Accredited Investor Definition Review Act

House Votes

This bill updates how “accredited investor” status can be earned. It clarifies that professional certifications, designations, and credentials can count toward qualifying. It also tells the Commission (the federal securities regulator) to keep an official list of which credentials qualify, and to refresh that list on a regular schedule.

The Commission must review the list within 18 months after the law takes effect, and then at least every five years. During each review, it must add similar credentials that show strong financial knowledge, and adjust the list as needed to protect investors and serve the public interest.

• Who is affected: People who want to qualify as accredited investors using professional credentials.
• What changes: The law recognizes certain certifications and credentials for qualifying, and requires regular reviews to add similar ones and keep the list up to date for investor protection.
• When: First review due within 18 months after enactment; then at least every five years.