H.R. 3348 explained · 119th Congress · Pending in Congress
Accredited Investor Definition Review Act
Cosponsors: none · per Congress.gov, 2026-10-11
Introduced: 2025-05-13
Latest action (2025-06-04): Placed on the Union Calendar, Calendar No. 103.
What H.R. 3348 does, in plain terms
Accredited Investor Definition Review Act This bill revises 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 the Securities and Exchange Commission (SEC) discretion in determining what certifications, designations, or credentials investors must possess for purposes of investor protection, provided that the credentials are at least as broad as the existing regulations and include those professional licenses currently approved by the SEC. Additionally, the SEC must review these credentials every five years.
Official summary by the Congressional Research Service, via Congress.gov.
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