HR 4708
Accredited Investor Definition Review Act
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Bill overview
This bill changes how the government defines an ‘accredited investor,’ which are individuals who can invest in certain private securities offerings. It gives the Securities and Exchange Commission (SEC) more flexibility to determine what qualifications investors need to meet, as long as those qualifications are at least as strict as current regulations. The SEC will also be required to periodically review and update this list of qualifications every five years to ensure investor protection.
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