Pipeline · Bill → Law
Step 1
Introduced
Mar 14, 2023
Step 2
Referred
Mar 14, 2023
Financial Services · Banking, Housing, and Urban Affairs
Step 3
Committee
Apr 26, 2023
Reported out
Step 4
House floor
Step 5
Senate
Jun 6, 2023
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill revises 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 the Securities and Exchange Commission (SEC) discretion in determining what certifications, designations, or credentials investors must possess for purposes of investor protection, provided that the credentials are at least as broad as the existing regulations. Additionally, the SEC must review these credentials every five years.
Timeline · 12 actions
Jun 6, 2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 5, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-92.
Jun 5, 2023
Placed on the Union Calendar, Calendar No. 69.
Jun 5, 2023
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
Jun 5, 2023
Considered under suspension of the rules.
Jun 5, 2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 1579.
Jun 5, 2023
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Jun 5, 2023
Motion to reconsider laid on the table Agreed to without objection.
Apr 26, 2023
Committee Consideration and Mark-up Session Held.
Apr 26, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 41 - 2.
Mar 14, 2023
Introduced in House
Mar 14, 2023
Referred to the House Committee on Financial Services.