Bills · 119th Congress · Finance and Financial Sector

Fair Investment Opportunities for Professional Experts Act

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Roll calls on this bill

Votes on passage
HouseOn Motion to Suspend the Rules and Pass, as Amended · 6/23/25Suspension of the rulesA fast-track House procedure, usually for measures expected to have broad support. Debate is limited to 40 minutes, no amendments can be offered, and it needs a two-thirds vote of members voting — not a simple majority. A yes vote passes the bill. “As amended” means changes written into the motion itself are included.Rules of the House, Rule XV, clause 1 ↗
Passed
  • Democratic186 Yea · 12 Nay · 14 Not voting
  • Republican210 Yea · 0 Nay · 9 Not voting
  • Independent / Other1 Yea · 0 Nay · 0 Not voting
Official summary (CRS)

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.

Full text on congress.gov ↗
Sponsor
Rep. J. French Hill ( Republican · AR-2)
Cosponsors
3
Introduced
5/14/25
Policy area
Finance and Financial Sector
Status
5/14/25Referred to the House Committee on Financial Services.
5/14/25Introduced in House
5/20/25Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 1.
5/20/25Committee Consideration and Mark-up Session Held
6/3/25Placed on the Union Calendar, Calendar No. 85.
6/3/25Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.
6/23/25Motion to reconsider laid on the table Agreed to without objection.
6/23/25On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 12 (Roll no. 173). (text: CR H2869-2870)
6/23/25Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 12 (Roll no. 173). (text: CR H2869-2870)
6/23/25Considered as unfinished business. (consideration: CR H2878-2879)
6/23/25At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
6/23/25DEBATE - The House proceeded with forty minutes of debate on H.R. 3394.
6/23/25Considered under suspension of the rules. (consideration: CR H2869-2871)
6/23/25Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
6/24/25Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.