H.R. 3394: Fair Investment Opportunities for Professional Experts Act
Sponsor
J. Hill
Republican · AR-2
What H.R. 3394 does
Certain unregistered securities can only be offered to accredited investors. H.R. 3394 would expand who counts as one to include an individual the Securities and Exchange Commission determines has qualifying professional knowledge through education or professional experience.
The bill would also write into law several existing criteria, including being a licensed broker or investment adviser in good standing, and meeting set salary or net worth levels. It would direct the SEC to update its Regulation D definition of accredited investor to match.
How the House voted
Passed · June 23, 202512 Democrats broke with their party to vote no
Gregorio Casar
Maxine Dexter
Maxwell Frost
Chuy García
Pramila Jayapal
Summer Lee
Jim McGovern
Alexandria Ocasio-Cortez
Ilhan Omar
Ayanna Pressley
Delia Ramirez
Rashida TlaibOn Motion to Suspend the Rules and Pass, as Amended: H R 3394 Fair Investment Opportunities for Professional Experts Act · Roll no. 173 · Official record
HR3394 Legislative Journey
Committee Action
Jun 24, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
House: Vote: 397-12
Jun 23, 2025
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 12 (Roll no. 173). (text: CR H2869-2870)
House: Committee Action
Jun 3, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-115.
House: Vote: 45-1
May 20, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 1.
House: Committee Action
May 14, 2025
Referred to the House Committee on Financial Services.
About the Sponsor
J. Hill
Republican, Arkansas's 2nd congressional district · 11 years in Congress
Committees: Financial Services, House Permanent Select Committee on Intelligence
View full profile →
Cosponsors (3)
This bill has 3 cosponsors: 1 Democrat, 2 Republicans, reflecting bipartisan support. Cosponsors represent 3 states: California, Ohio, Texas.
Committee Sponsors
Banking, Housing, and Urban Affairs Committee
0 of 24 committee members cosponsored
No committee members have cosponsored this bill
Financial Services Committee
3 of 54 committee members cosponsored
41 Republicans across these committees haven't cosponsored yet. Mobilize their constituents
H.R. 3394 Quick Facts
- Committee
- Banking, Housing, and Urban Affairs
- Chamber
- House
- Policy
- Finance and Financial Sector
- Introduced
- May 14, 2025
Passed the House, received in Senate
Jun 24, 2025
H.R. 3394 Bill Text
“To amend the Securities Act of 1933 to codify certain qualifications of individuals as accredited investors for purposes of the securities laws.”
Source: U.S. Government Publishing Office
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