Financial Services.
  8. Introduced
  9. Committee

Comments

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