[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 3709 Introduced in Senate (IS)]

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118th CONGRESS
  2d Session
                                S. 3709

   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 SENATE OF THE UNITED STATES

                            January 31, 2024

    Mr. Budd (for himself, Ms. Smith, and Mr. Braun) introduced the 
 following bill; which was read twice and referred to the Committee on 
                  Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 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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