HR 2187 · 114th Congress · Finance and Financial Sector
Fair Investment Opportunities for Professional Experts Act
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2016-02-02)
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Plain Language Summary
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Fair Investment Opportunities for Professional Experts Act This bill directs the Securities and Exchange Commission (SEC) to revise its rules under Regulation D to consider a natural person an accredited investor, regardless of specified income and net worth requirements, if the person certifies to the issuer before the sale of securities to that person that he or she: is a person described in specified other requirements of Regulation D, has retained and used the services of certain banks, savings and loan associations, insurance companies, registered brokers or dealers, or certain other entities or their employees to make an investment decision relative to the securities being offered, or is licensed as an accredited investor by the Financial Industry Regulatory Authority (FINRA) after completing an exam administered by FINRA using specified criteria established by the SEC. The SEC shall establish such criteria for FINRA to use in administering an exam to license as accredited investors natural persons who don't meet certain income and net worth requirements of Regulation D.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 2187, a bill to direct the Securities and Exchange Commission to revise its regulations regarding the qualifications of natural persons as accredited investors
Jan 19, 2016As ordered reported by the House Committee on Financial Services on December 9, 2015
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office