[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9405 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 9405

   To amend the Securities Act of 1933 to add additional investment 
thresholds for an individual to qualify as an accredited investor, and 
                          for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            December 2, 2022

   Mr. Budd introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
   To amend the Securities Act of 1933 to add additional investment 
thresholds for an individual to qualify as an accredited investor, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Investment Opportunity Expansion 
Act''.

SEC. 2. INVESTMENT THRESHOLDS TO QUALIFY AS AN ACCREDITED INVESTOR.

    Section 2(a)(15) of the Securities Act of 1933 (15 U.S.C. 
77b(a)(15)) is amended--
            (1) in clause (i), by striking ``or'' at the end;
            (2) in clause (ii), by striking the period at the end and 
        inserting ``; or''; and
            (3) by adding at the end the following:
                    ``(iii) with respect to a proposed transaction, any 
                individual whose aggregate investment, at the 
                completion of such transaction, in securities with 
                respect to which there has not been a public offering 
                is not more than 10 percent of the greater of--
                            ``(I) the net assets of the individual; or
                            ``(II) the annual income of the 
                        individual.''.
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