# H.R. 3394 (119th): Fair Investment Opportunities for Professional Experts Act

Fair Investment Opportunities for Professional Experts Act This bill expands the eligibility criteria for an accredited investor for purposes of participating in private offerings of securities to include an individual determined by the Securities and Exchange Commission (SEC) to have qualifying professional knowledge through educational or professional experience. (Certain unregistered securities may only be offered to accredited investors.) The bill also provides statutory authority for certain existing criteria for an accredited investor, including licensure or registration in good standing as a broker or investment adviser, specified annual salary, and specified net worth. Further, the SEC is directed to revise the definition of accredited investor in Regulation D (which exempts certain offerings from SEC registration requirements) to conform to changes in this bill.

## How this bill is scored

Tier: no Tier 1 record. A bill with no record cannot newly become Tier 1.
Lane: economic_fairness. Category: not stored. Lane tag: not stored.
Lane: financial_regulation. Category: not stored. Lane tag: not stored.
Lane: investment_regulation. Category: not stored. Lane tag: not stored.
Lane: securities. Category: not stored. Lane tag: not stored.
Tier 1 sign-off: no record. A bill with no record cannot newly become Tier 1.
Stored polarity: mixed. Only tags the rules mark scoreable on a mixed bill are scored. A yea can draw a penalty or a credit according to the tag. A nay on a tag scored as good can draw a penalty.
Roll 173: On Motion to Suspend the Rules and Pass, as Amended. Vote type: final_passage.
Polarity rationale: Reviewed enrichment (llm_import) polarity: This is a generic securities regulation bill. It combines a plausible prudential good, recognizing professional expertise as a basis for investment eligibility, with a real concern that loosening investor-qualification standards could expose less protected investors to loss. Neither direction is a direct moral evil or a direct restraint of evil, so the classification is mixed rather than good or evil. The summary is sufficient for this high-level judgment.
Theological note: The bill concerns access to private capital markets and the protection of ordinary investors, which bears on stewardship, honest commerce, and neighbor-love in economic dealings. It does not directly advance or restrain a named moral harm. Its moral weight depends on whether expanded access serves prudent opportunity without weakening protections for those who lack the means to bear investment losses.

## Recorded votes

Roll 173: On Motion to Suspend the Rules and Pass, as Amended. Yea 397 · Nay 12 · Other 23.

HTML: https://justmeasure.org/bill/hr-3394-119/