HR 9574
Informed Investor Access Act
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119th CONGRESS — 2d Session
H. R. 9574
IN THE HOUSE OF REPRESENTATIVES
A BILL
To amend the definition of an accredited investor to include individuals receiving advice from certain professionals, and for other purposes.
This Act may be cited as the Informed Investor Access Act
.
by striking (15) The term accredited investor shall mean—
and inserting the following:
in clause (i), by striking or
at the end;
in clause (ii), by striking the period at the end and inserting ; or
;
by adjusting the indentation of clauses (i) and (ii) by moving such clauses 2 ems to the right; and
by adding at the end the following:
for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or as to the advisability of investing in, purchasing, or selling securitiesunder section 202(a)(11) of the Investment Advisers Act of 1940 (15 U.S.C. 80b–2(a)(11)).
The Securities and Exchange Commission shall revise section 230.501(a) of title 17, Code of Federal Regulations, and any other definition of accredited investor
in a rule of the Commission in the same manner as such definition is revised under subsection (a).