117 HR 9405 IH: Investment Opportunity Expansion Act U.S. House of Representatives 2022-12-02 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.

I117th CONGRESS2d SessionH. R. 9405IN THE HOUSE OF REPRESENTATIVESDecember 2, 2022Mr. Budd introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo amend the Securities Act of 1933 to add additional investment thresholds for an individual to qualify as an accredited investor, and for other purposes.

1.

Short title

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

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..