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H.R. 3394 House Finance and Financial Sector

Fair Investment Opportunities for Professional Experts Act

Introduced
May 14, 2025
Sponsor
Rep. Hill, J. French (R-AR-2)
View on Congress.gov

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the House. Last action: received in the senate and read twice and referred to the committee on banking, housing, and urban affairs on Jun 24, 2025.

  1. House Introduced in House May 14, 2025
  2. House Referred to the House Committee on Financial Services. May 14, 2025
  3. House Committee Consideration and Mark-up Session Held May 20, 2025
  4. House Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 1. May 20, 2025
  5. House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115. Jun 3, 2025
  6. House Placed on the Union Calendar, Calendar No. 85. Jun 3, 2025
  7. House Mrs. Wagner moved to suspend the rules and pass the bill, as amended. Jun 23, 2025
  8. House Considered under suspension of the rules. (consideration: CR H2869-2871) Jun 23, 2025
  9. House DEBATE - The House proceeded with forty minutes of debate on H.R. 3394. Jun 23, 2025
  10. House At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. Jun 23, 2025
  11. House Considered as unfinished business. (consideration: CR H2878-2879) Jun 23, 2025
  12. House Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 12 (Roll no. 173). (text: CR H2869-2870) Jun 23, 2025
  13. House On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 12 (Roll no. 173). (text: CR H2869-2870) Jun 23, 2025
  14. House Motion to reconsider laid on the table Agreed to without objection. Jun 23, 2025
  15. House
    On Motion to Suspend the Rules and Pass, as Amended Jun 23, 2025
    Agreed Yea 397 Nay 12 Roll Call
  16. Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Jun 24, 2025

Cosponsors

3

Subjects

Financial services and investmentsSecurities

Committees

  • Banking, Housing, and Urban Affairs Committee
    • [Referred To, Jun 24, 2025]
  • Financial Services Committee
    • [Reported By, Jun 3, 2025]
    • [Markup By, May 20, 2025]
    • [Referred To, May 14, 2025]

Summary

Fair Investment Opportunities for Professional Experts ActThis bill expands the eligibility criteria for an accredited investor for purposes of participating in private offerings of securities to include an individual determined by the Securities and Exchange Commission (SEC) to have qualifying professional knowledge through educational or professional experience. (Certain unregistered securities may only be offered to accredited investors.)The bill also provides statutory authority for certain existing criteria for an accredited investor, including licensure or registration in good standing as a broker or investment adviser, specified annual salary, and specified net worth.Further, the SEC is directed to revise the definition of accredited investor in Regulation D (which exempts certain offerings from SEC registration requirements) to conform to changes in this bill.

[Summary as of: Introduced in House]

Bill Text

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