H.R. 3394 · Where this bill is now
In the Senate
Passed the House Jun 23, 2025. Received Jun 24, 2025; no Senate vote yet
What this bill does
In plain words · AI-written from the official summaryOpens private investment opportunities to experienced professionals
Right now, certain private investment opportunities are only open to people who meet specific financial requirements—like having a certain amount of money in the bank. This bill would let the SEC add another way for people to qualify: if they have professional knowledge and experience in investing, they could participate in these private offerings too. The bill also officially recognizes some existing ways people currently qualify, like if they work as a broker or investment adviser.
How it affects you
If you're a financial professional or investor with significant education or experience in the field, this could open up new private investment opportunities that weren't available to you before, even if you don't meet traditional wealth requirements. For most other people, this change won't directly affect your daily life.
Read the official summary (Introduced in House, May 14, 2025)
Fair Investment Opportunities for Professional Experts Act
This 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.
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. 3394
AN ACT
Fair Investment Opportunities for Professional Experts Act
Sponsor: Rep. J. French Hill (R-AR-2) · Introduced May 14, 2025 · Finance and Financial Sector · 4 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jun 24, 2025: “Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”
How Congress voted
Official roll callsHouse · On Motion to Suspend the Rules and Pass, as Amended · Jun 23, 2025
Motion to Suspend the Rules and Pass, as Amended Passed 397–12
| Party | Yes | No | Didn’t vote |
|---|---|---|---|
| Democrats | 186 | 12 | 14 |
| Republicans | 211 | 0 | 9 |
12 members voted against most of their party: 12 Democrats voted No.
Congress votes on whole bills and amendments, not on single sections.