Informed Investor Access Act

This bill changes the federal definition of an "accredited investor," which affects who may buy certain private investments. It would add any person whom the company selling the investment reasonably believes is getting personalized investment advice or recommendations about that specific purchase from a registered investment adviser or a registered broker or dealer, or their associated staff. It defines "investment advice" and "recommendation" by pointing to existing federal law and rules. It also directs the Securities and Exchange Commission to update its rules so that their definitions of "accredited investor" match the change.

Full text and official record on Congress.gov

Sponsors

• Troy Downing Republican sponsor
• 2 cosponsors