| 1 | 1 | | I |
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| 2 | 2 | | 118THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 2652 |
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| 5 | 5 | | To amend the Securities Act of 1933 to add additional investment thresholds |
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| 6 | 6 | | for an individual to qualify as an accredited investor, and for other purposes. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | APRIL17, 2023 |
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| 9 | 9 | | Mr. M |
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| 10 | 10 | | OONEYintroduced the following bill; which was referred to the |
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| 11 | 11 | | Committee on Financial Services |
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| 12 | 12 | | A BILL |
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| 13 | 13 | | To amend the Securities Act of 1933 to add additional |
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| 14 | 14 | | investment thresholds for an individual to qualify as an |
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| 15 | 15 | | accredited investor, and for other purposes. |
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| 16 | 16 | | Be it enacted by the Senate and House of Representa-1 |
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| 17 | 17 | | tives of the United States of America in Congress assembled, 2 |
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| 18 | 18 | | SECTION 1. SHORT TITLE. 3 |
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| 19 | 19 | | This Act may be cited as the ‘‘Investment Oppor-4 |
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| 20 | 20 | | tunity Expansion Act’’. 5 |
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| 21 | 21 | | SEC. 2. INVESTMENT THRESHOLDS TO QUALIFY AS AN AC-6 |
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| 22 | 22 | | CREDITED INVESTOR. 7 |
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| 23 | 23 | | Section 2(a)(15) of the Securities Act of 1933 (15 8 |
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| 24 | 24 | | U.S.C. 77b(a)(15)) is amended— 9 |
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| 25 | 25 | | VerDate Sep 11 2014 03:17 Apr 21, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2652.IH H2652 |
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| 26 | 26 | | pbinns on DSKJLVW7X2PROD with $$_JOB 2 |
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| 27 | 27 | | •HR 2652 IH |
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| 28 | 28 | | (1) by redesignating subparagraphs (i) and (ii) 1 |
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| 29 | 29 | | as subparagraphs (A) and (B), respectively; 2 |
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| 30 | 30 | | (2) in subparagraph (A), as so redesignated, by 3 |
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| 31 | 31 | | striking ‘‘adviser; or’’ and inserting ‘‘adviser;’’; 4 |
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| 32 | 32 | | (3) in subparagraph (B), as so redesignated, by 5 |
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| 33 | 33 | | striking the period at the end and inserting ‘‘; or’’; 6 |
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| 34 | 34 | | and 7 |
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| 35 | 35 | | (4) by adding at the end the following: 8 |
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| 36 | 36 | | ‘‘(C) with respect to a proposed transaction, 9 |
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| 37 | 37 | | any individual whose aggregate investment, at the 10 |
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| 38 | 38 | | completion of such transaction, in securities with re-11 |
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| 39 | 39 | | spect to which there has not been a public offering 12 |
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| 40 | 40 | | is not more than 10 percent of the greater of— 13 |
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| 41 | 41 | | ‘‘(i) the net assets of the individual; or 14 |
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| 42 | 42 | | ‘‘(ii) the annual income of the individual.’’. 15 |
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| 43 | 43 | | Æ |
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| 44 | 44 | | VerDate Sep 11 2014 03:17 Apr 21, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H2652.IH H2652 |
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| 45 | 45 | | pbinns on DSKJLVW7X2PROD with $$_JOB |
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