Pipeline · Bill → Law
Step 1
Introduced
Apr 17, 2023
Step 2
Referred
Apr 17, 2023
Financial Services
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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 their aggregate investment in such a securities offering is not more than 10% of the individual's net assets or 10% of the individual's annual income, whichever is greater.
Timeline · 2 actions
Apr 17, 2023
Introduced in House
Apr 17, 2023
Referred to the House Committee on Financial Services.