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House Bill 2652
118th Congress(2023-2024)
Investment Opportunity Expansion Act
Introduced
Introduced
Introduced in House on Apr 17, 2023
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Text
Introduced in House 
Apr 17, 2023
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Introduced in House(Apr 17, 2023)
Apr 17, 2023
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 2652 (Introduced-in-House)


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.”.