[Congressional Record Volume 169, Number 98 (Tuesday, June 6, 2023)]
[Extensions of Remarks]
[Page E525]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




            EQUAL OPPORTUNITY FOR ALL INVESTORS ACT OF 2023

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                               speech of

                            HON. MIKE FLOOD

                              of nebraska

                    in the house of representatives

                         Tuesday, May 30, 2023

  Mr. FLOOD. Mr. Speaker, H.R. 2797 (Equal Opportunity for All 
Investors Act of 2023) would require the SEC to establish an 
examination to certify specified individuals as accredited investors. 
The Act further states that the examination shall be administered and 
offered free of charge to the public by a registered national 
securities association, such as FINRA. The sponsors of the legislation 
do not intend to create an unfunded mandate for FINRA or any other 
national securities association to administer this examination. While 
the Act would require the examination to be administered and offered to 
the public free of charge, the sponsors acknowledge that FINRA or any 
other national securities association may recover administrative costs 
in other ways, including a contract with the Securities and Exchange 
Commission that includes fee for services.

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