Rep Schweikert's Fair Investment Opportunities for Professional Experts Act unanimously passes the House of Representatives
Yesterday my legislation HR 1585 Fair Investment Opportunities for Professional Experts Act passed unanimously through the House of Representatives. My legislation would expand the definition of “accredited investor” to include professional experts, bringing in a larger number of sophisticated investors into the marketplace. This legislation with a spread of original bipartisan co-sponsors shows that even in today’s political climate, we can get good legislation passed. I would like to specifically thank Congressman French Hill for shepherding this legislation through the House Financial Services Committee as well as Congressman Polis and Congresswoman Maloney for their help and continued support of this bipartisan legislation as well as the support of all our cosponsors.