To amend the definition of an accredited investor to include individuals receiving advice from certain professionals, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires accredited investors include individuals receiving advice from certain professionals Section 2(a)(15) of the Securities Act of 1933 (15 U.S.C. It relies on definition changes, compliance mandates, and delegation of rulemaking. The main policy areas are Financial Services and Finance.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Financial services firms and customers affected by the bill would take on compliance duties, and Businesses and employers affected by the bill would take on compliance duties.
Key Provisions
- Requires accredited investors include individuals receiving advice from certain professionals Section 2(a)(15) of the Securities Act of 1933 (15 U.S.C.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires accredited investors include individuals receiving advice from certain professionals Section 2(a)(15) of the Securities Act of 1933 (15 U.S.C.
Key Policy Areas
Financial Services, Finance
Primary Purpose
The bill requires accredited investors include individuals receiving advice from certain professionals Section 2(a)(15) of the Securities Act of 1933 (15 U.S.C.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Financial services firms and customers affected by the bill
- Businesses and employers affected by the bill
Legislative Progress
IntroducedMr. McHenry introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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