H.R. 3394
Expands who qualifies as an accredited investor
Adds people with qualifying professional or educational knowledge to the group allowed to buy certain private securities, with the Securities and Exchange Commission deciding who qualifies.
- Adds professional or educational experience as a way to qualify as an accredited investor
- The Securities and Exchange Commission decides who has qualifying knowledge
- Keeps existing criteria such as broker or investment adviser licensing, salary and net worth
- Directs the commission to update its rule for private offerings to match the changes
Passed the House · Senate's turn