H.R. 3394

119th Congress

In Committee

Fair Investment Opportunities for Professional Experts Act

Sponsored byRepublican:Rep. Hill, J. French [R-AR-2]AR· Introduced 14 mai 2025

3

Cosponsors

17

Actions

0

Amendments

2

Committees

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

24 juin 2025·1 year ago

Summary

Introduced in House · Updated 23 juin 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

  1. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    24 juin 2025 · IntroReferral

  2. Motion to reconsider laid on the table Agreed to without objection.

    23 juin 2025 · Floor

  3. 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 juin 2025 · Floor

  4. 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 juin 2025 · Floor

  5. 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 juin 2025 · Floor

  6. Considered as unfinished business. (consideration: CR H2878-2879)

    23 juin 2025 · Floor

  7. Mrs. Wagner moved to suspend the rules and pass the bill, as amended.

    23 juin 2025 · Floor

  8. DEBATE - The House proceeded with forty minutes of debate on H.R. 3394.

    23 juin 2025 · Floor

  9. Considered under suspension of the rules. (consideration: CR H2869-2871)

    23 juin 2025 · Floor

  10. Placed on the Union Calendar, Calendar No. 85.

    3 juin 2025 · Calendars

  11. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.

    3 juin 2025 · Committee

  12. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.

    3 juin 2025 · Committee

  13. Committee Consideration and Mark-up Session Held

    20 mai 2025 · Committee

  14. Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 1.

    20 mai 2025 · Committee

  15. Referred to the House Committee on Financial Services.

    14 mai 2025 · IntroReferral

  16. Introduced in House

    14 mai 2025 · IntroReferral

  17. Introduced in House

    14 mai 2025 · IntroReferral

Sponsorship

3 cosponsors

Sponsor

Republican:Rep. Hill, J. French [R-AR-2]AR

Cosponsors

  • Democrat133%
  • Republican267%

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Financial services and investmentsSecurities

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

Cosponsor momentum

Cumulative over time

Cosponsors grew from 1 on 14 mai 2025 to 3 on 19 mai 2025.

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