Fair Investment Opportunities for Professional Experts Act
In committeeFair Investment Opportunities for Professional Experts Act This 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.
Jun 24, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Passed
The Fair Investment Opportunities for Professional Experts Act aims to amend the Securities Act of 1933 by expanding the definition of 'accredited investor' to include individuals with certain financial thresholds, professional licenses, or demonstrable expertise. The bill outlines specific criteria for qualification and mandates the SEC to update regulations accordingly.