[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2652 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 2652

   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

                             April 17, 2023

  Mr. Mooney 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) by redesignating subparagraphs (i) and (ii) as 
        subparagraphs (A) and (B), respectively;
            (2) in subparagraph (A), as so redesignated, by striking 
        ``adviser; or'' and inserting ``adviser;'';
            (3) in subparagraph (B), as so redesignated, by striking 
        the period at the end and inserting ``; or''; and
            (4) by adding at the end the following:
            ``(C) 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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