H.R. 3394
119th Congress
Fair Investment Opportunities for Professional Experts Act
3
Cosponsors
17
Actions
0
Amendments
2
Committees
—
Since introduced
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
24 June 2025·1 year ago
Summary
Introduced in House · Updated 23 June 2025
Fair 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.
Timeline
17 actions
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
24 June 2025 · IntroReferral
Motion to reconsider laid on the table Agreed to without objection.
23 June 2025 · Floor
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)
23 June 2025 · Floor
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)
23 June 2025 · Floor
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.
23 June 2025 · Floor
Considered as unfinished business. (consideration: CR H2878-2879)
23 June 2025 · Floor
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
23 June 2025 · Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 3394.
23 June 2025 · Floor
Considered under suspension of the rules. (consideration: CR H2869-2871)
23 June 2025 · Floor
Placed on the Union Calendar, Calendar No. 85.
3 June 2025 · Calendars
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.
3 June 2025 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.
3 June 2025 · Committee
Committee Consideration and Mark-up Session Held
20 May 2025 · Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 1.
20 May 2025 · Committee
Referred to the House Committee on Financial Services.
14 May 2025 · IntroReferral
Introduced in House
14 May 2025 · IntroReferral
Introduced in House
14 May 2025 · IntroReferral
Sponsorship
3 cosponsors
Sponsor
Republican:Rep. Hill, J. French [R-AR-2]ARCosponsors
- Democrat133%
- Republican267%
- Republican:Rep. Sessions, Pete [R-TX-17]TX
- Republican:Rep. Davidson, Warren [R-OH-8]OH
- Democrat:Rep. Vargas, Juan [D-CA-52]CA
Classification
Policy area
Finance and Financial SectorLegislative subjects
Committees
2
Financial Services Committee
House · Standing
- Referred To14 May 2025
- Markup By20 May 2025
- Reported By3 Jun 2025
Banking, Housing, and Urban Affairs Committee
Senate · Standing
- Referred To24 Jun 2025
Reports
Cosponsor momentum
Cumulative over time
Cosponsors grew from 1 on 14 May 2025 to 3 on 19 May 2025.
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