HR 3348
Advanced toward a vote
Expands the definition of accredited investor to include individuals holding professional certifications, designations, or credentials that the Securities and Exchange Commission (SEC) determines qualify, and requires the SEC to review that list every five years.
Official title: Accredited Investor Definition Review Act
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
13-MAY-2025
Referred
13-MAY-2025
Approved by committee
20-MAY-2025
Reported
04-JUN-2025
On the calendar
04-JUN-2025
- Adds individuals holding SEC-approved certifications, designations, or credentials to the accredited investor definition in Section 2(a)(15) of the Securities Act of 1933.
- Requires the list to include licenses named in a 2020 SEC order and sets attributes no narrower than those in the SEC's 2020 accredited investor rule.
- Requires the SEC, within 18 months and at least once every 5 years after that, to review the list, add credentials substantially similar to those already listed, and adjust the list as needed.
Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (13-MAY-2025); the text has changed since (Reported in House, 04-JUN-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov- Financial Services Committee (House)
Finance and Financial Sector
No cosponsors.