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Proposal:Accredited Investor Self-Certification Act

This proposal is archived and closed to further debate. It was introduced in the 117th Congress, which has concluded, and the bill was not enacted into law.
Bill HR 4753
Type of Legislation House Bill
Congress 117
Status Archived — 117th Congress concluded
Source View original on Congress.gov
Geographic Scope
National

Description

Accredited Investor Self-Certification Act

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 by certifying to the issuer of securities that the individual understands the risks of investment in private issuers. Currently, accredited investors must satisfy certain requirements indicating their reduced exposure to financial risk, including those related to income, net worth, or knowledge and experience.

Bill Title

Accredited Investor Self-Certification Act

Linked Goals

Steps

  • 2021-07-28: Referred to the House Committee on Financial Services.
  • 2021-07-28: Introduced in House
  • 2021-07-28: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.

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