Accredited Investor Definition Review Act
Introduced May 13, 2025 by Rep. Bill Huizenga
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
This bill revises who may be considered an accredited investor for purposes of participating in private offerings of securities. Certain unregistered securities may only be offered to accredited investors.
Specifically, the bill allows the Securities and Exchange Commission (SEC) discretion in determining what certifications, designations, or credentials investors must possess for purposes of investor protection, provided that the credentials are at least as broad as the existing regulations and include those professional licenses currently approved by the SEC. Additionally, the SEC must review these credentials every five years.
Summary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.