HR 3394referred119th Congress

Fair Investment Opportunities for Professional Experts Act

Introduced May 14, 2025House billPolicy area: Finance and Financial SectorLast action Jun 24, 2025Sponsor: J. French Hill(R-AR)

financeFinance and Financial Sector

Banking, Housing, and Urban Affairs CommitteeFinancial Services Committee

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Official summaryUpdated Jun 24, 2025

What the bill does

Fair Investment Opportunities for Professional Experts Act This bill expands the eligibility criteria for an accredited investor for purposes of participating in private offerings of securities to include an individual determined by the Securities and Exchange Commission (SEC) to have qualifying professional knowledge through educational or professional experience. (Certain unregistered securities may only be offered to accredited investors.) The bill also provides statutory authority for certain existing criteria for an accredited investor, including licensure or registration in good standing as a broker or investment adviser, specified annual salary, and specified net worth. Further, the SEC is directed to revise the definition of accredited investor in Regulation D (which exempts certain offerings from SEC registration requirements) to conform to changes in this bill.

Latest official action

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

Lobbying Filings Citing It

$22.2M

Reported on Those Filings, All Issues

Lobbying Clients

100

Recorded Votes

Timeline

May 14, 2025bill

Bill introduced

Jun 23, 2025vote

Jake Auchincloss voted yea

Jun 23, 2025vote

Mark E. Amodei voted yea

Jun 23, 2025vote

Alma S. Adams voted yea

Jul 17, 2025lobbying

Lobbying filed by SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION

Jul 21, 2025lobbying

Lobbying filed by CHAMBER OF COMMERCE OF THE U.S.A.

Official Congressional Actions

Jun 24, 2025IntroReferral

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

Banking, Housing, and Urban Affairs Committee

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Jun 23, 2025Floor

Considered as unfinished business. (consideration: CR H2878-2879)

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Jun 23, 2025Floor

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.

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Jun 23, 2025Floor

DEBATE - The House proceeded with forty minutes of debate on H.R. 3394.

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Lobbying Activity

Registrant	Client	Amount	Filed	Period	Issues
CHAMBER OF COMMERCE OF THE U.S.A.	CHAMBER OF COMMERCE OF THE U.S.A.	$19.3M	Jul 21, 2025	2025Q2	AERAUTAVI
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION	SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION	$2.1M	Jul 17, 2025	2025Q2	BANCDTFIN

Votes on This Bill

Member	Party	Position	Date
Jake Auchincloss	D	yea	Jun 23, 2025
Mark E. Amodei	R	yea	Jun 23, 2025
Alma S. Adams	D	yea	Jun 23, 2025
Pete Aguilar	D	yea	Jun 23, 2025

About this page

The lobbying table lists Senate LDA quarterly reports (LD-2) that cite this bill by number and cover a quarter of the 119th Congress. An LD-2 names a bill as “H.R. 1234” with no Congress, so a report on another Congress, which can only concern a different bill with the same number, is left out, even when it was filed after this Congress began. The amount is what the registrant reported for the whole filing, across every issue on it, not spending on this bill. Official actions and the bill summary come from Congress.gov, and votes from the roll-call record. This page no longer pairs the bill with members' stock trades: matching lobbying clients to traded companies by name, and trades to a bill by date, is not something the records establish.