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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

Latest development

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

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Congress
119th Congress
Introduced
May 14, 2025
Recorded roll calls
1

Status detail: The full action history records passage in the House.

Plain-language overview

What this bill does

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.

Official summary from Congress.gov.

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

Committee activity

Committees and subcommittees that received, reviewed, marked up, or reported this legislation.

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 Oct 28, 2026.

Action timeline

Newest action first. Action language comes from the official Congress.gov record.

View full action timeline17 actions
  1. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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

    FloorHouse floor actions
  3. 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)

    FloorHouse floor actions
  4. 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)

    FloorLibrary of Congress
  5. Considered as unfinished business. (consideration: CR H2878-2879)

    FloorHouse floor actions
  6. 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.

    FloorHouse floor actions
  7. DEBATE - The House proceeded with forty minutes of debate on H.R. 3394.

    FloorHouse floor actions
  8. Considered under suspension of the rules. (consideration: CR H2869-2871)

    FloorHouse floor actions
  9. Mrs. Wagner moved to suspend the rules and pass the bill, as amended.

    FloorHouse floor actions
  10. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.

    CommitteeLibrary of Congress
  11. Placed on the Union Calendar, Calendar No. 85.

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

    CommitteeHouse floor actions
  13. Committee Consideration and Mark-up Session Held

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

    CommitteeHouse committee actions
  15. Introduced in House

    IntroReferralLibrary of Congress
  16. Introduced in House

    IntroReferralLibrary of Congress
  17. Referred to the House Committee on Financial Services.

    IntroReferralHouse floor actions

Roll-call votes

Recorded House and Senate votes connected to this bill. Your representatives appear first when available.

PassedJun 23, 2025House · Roll call 173

On Motion to Suspend the Rules and Pass, as Amended

397 Yea12 Nay23 Not Voting
View 432 recorded positions
Ami BeraNot Voting
Andy BarrNot Voting
David ScottYea
Dina TitusNot Voting
Doug LaMalfaYea
Dwight EvansNot Voting
Eric SwalwellYea
Greg StantonNot Voting
Jerrold NadlerNot Voting
Joe WilsonNot Voting
John JamesNot Voting
Josh BrecheenNot Voting
Joyce BeattyNot Voting
Julia BrownleyNot Voting
Lois FrankelNot Voting
Marjorie Taylor GreeneYea
Mark E. GreenYea
Mike RogersNot Voting
Mikie SherrillNot Voting
Sheila Cherfilus-McCormickYea
Steny H. HoyerNot Voting
Terri A. SewellNot Voting
Tony GonzalesYea
Vern BuchananNot Voting
Warren DavidsonNot Voting
Wesley HuntNot Voting

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Sources: Congress.gov and official House and Senate vote records.

View data freshness details

Base metadata check pending · Civixly summary check pending · Action timeline checked Oct 28, 2026 · Complete sponsorship check pending · Topics checked Oct 28, 2026 · Committees checked Oct 28, 2026 · Status checked Oct 28, 2026 · Related bills checked Oct 28, 2026.