Investment Opportunity Expansion Act

I 118TH CONGRESS 1ST SESSION H. R. 2652 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. IN THE HOUSE OF REPRESENTATIVES APRIL 17, 2023 Mr. MOONEY introduced the following bill; which was referred to the Committee on Financial Services A BILL 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 Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Investment Oppor- 4 tunity Expansion Act’’. 5 SEC. 2. INVESTMENT THRESHOLDS TO QUALIFY AS AN AC- 6 CREDITED INVESTOR. 7 Section 2(a)(15) of the Securities Act of 1933 (15 8 U.S.C. 77b(a)(15)) is amended— 9 VerDate Sep 11 2014 03:17 Apr 21, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2652.IH H2652 pbinns on DSKJLVW7X2PROD with $$_JOB 2 •HR 2652 IH (1) by redesignating subparagraphs (i) and (ii) 1 as subparagraphs (A) and (B), respectively; 2 (2) in subparagraph (A), as so redesignated, by 3 striking ‘‘adviser; or’’ and inserting ‘‘adviser;’’; 4 (3) in subparagraph (B), as so redesignated, by 5 striking the period at the end and inserting ‘‘; or’’; 6 and 7 (4) by adding at the end the following: 8 ‘‘(C) with respect to a proposed transaction, 9 any individual whose aggregate investment, at the 10 completion of such transaction, in securities with re- 11 spect to which there has not been a public offering 12 is not more than 10 percent of the greater of— 13 ‘‘(i) the net assets of the individual; or 14 ‘‘(ii) the annual income of the individual.’’. 15 Æ VerDate Sep 11 2014 03:17 Apr 21, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H2652.IH H2652 pbinns on DSKJLVW7X2PROD with $$_JOB