HR 1585 · 115th 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.(2017-11-02)
Plain Language Summary
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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 OfficeH.R. 1585, Fair Investment Opportunities for Professional Experts Act
Oct 30, 2017As 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