H.R. 3339 · Where this bill is now
In the Senate
Passed the House Jul 21, 2025. Received Jul 22, 2025; no Senate vote yet
What this bill does
In plain words · AI-written from the official summaryLets more people invest in private securities
Right now, only certain wealthy people or those with financial expertise can invest in private offerings of securities (basically, unregistered investments). This bill would add a new way for people to qualify as accredited investors: by passing an exam created by the Securities and Exchange Commission. The exam would test whether someone understands key financial concepts like how different securities work and what disclosures companies must make.
How it affects you
If you're interested in private investment opportunities but don't meet the current income or net worth requirements, you could potentially gain access by passing this free, publicly-offered exam. The change applies to individuals who want to participate in private securities offerings, giving those with financial knowledge another pathway to invest, even if they haven't accumulated significant wealth yet.
Read the official summary (Introduced in House, May 13, 2025)
Equal Opportunity for All Investors Act of 2025
This bill expands 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 an individual to qualify through an examination established by the Securities and Exchange Commission. The examination must
• be designed with an appropriate difficulty level such that an individual with financial sophistication or training would be unlikely to fail,
• include methods to determine competency and knowledge in certain areas such as the disclosure requirements of different securities, and
• be administered by a registered national securities association and offered free of charge to the public.
Currently, accredited investors must satisfy certain requirements indicating their reduced exposure to financial risk, including those related to income, net worth, or knowledge and experience.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 3339
AN ACT
Equal Opportunity for All Investors Act of 2025
Sponsor: Rep. Mike Flood (R-NE-1) · Introduced May 13, 2025 · Finance and Financial Sector · 4 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jul 22, 2025: “Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”