HR 1585 · 115th Congress · Finance and Financial Sector

Fair Investment Opportunities for Professional Experts Act

Introduced 2017-03-16· Sponsored by Rep. Schweikert, David [R-AZ-6]· House

Bill Progress

Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2017-11-02)

Plain Language Summary

[AI summary unavailable — showing source text] This bill amends the Securities Act of 1933 to modify the definition of "accredited investor" for purposes of participating in private offerings to include: an individual whose net worth, or joint net worth with their spouse, exceeds $1 million, excluding their primary residence; an individual whose income over the last two years exceeded $200,000, or joint spousal income exceeded $300,000; an individual who holds a state-issued financial services license; and an individual determined by the Securities and Exchange Commission to have qualifying education or experience.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 1585, Fair Investment Opportunities for Professional Experts Act

Oct 30, 2017

As ordered reported by the House Committee on Financial Services on October 12, 2017

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (11)

4 Democrats7 Republicans