Bill Sponsor
BILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 1585
115th Congress(2017-2018)
Fair Investment Opportunities for Professional Experts Act
Active
Active
Passed House on Nov 1, 2017
Overview
Text
No Linkage Found
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.
No Linkage Found
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.
Jump To
H. R. 1585 (Introduced-in-House)


115th CONGRESS
1st Session
H. R. 1585


To amend the Securities Act of 1933 to codify certain qualifications of individuals as accredited investors for purposes of the securities laws.

IN THE HOUSE OF REPRESENTATIVES

March 16, 2017

Mr. Schweikert (for himself, Ms. Sinema, Mr. Royce of California, Mr. Hill, Mrs. Carolyn B. Maloney of New York, Mr. Yoho, Mr. LaMalfa, Mr. Hultgren, Mr. Gottheimer, Mr. Davidson, and Mr. Polis) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Securities Act of 1933 to codify certain qualifications of individuals as accredited investors for purposes of the securities laws.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Definition of accredited investor.

Section 2(a)(15)(ii) of the Securities Act of 1933 (15 U.S.C. 77b(a)(15)(ii)) is amended by striking the period at the end and inserting the following:

““, and shall include—

“(I) any natural person whose individual net worth, or joint net worth with that person’s spouse, exceeds $1,000,000, not including the value of such person’s primary residence owned either individually or jointly with his or her spouse;

“(II) any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year;

“(III) any natural person who holds a current financial services-related license issued by a State; and

“(IV) any natural person the Commission determines, by regulation, to have demonstrable education or job experience to qualify such person as having professional knowledge of a subject related to a particular investment, and whose education or job experience is verified by the Financial Industry Regulatory Authority.”.