Fair Investment Opportunities for Professional Experts Act
Latest action (Jun 24, 2025) — Received in the Senate and Read twice and on Banking, Housing, and Urban Affairs.
What it does
Congressional Research Service, May 14, 2025This bill expands the eligibility criteria for an accredited investor for purposes of participating in private offerings of securities to include an individual determined by the Securities and Exchange Commission (SEC) to have qualifying professional knowledge through educational or professional experience. (Certain unregistered securities may only be offered to accredited investors.)
The bill also provides statutory authority for certain existing criteria for an accredited investor, including licensure or registration in good standing as a broker or investment adviser, specified annual salary, and specified net worth.
Further, the SEC is directed to revise the definition of accredited investor in Regulation D (which exempts certain offerings from SEC registration requirements) to conform to changes in this bill.
Face Value
as passed the HouseHow much of this bill its name accounts for.
- Every bill starts at100
- Nothing counted against it: one area of law, and short enough that length doesn't register.
Face Value measures reach, not honesty. A big bill can be accurately named, and a low score is not an accusation — it means the contents reach further than any short title could describe. Count it yourself ↗ How this is worked out
What Congress did
1 recordedOn , as Amendeddecisive vote
House · Jun 23, 2025
A fast-track vote: no amendments, short debate, and two thirds needed to pass. Used for bills expected to be uncontroversial.
Who lobbied on this
3 organizationsThese organizations told Congress, in their own quarterly disclosures, that they were lobbying on this bill.
- Biotechnology Innovation Organizationno position stated
“…Equal Opportunity for All Investors Act of 2025 ---H.R.3348: Accredited Investor Definition Review Act ---H.R.3382/S.2924: Small Entity Update Act ---H.R.3394: Fair Investment Opportunities for Professional Experts Act Capital Market Enhancements ---Accredited Investor Definition ---Public Float…” filing ↗
- Pacific Life Insurance Companyno position stated
“…Issue: Retirement security *H.R. 3394 Fair Investment Opportunities for Professional Experts Act This bill expands the eligibility criteria for an accredited investor for…” filing ↗
- Securities Industry and Financial Markets Associationno position stated
“…H.R. 3394, Fair Investment Opportunities for Professional Experts…” filing ↗
Most filings say only that an organization lobbied on a bill, not which side it took — where that's the case we say so rather than guessing. Quotes are verbatim from the filing. How this is built.
Discussion
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