A Republican bill with 2 Republican cosponsors · See all 2 cosponsors
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The "Informed Investor Access Act" seeks to change how the law defines an accredited investor. It aims to amend the Securities Act of 1933 to expand this definition. Specifically, it would include natural persons who are receiving personalized investment advice or recommendations for a transaction. This advice would come from registered investment advisers or registered brokers and dealers. The bill also requires the SEC to make conforming changes to its regulations.
Yes· 3 of 6
- Scored +3
Would middle-income households be better off under this?
The bill allows individuals receiving professional investment advice to qualify as accredited investors, expanding their investment options.
- Scored +3
Would business owners be better off under this?
Expanding the accredited investor definition can increase the potential investor base for private securities offerings.
- Scored +3
Does this make it easier to run a small business?
The bill may expand the pool of available investors for private offerings, which can benefit small businesses seeking capital.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Expanded Investment Access: Under Section 2(a)(1), the bill would allow any natural person to be considered an "accredited investor" if an issuer reasonably believes they are receiving personalized investment advice or recommendations from certain professionals. This could allow individuals to participate in specific transactions that were previously restricted.
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Professional Guidance Inclusion: The bill includes people receiving advice from registered investment advisers or brokers/dealers (Section 2(a)(1)(iii)(I) and (II)). This means people receiving specialized help regarding the value or advisability of securities could gain new investment opportunities.
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — Expanding the accredited investor definition can increase the potential investor base for private securities offerings. Would middle-income households be better off under this? — The bill allows individuals receiving professional investment advice to qualify as accredited investors, expanding their investment options. Would households on low incomes be better off under this? — The bill expands access to certain investment opportunities for natural persons receiving professional advice. Would high-income households be better off under this? — The bill expands the definition of accredited investor, which may overlap with high-income investment strategies. Would people in cities be better off under this? — The bill provides more avenues for personal investment through professional advisory channels.
- Economy And Finance
- Does this make it easier to run a small business? — The bill may expand the pool of available investors for private offerings, which can benefit small businesses seeking capital.
- 7/2/2026
- Referred to the House Committee on Financial Services.
- 2 Cosponsors added.
- Introduced in House
Michael LawlerRepublican · New York
Tim MooreRepublican · North Carolina