H.R. 2797 — 118th Congress
Equal Opportunity for All Investors Act of 2023
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118th CongressLatest action
Jun 1, 2023Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
CRS summary
As of May 31, 2023Passed House
Equal Opportunity for All Investors Act of 2023
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 through an examination established by the Securities and Exchange Commission. The examination must
- be designed with an appropriate difficulty level such that an individual with financial sophistication or training would be unlikely to fail,
- include methods to determine competency in certain areas, and
- be administered by a registered national securities association and offered free of charge to the public.
Currently, accredited investors must satisfy certain requirements indicating their reduced exposure to financial risk, including those related to income, net worth, or knowledge and experience.
Congressional Research Service, via api.congress.gov (public domain)
Roll-call votes
1 on recordMay 31, 2023 · On Motion to Suspend the Rules and Pass, as Amended
Full roll callYea — 383: 205 R · 177 D · 1 I
Nay — 18: 18 D
Not Voting — 34: 18 D · 16 R
Member pages currently show roll-call votes from the 119th Congress only. The “Member pages” column marks votes from that congress.