HR 9405 · 117th Congress · Finance and Financial Sector

Investment Opportunity Expansion Act

Introduced 2022-12-02· Sponsored by Rep. Budd, Ted [R-NC-13]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2022-12-02)

Plain Language Summary

[AI summary unavailable — showing source text] Investment Opportunity Expansion Act 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 if the investment is not more than 10% of the individual's net assets or 10% of the individual's annual income, whichever is greater.…

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