Investment Opportunity Expansion Act
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 if the investment is not more than 10% of the individual's net assets or 10% of the individual's annual income, whichever is greater.
To amend the Securities Act of 1933 to add additional investment 
thresholds for an individual to qualify as an accredited investor, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Investment Opportunity Expansion 
Act''.

SEC. 2. INVESTMENT THRESHOLDS TO QUALIFY AS AN ACCREDITED INVESTOR.

    Section 2(a)(15) of the Securities Act of 1933 (15 U.S.C. 
77b(a)(15)) is amended--
            (1) in clause (i), by striking ``or'' at the end;
            (2) in clause (ii), by striking the period at the end and 
        inserting ``; or''; and
            (3) by adding at the end the following:
                    ``(iii) with respect to a proposed transaction, any 
                individual whose aggregate investment, at the 
                completion of such transaction, in securities with 
                respect to which there has not been a public offering 
                is not more than 10 percent of the greater of--
                            ``(I) the net assets of the individual; or
                            ``(II) the annual income of the 
                        individual.''.
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Investment Opportunity Expansion Act
To amend the Securities Act of 1933 to add additional investment thresholds for an individual to qualify as an accredited investor, and for other purposes.
Investment Opportunity Expansion Act
Rep. Budd, Ted