senateStanding
Banking, Housing, and Urban Affairs Committee
- Referred To
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H.R. 3394Passed House
Fair Investment Opportunities for Professional Experts Act
Introduced: May 14, 2025
Latest action date: Jun 24, 2025
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Current stage
Passed House
The full action history records passage in the House.
Introduced
May 14, 2025
Latest action
Jun 24, 2025
Recorded roll calls
0
Civixly topics
What this legislation is about
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Official CRS policy area
Finance and Financial Sector
View 2 official legislative subjects
Financial services and investmentsSecurities
Bill Summary
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.
Committee activity
Committees and subcommittees that received, reviewed, marked up, or reported this legislation.
Official committee record ↗
houseStanding
Financial Services Committee
- Referred To
- Markup By
- Reported By
Amendments
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
No amendments are listed for this measure.
Checked against Congress.gov Sep 12, 2026.
Action timeline
Newest action first. Action language comes from the official Congress.gov record.
View full action timeline17 actions
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferralSenateMotion to reconsider laid on the table Agreed to without objection.
FloorHouse floor actionsOn 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)
FloorHouse floor actionsPassed/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)
FloorLibrary of CongressConsidered as unfinished business. (consideration: CR H2878-2879)
FloorHouse floor actionsAt 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.
FloorHouse floor actionsDEBATE - The House proceeded with forty minutes of debate on H.R. 3394.
FloorHouse floor actionsConsidered under suspension of the rules. (consideration: CR H2869-2871)
FloorHouse floor actionsMrs. Wagner moved to suspend the rules and pass the bill, as amended.
FloorHouse floor actionsPlaced on the Union Calendar, Calendar No. 85.
CalendarsHouse floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-115.
CommitteeHouse floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-115.
CommitteeLibrary of CongressOrdered to be Reported (Amended) by the Yeas and Nays: 45 - 1.
CommitteeHouse committee actionsCommittee Consideration and Mark-up Session Held
CommitteeHouse committee actionsReferred to the House Committee on Financial Services.
IntroReferralHouse floor actionsIntroduced in House
IntroReferralLibrary of CongressIntroduced in House
IntroReferralLibrary of Congress
Roll-call votes
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No connected roll-call votes are currently available for this bill.
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