Fair Investment Opportunities for Professional Experts Act
This bill directs the Securities and Exchange Commission (SEC) to revise its rules under Regulation D to consider a natural person an accredited investor, regardless of specified income and net worth requirements, if the person certifies to the issuer before the sale of securities to that person that he or she:
The SEC shall establish such criteria for FINRA to use in administering an exam to license as accredited investors natural persons who don't meet certain income and net worth requirements of Regulation D.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2016-02-02 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2016-02-01 | Vote | On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 347 - 8 (Roll no. 46). (text: CR H378) | House floor actions |
| 2016-02-01 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2016-02-01 | Floor | Considered as unfinished business. (consideration: CR H401) | House floor actions |
| 2016-02-01 | Floor | 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. | House floor actions |
| 2016-02-01 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 2187. | House floor actions |
| 2016-02-01 | Floor | Considered under suspension of the rules. (consideration: CR H378-379) | House floor actions |
| 2016-02-01 | Floor | Mr. Garrett moved to suspend the rules and pass the bill, as amended. | House floor actions |
| 2016-02-01 | Calendars | Placed on the Union Calendar, Calendar No. 309. | House floor actions |
| 2016-02-01 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 114-406. | House floor actions |
| 2015-12-09 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 2. | House committee actions |
| 2015-12-09 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2015-12-08 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2015-06-16 | Committee | Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. | House committee actions |
| 2015-04-30 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2015-04-30 | IntroReferral | Introduced in House | Library of Congress |