<?xml version="1.0" encoding="UTF-8"?><BillSummaries>
    <item congress="119" measure-type="hr" measure-number="3394" measure-id="id119hr3394" originChamber="HOUSE" orig-publish-date="2025-05-14" update-date="2025-06-23">
        <title>Fair Investment Opportunities for Professional Experts Act</title>
        <summary summary-id="id119hr3394v00" currentChamber="HOUSE" update-date="2025-06-23">
            <action-date>2025-05-14</action-date>
            <action-desc>Introduced in House</action-desc>
            <summary-text><![CDATA[<p><strong>Fair Investment Opportunities for Professional Experts Act</strong></p><p>This bill expands the eligibility criteria for an <em>accredited investor</em> 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.)</p><p>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.</p><p>Further, the SEC is directed to revise the definition of <em>accredited investor</em> in Regulation D (which exempts certain offerings from SEC registration requirements) to conform to changes in this bill.</p>]]></summary-text>
        </summary>
    </item>
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        <dc:language>EN</dc:language>
        <dc:rights>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.</dc:rights>
        <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
        <dc:description>This file contains bill summaries 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.</dc:description>
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</BillSummaries>
