<billStatus>
 <version>
  3.0.0
 </version>
 <bill>
  <number>
   3328
  </number>
  <updateDate>
   2023-01-11T13:49:42Z
  </updateDate>
  <updateDateIncludingText>
   2023-01-11T13:49:42Z
  </updateDateIncludingText>
  <originChamber>
   House
  </originChamber>
  <type>
   HR
  </type>
  <introducedDate>
   2021-05-19
  </introducedDate>
  <congress>
   117
  </congress>
  <constitutionalAuthorityStatementText>
   &lt;pre&gt;[Congressional Record Volume 167, Number 87 (Wednesday, May 19, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. HILL:H.R. 3328.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1[Page H2613]&lt;/pre&gt;
  </constitutionalAuthorityStatementText>
  <committees>
   <item>
    <systemCode>
     hsba00
    </systemCode>
    <name>
     Financial Services Committee
    </name>
    <chamber>
     House
    </chamber>
    <type>
     Standing
    </type>
    <activities>
     <item>
      <name>
       Referred to
      </name>
      <date>
       2021-05-19T14:01:25Z
      </date>
     </item>
    </activities>
   </item>
  </committees>
  <actions>
   <item>
    <actionDate>
     2021-05-19
    </actionDate>
    <text>
     Referred to the House Committee on Financial Services.
    </text>
    <type>
     IntroReferral
    </type>
    <actionCode>
     H11100
    </actionCode>
    <sourceSystem>
     <code>
      2
     </code>
     <name>
      House floor actions
     </name>
    </sourceSystem>
    <committees>
     <item>
      <systemCode>
       hsba00
      </systemCode>
      <name>
       Financial Services Committee
      </name>
     </item>
    </committees>
   </item>
   <item>
    <actionDate>
     2021-05-19
    </actionDate>
    <text>
     Introduced in House
    </text>
    <type>
     IntroReferral
    </type>
    <actionCode>
     Intro-H
    </actionCode>
    <sourceSystem>
     <code>
      9
     </code>
     <name>
      Library of Congress
     </name>
    </sourceSystem>
   </item>
   <item>
    <actionDate>
     2021-05-19
    </actionDate>
    <text>
     Introduced in House
    </text>
    <type>
     IntroReferral
    </type>
    <actionCode>
     1000
    </actionCode>
    <sourceSystem>
     <code>
      9
     </code>
     <name>
      Library of Congress
     </name>
    </sourceSystem>
   </item>
  </actions>
  <sponsors>
   <item>
    <bioguideId>
     H001072
    </bioguideId>
    <fullName>
     Rep. Hill, J. French [R-AR-2]
    </fullName>
    <firstName>
     J.
    </firstName>
    <lastName>
     Hill
    </lastName>
    <party>
     R
    </party>
    <state>
     AR
    </state>
    <middleName>
     French
    </middleName>
    <district>
     2
    </district>
    <isByRequest>
     N
    </isByRequest>
   </item>
  </sponsors>
  <cosponsors>
   <item>
    <bioguideId>
     S001183
    </bioguideId>
    <fullName>
     Rep. Schweikert, David [R-AZ-6]
    </fullName>
    <firstName>
     David
    </firstName>
    <lastName>
     Schweikert
    </lastName>
    <party>
     R
    </party>
    <state>
     AZ
    </state>
    <district>
     6
    </district>
    <sponsorshipDate>
     2021-05-19
    </sponsorshipDate>
    <isOriginalCosponsor>
     True
    </isOriginalCosponsor>
   </item>
   <item>
    <bioguideId>
     D000032
    </bioguideId>
    <fullName>
     Rep. Donalds, Byron [R-FL-19]
    </fullName>
    <firstName>
     Byron
    </firstName>
    <lastName>
     Donalds
    </lastName>
    <party>
     R
    </party>
    <state>
     FL
    </state>
    <district>
     19
    </district>
    <sponsorshipDate>
     2022-08-19
    </sponsorshipDate>
    <isOriginalCosponsor>
     False
    </isOriginalCosponsor>
   </item>
  </cosponsors>
  <policyArea>
   <name>
    Finance and Financial Sector
   </name>
  </policyArea>
  <subjects>
   <legislativeSubjects/>
   <policyArea>
    <name>
     Finance and Financial Sector
    </name>
   </policyArea>
  </subjects>
  <summaries>
   <summary>
    <versionCode>
     00
    </versionCode>
    <actionDate>
     2021-05-19
    </actionDate>
    <actionDesc>
     Introduced in House
    </actionDesc>
    <updateDate>
     2021-10-27T19:20:47Z
    </updateDate>
    <text>
     &lt;p&gt;&lt;b&gt;Fair Investment Opportunities for Professional Experts Act&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill modifies the definition of &lt;em&gt;accredited investor&lt;/em&gt; for purposes of participating in private offerings of securities to include&lt;/p&gt; &lt;ul&gt; &lt;li&gt;an individual whose net worth or joint net worth with their spouse exceeds $1 million (adjusted for inflation), excluding from the calculation of their net worth their primary residence and a mortgage secured by that residence in certain circumstances; &lt;/li&gt; &lt;li&gt;an individual whose income over the last two years exceeded $200,000 (adjusted for inflation) or joint spousal income exceeded $300,000 (adjusted for inflation) and who has a reasonable expectation of reaching the same income level in the current year; &lt;/li&gt; &lt;li&gt;an individual who is licensed as a broker or investment advisor by certain regulatory entities; and &lt;/li&gt; &lt;li&gt;an individual determined by the Securities and Exchange Commission (SEC) to have qualifying education or experience. &lt;/li&gt; &lt;/ul&gt; &lt;p&gt;(Certain unregistered securities may only be offered to accredited investors.)&lt;/p&gt; &lt;p&gt;The SEC is directed to revise the definition of &lt;em&gt;accredited investor&lt;/em&gt; in Regulation D (which exempts certain offerings from SEC registration requirements) to conform to changes in this bill.&lt;/p&gt;
    </text>
   </summary>
  </summaries>
  <title>
   Fair Investment Opportunities for Professional Experts Act
  </title>
  <titles>
   <item>
    <titleType>
     Display Title
    </titleType>
    <title>
     Fair Investment Opportunities for Professional Experts Act
    </title>
   </item>
   <item>
    <titleType>
     Official Title as Introduced
    </titleType>
    <title>
     To amend the Securities Act of 1933 to codify certain qualifications of individuals as accredited investors for purposes of the securities laws.
    </title>
    <billTextVersionName>
     Introduced in House
    </billTextVersionName>
    <billTextVersionCode>
     IH
    </billTextVersionCode>
   </item>
   <item>
    <titleType>
     Short Title(s) as Introduced
    </titleType>
    <title>
     Fair Investment Opportunities for Professional Experts Act
    </title>
    <billTextVersionName>
     Introduced in House
    </billTextVersionName>
    <billTextVersionCode>
     IH
    </billTextVersionCode>
   </item>
  </titles>
  <textVersions>
   <item>
    <type>
     Introduced in House
    </type>
    <date>
     2021-05-19T04:00:00Z
    </date>
    <formats>
     <item>
      <url>
       https://www.govinfo.gov/content/pkg/BILLS-117hr3328ih/xml/BILLS-117hr3328ih.xml
      </url>
     </item>
    </formats>
   </item>
  </textVersions>
  <latestAction>
   <actionDate>
    2021-05-19
   </actionDate>
   <text>
    Referred to the House Committee on Financial Services.
   </text>
  </latestAction>
 </bill>
 <dublinCore xmlns:dc="http://purl.org/dc/elements/1.1/">
  <dc:format>
   text/xml
  </dc:format>
  <dc:language>
   EN
  </dc:language>
  <dc:rights>
   Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
  </dc:rights>
  <dc:contributor>
   Congressional Research Service, Library of Congress
  </dc:contributor>
  <dc:description>
   This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
  </dc:description>
 </dublinCore>
</billStatus>

H11100
2021-05-19
Financial Services Committee
hsba00
2
House floor actions
Referred to the House Committee on Financial Services.
IntroReferral
Intro-H
2021-05-19
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-05-19
9
Library of Congress
Introduced in House
IntroReferral
2021-05-19T14:01:25Z
Referred to
House
Financial Services Committee
hsba00
Standing
S001183
6
David
Rep. Schweikert, David [R-AZ-6]
Schweikert
R
2021-05-19
AZ
D000032
19
Byron
Rep. Donalds, Byron [R-FL-19]
Donalds
R
2022-08-19
FL
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-05-19
2021-05-19
Referred to the House Committee on Financial Services.
House
Finance and Financial Sector
H001072
2
J.
Rep. Hill, J. French [R-AR-2]
N
Hill
French
R
AR
2021-05-19
Introduced in House
 <p><b>Fair Investment Opportunities for Professional Experts Act</b></p> <p>This bill modifies the definition of <em>accredited investor</em> for purposes of participating in private offerings of securities to include</p> <ul> <li>an individual whose net worth or joint net worth with their spouse exceeds $1 million (adjusted for inflation), excluding from the calculation of their net worth their primary residence and a mortgage secured by that residence in certain circumstances; </li> <li>an individual whose income over the last two years exceeded $200,000 (adjusted for inflation) or joint spousal income exceeded $300,000 (adjusted for inflation) and who has a reasonable expectation of reaching the same income level in the current year; </li> <li>an individual who is licensed as a broker or investment advisor by certain regulatory entities; and </li> <li>an individual determined by the Securities and Exchange Commission (SEC) to have qualifying education or experience. </li> </ul> <p>(Certain unregistered securities may only be offered to accredited investors.)</p> <p>The SEC is directed to revise the definition of <em>accredited investor</em> in Regulation D (which exempts certain offerings from SEC registration requirements) to conform to changes in this bill.</p>
2021-10-27T19:20:47Z
00
2021-05-19T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr3328ih/xml/BILLS-117hr3328ih.xml
Fair Investment Opportunities for Professional Experts Act
Fair Investment Opportunities for Professional Experts Act
Display Title
IH
Introduced in House
To amend the Securities Act of 1933 to codify certain qualifications of individuals as accredited investors for purposes of the securities laws.
Official Title as Introduced
IH
Introduced in House
Fair Investment Opportunities for Professional Experts Act
Short Title(s) as Introduced
HR
2023-01-11T13:49:42Z
2023-01-11T13:49:42Z
3.0.0
H11100
2021-05-19
Financial Services Committee
hsba00
2
House floor actions
Referred to the House Committee on Financial Services.
IntroReferral
Intro-H
2021-05-19
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-05-19
9
Library of Congress
Introduced in House
IntroReferral
H001072
2
J.
Rep. Hill, J. French [R-AR-2]
N
Hill
French
R
AR
S001183
6
David
Rep. Schweikert, David [R-AZ-6]
Schweikert
R
2021-05-19
AZ
D000032
19
Byron
Rep. Donalds, Byron [R-FL-19]
Donalds
R
2022-08-19
FL
2021-05-19
Introduced in House
 <p><b>Fair Investment Opportunities for Professional Experts Act</b></p> <p>This bill modifies the definition of <em>accredited investor</em> for purposes of participating in private offerings of securities to include</p> <ul> <li>an individual whose net worth or joint net worth with their spouse exceeds $1 million (adjusted for inflation), excluding from the calculation of their net worth their primary residence and a mortgage secured by that residence in certain circumstances; </li> <li>an individual whose income over the last two years exceeded $200,000 (adjusted for inflation) or joint spousal income exceeded $300,000 (adjusted for inflation) and who has a reasonable expectation of reaching the same income level in the current year; </li> <li>an individual who is licensed as a broker or investment advisor by certain regulatory entities; and </li> <li>an individual determined by the Securities and Exchange Commission (SEC) to have qualifying education or experience. </li> </ul> <p>(Certain unregistered securities may only be offered to accredited investors.)</p> <p>The SEC is directed to revise the definition of <em>accredited investor</em> in Regulation D (which exempts certain offerings from SEC registration requirements) to conform to changes in this bill.</p>
2021-10-27T19:20:47Z
00
Fair Investment Opportunities for Professional Experts Act
Fair Investment Opportunities for Professional Experts Act
Display Title
IH
Introduced in House
To amend the Securities Act of 1933 to codify certain qualifications of individuals as accredited investors for purposes of the securities laws.
Official Title as Introduced
IH
Introduced in House
Fair Investment Opportunities for Professional Experts Act
Short Title(s) as Introduced
2021-05-19
Referred to the House Committee on Financial Services.