Federal · H.R. 2797 · 118th Congress
Equal Opportunity for All Investors Act of 2023
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.
First two sentences of the Congressional Research Service's summary · Congress.gov ↗
This bill expands who may be considered an accredited investor for purposes of participating in private offerings of securities.
Passed the House on May 31, 2023. Waiting on the Senate.
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First two sentences of the Congressional Research Service's summary · Congress.gov ↗. A plain-words version comes later. Official page ↗
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Latest final vote: Passed · U.S. House · May 31, 2023
Official record ↗Constitution
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All votes
U.S. House · May 31, 2023 · Final passage
On Motion to Suspend the Rules and Pass, as Amended · Passed
Official record ↗By party
| Party | Yes | No | Present | Not voting |
|---|---|---|---|---|
| Republican | 175 | 0 | 0 | 11 |
| Democratic | 147 | 15 | 0 | 15 |
| Democrat | 5 | 1 | 0 | 0 |
| Independent | 1 | 0 | 0 | 0 |
By state (48)
| State | Yes | No | Present | Not voting |
|---|---|---|---|---|
| AL | 6 | 0 | 0 | 0 |
| AR | 4 | 0 | 0 | 0 |
| AZ | 6 | 0 | 0 | 1 |
| CA | 48 | 3 | 0 | 1 |
| CO | 5 | 0 | 0 | 0 |
| CT | 4 | 0 | 0 | 1 |
| DE | 1 | 0 | 0 | 0 |
| FL | 20 | 1 | 0 | 3 |
| GA | 10 | 0 | 0 | 1 |
| HI | 1 | 1 | 0 | 0 |
| IA | 4 | 0 | 0 | 0 |
| ID | 1 | 0 | 0 | 1 |
| IL | 13 | 2 | 0 | 2 |
| IN | 7 | 0 | 0 | 0 |
| KS | 3 | 0 | 0 | 0 |
| KY | 5 | 0 | 0 | 1 |
| LA | 5 | 0 | 0 | 0 |
| MA | 2 | 2 | 0 | 5 |
| MD | 4 | 0 | 0 | 1 |
| ME | 2 | 0 | 0 | 0 |
| MI | 10 | 1 | 0 | 1 |
| MN | 5 | 1 | 0 | 1 |
| MO | 6 | 0 | 0 | 0 |
| MS | 4 | 0 | 0 | 0 |
| MT | 1 | 0 | 0 | 0 |
| NC | 8 | 0 | 0 | 1 |
| NE | 3 | 0 | 0 | 0 |
| NH | 1 | 0 | 0 | 0 |
| NJ | 9 | 0 | 0 | 0 |
| NM | 3 | 0 | 0 | 0 |
| NV | 4 | 0 | 0 | 0 |
| NY | 17 | 1 | 0 | 2 |
| OH | 13 | 0 | 0 | 0 |
| OK | 5 | 0 | 0 | 0 |
| OR | 4 | 0 | 0 | 0 |
| PA | 14 | 1 | 0 | 0 |
| RI | 0 | 0 | 0 | 1 |
| SC | 3 | 0 | 0 | 3 |
| SD | 1 | 0 | 0 | 0 |
| TN | 8 | 0 | 0 | 0 |
| TX | 31 | 2 | 0 | 0 |
| UT | 3 | 0 | 0 | 0 |
| VA | 7 | 0 | 0 | 0 |
| VT | 1 | 0 | 0 | 0 |
| WA | 7 | 1 | 0 | 0 |
| WI | 7 | 0 | 0 | 0 |
| WV | 1 | 0 | 0 | 0 |
| WY | 1 | 0 | 0 | 0 |
The breakdown counts the 370 members whose positions are loaded; the totals above are the official record's.
Party is as each member's record lists it. Counts are of recorded positions, nothing more.
Every member's vote
370 members, by last name.
From the official record of each vote. A member who left office keeps their recorded position; their page shows the years they served.
Money
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History
- May 31, 2023U.S. House: On Motion to Suspend the Rules and Pass, as Amended · Passed ↗
Recorded votes on this bill and the final action, as their sources record them. Committee and other steps without a recorded vote aren't listed; the official page has every action.
Final action
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From Congress.gov's record of the bill's actions.
Full text
Official summary (Congressional Research Service)
Equal Opportunity for All Investors Act of 2023 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 through an examination established by the Securities and Exchange Commission. The examination must be designed with an appropriate difficulty level such that an individual with financial sophistication or training would be unlikely to fail, include methods to determine competency in certain areas, and be administered by a registered national securities association and offered free of charge to the public. 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.
Source ↗