To amend the Securities Act of 1933 to codify certain qualifications of individuals as accredited investors for purposes of the securities laws.
Sponsors
Legislative Progress
Passed HouseMr. Hill (for himself and Mr. Schweikert) introduced the following …
Passed House (inferred from eh version)
Summary
What This Bill Does
Codifies the $1 million net worth threshold for accredited investor status with inflation adjustments every 5 years. Excludes primary residence from net worth calculation with specific rules for associated debt.
Who Benefits and How
Investors gain clarity on accredited investor requirements. Inflation adjustment maintains purchasing power of threshold. Clear rules on primary residence exclusion.
Who Bears the Burden and How
SEC must adjust thresholds for inflation. Some investors near threshold may lose qualification as threshold rises.
Key Provisions
- $1 million net worth threshold codified
- Inflation adjustment every 5 years to nearest $10,000
- Primary residence excluded from assets
- Mortgage debt excluded up to fair market value
- Recent debt increases (60-day lookback) not excluded
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Codifies and adjusts accredited investor net worth requirements
Policy Domains
Legislative Strategy
"Modernize accredited investor standards with inflation protection"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "commission"
- → Securities and Exchange Commission
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.
Learn more about our methodology