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United States · Bill · HR

H.R. 2797 (118th)

Equal Opportunity for All Investors Act of 2023

referredUnited States· United States Congress· EN

Introduced

24 April 2023

Last action

1 June 2023 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Rep. Flood, Mike [R-NE-1], Rep. Nickel, Wiley [D-NC-13], Rep. Lawler, Michael [R-NY-17], Rep. Thanedar, Shri [D-MI-13]

Subjects

Discovery layer

Source updated

27 May 2025

Official sourceDownload fileView documentsShare

Summary

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, may include methods to determine competency in certain areas, and must 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 24 April 2023

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 24 April 2023

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 24 April 2023

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 26 April 2023

    Vote

    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 42 - 1.

    Source: Committee

  5. 26 April 2023

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  6. 30 May 2023

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    Source: Floor

  7. 30 May 2023

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 2797.

    Source: Floor

  8. 30 May 2023

    Floor

    Considered under suspension of the rules. (consideration: CR H2656-2658)

    Source: Floor

  9. 30 May 2023

    Floor

    Mrs. Wagner moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  10. 30 May 2023

    Calendars

    Placed on the Union Calendar, Calendar No. 56.

    Source: Calendars

  11. 30 May 2023

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 118-77.

    Source: Committee

  12. 30 May 2023

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 118-77.

    Source: Committee

  13. 31 May 2023

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  14. 31 May 2023

    Vote

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 383 - 18 (Roll no. 244). (text: 05/30/2023 CR H2656)

    Source: Floor

  15. 31 May 2023

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 383 - 18 (Roll no. 244). (text: 05/30/2023 CR H2656)

    Source: Floor

  16. 31 May 2023

    Floor

    Considered as unfinished business. (consideration: CR H2706)

    Source: Floor

  17. 1 June 2023

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

1 June 2023 · passed · On Motion to Suspend the Rules and Pass, as Amended · Passed · Official source

Yes 383 · No 18 · Abstain — · Absent/not voting 34

Showing the first 4 recorded positions. Vote totals above are complete.

Versions

Documents

11 official files

Referred in Senate (text)

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  • Referred in Senate (text)

    Referred in Senate · EN · 1 June 2023

    ViewDownloadOpen at official source

  • Referred in Senate (PDF)

    Referred in Senate · EN · 1 June 2023

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  • Engrossed in House (text)

    Engrossed in House · EN · 31 May 2023

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 31 May 2023

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  • Passed House

    summary · EN · 31 May 2023

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  • Reported in House (text)

    Reported in House · EN · 30 May 2023

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  • Reported in House (PDF)

    Reported in House · EN · 30 May 2023

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  • Reported to House

    summary · EN · 30 May 2023

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  • Introduced in House (text)

    Introduced in House · EN · 24 April 2023

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  • Introduced in House (PDF)

    Introduced in House · EN · 24 April 2023

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  • Introduced in House

    summary · EN · 24 April 2023

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Sponsors

Related records

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Sources

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