Congressman Flood Opens on the Equal Opportunity for All Investors Act of 2023

WASHINGTON, D.C. – Today, U.S. Congressman Mike Flood delivered opening remarks on the Equal Opportunity for All Investors Act of 2023 at a House Financial Services Committee Markup.

Earlier this week, Congressman Flood (R-Nebraska) and Congressman Wiley Nickel (D-North Carolina) introduced H.R. 2797, also known as the Equal Opportunity for All Investors Act of 2023. 

Right now, an individual or business must meet one of a number of financial or professional criteria to be classified as an accredited investor. Current criteria are outlined here. H.R. 2797 provides another pathway for Americans to become an accredited investor by allowing individuals seeking the status to take an examination, which will be established by the Securities and Exchange Commission and administered by the Financial Industry Regulatory Authority (FINRA).

A copy of the full legislation can be found by clicking here. Both Congressmen Flood and Nickel are members of the Financial Services Committee.