H.R. 2797, Equal Opportunity for All Investors Act of 2023

3.0.0 2797 2025-05-27T14:16:34Z 2025-05-27T14:16:34Z House H HR 2023-04-24 118 <pre>[Congressional Record Volume 169, Number 68 (Monday, April 24, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. FLOOD:H.R. 2797.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18 of the United StatesConstitution.The single subject of this legislation is:To expand the accredited investor definition.[Page H1915]</pre> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred To 2023-06-01T15:47:46Z hsba00 Financial Services Committee House Standing Reported By 2023-05-30T17:58:26Z Markup By 2023-04-26T15:17:37Z Referred To 2023-04-24T15:00:40Z H. Rept. 118-77 2023-06-01 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2023-05-31 21:33:34 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2023-05-31 21:33:33 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 383 - 18 (Roll no. 244). (text: 05/30/2023 CR H2656) Floor H37300 2 House floor actions 244 https://clerk.house.gov/evs/2023/roll244.xml House 118 2023-06-01T01:33:33Z 1 2023-05-31 21:33:33 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): 383 - 18 (Roll no. 244). (text: 05/30/2023 CR H2656) Floor 8000 9 Library of Congress 244 https://clerk.house.gov/evs/2023/roll244.xml House 118 2023-06-01T01:33:33Z 1 2023-05-31 21:25:22 Considered as unfinished business. (consideration: CR H2706) Floor H30000 2 House floor actions 2023-05-30 17:15:21 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. Floor H37220 2 House floor actions 2023-05-30 16:59:23 DEBATE - The House proceeded with forty minutes of debate on H.R. 2797. Floor H8D000 2 House floor actions 2023-05-30 16:59:21 Considered under suspension of the rules. (consideration: CR H2656-2658) Floor H30000 2 House floor actions 2023-05-30 16:59:09 Mrs. Wagner moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2023-05-30 Placed on the Union Calendar, Calendar No. 56. Calendars H12410 2 House floor actions U00056 2023-05-30 Reported (Amended) by the Committee on Financial Services. H. Rept. 118-77. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2023-05-30 Reported (Amended) by the Committee on Financial Services. H. Rept. 118-77. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2023-04-26 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 42 - 1. Committee 2023-04-26 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2023-04-24 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-04-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-04-24 Introduced in House IntroReferral 1000 9 Library of Congress F000474 Rep. Flood, Mike [R-NE-1] Mike Flood R NE 1 N N000194 Rep. Nickel, Wiley [D-NC-13] Wiley Nickel D NC 13 2023-04-24 True L000599 Rep. Lawler, Michael [R-NY-17] Michael Lawler R NY 17 2023-04-25 False T000488 Rep. Thanedar, Shri [D-MI-13] Shri Thanedar D MI 13 2023-05-30 False 2023-05-19T15:15:00Z H.R. 2797, Equal Opportunity for All Investors Act of 2023 https://www.cbo.gov/publication/59187 As ordered reported by the House Committee on Financial Services on April 26, 2023 Finance and Financial Sector Banking and financial institutions regulation 2023-05-26T16:15:20Z Financial services and investments 2023-05-26T16:15:20Z Securities 2023-05-26T16:15:20Z Finance and Financial Sector 2023-04-26T14:00:20Z

00 2023-04-24 Introduced in House 2023-06-01T17:47:01Z 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 <ul> <li>must be designed with an appropriate difficulty level such that an individual with financial sophistication or training would be unlikely to fail,</li> <li>may include methods to determine competency in certain areas, and </li> <li>must be administered by a registered national securities association and offered free of charge to the public. </li> </ul> 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.

07 2023-05-30 Reported to House 2023-06-05T18:46:21Z 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 <ul> <li>be designed with an appropriate difficulty level such that an individual with financial sophistication or training would be unlikely to fail,</li> <li>include methods to determine competency in certain areas, and </li> <li>be administered by a registered national securities association and offered free of charge to the public. </li> </ul> 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.

53 2023-05-31 Passed House 2023-09-18T12:55:10Z 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 <ul> <li>be designed with an appropriate difficulty level such that an individual with financial sophistication or training would be unlikely to fail,</li> <li>include methods to determine competency in certain areas, and </li> <li>be administered by a registered national securities association and offered free of charge to the public. </li> </ul> 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.

Equal Opportunity for All Investors Act of 2023 Display Title 45 Equal Opportunity for All Investors Act of 2023 2024-07-24T15:18:18Z Short Titles from RFS (Referred to Senate) bill text 255 Equal Opportunity for All Investors Act of 2023 2024-07-24T15:16:08Z S Senate Referred in Senate RFS Short Title(s) as Introduced 101 Equal Opportunity for All Investors Act of 2023 2024-05-24T13:40:51Z Introduced in House IH Short Title(s) as Reported to House 102 Equal Opportunity for All Investors Act of 2023 2024-05-24T13:39:51Z H House Reported in House RH Short Title(s) as Passed House 104 Equal Opportunity for All Investors Act of 2023 2024-05-24T13:39:50Z H House Engrossed in House EH Official Title as Introduced 6 To amend the Securities Act of 1933 to require certification examinations for accredited investors, and for other purposes. 2024-03-18T20:54:59Z Introduced in House IH Referred in Senate 2023-06-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr2797rfs/xml/BILLS-118hr2797rfs.xml Engrossed in House 2023-05-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr2797eh/xml/BILLS-118hr2797eh.xml Reported in House 2023-05-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr2797rh/xml/BILLS-118hr2797rh.xml Introduced in House 2023-04-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr2797ih/xml/BILLS-118hr2797ih.xml 2023-06-01 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.