H.R. 3339

Summary

H.R. 3339, the Equal Opportunity for All Investors Act of 2025, was introduced in the House on May 13, 2025 by Rep. Mike Flood (R) with 4 co-sponsors. It was referred to Banking, Housing, And Urban Affairs, and last saw action on Jul 22, 2025: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

H.R. 3339 has 4 co-sponsors.

119 HR 3339 EH: Equal Opportunity for All Investors Act of 2025
 U.S. House of Representatives
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 IB
 119th CONGRESS  1st Session
 H. R. 3339
 IN THE HOUSE OF REPRESENTATIVES
 AN ACT
To require certification examinations for accredited investors, and for other purposes.
1.
Short title
This Act may be cited as the   Equal Opportunity for All Investors Act of 2025  .
2.
Certification examinations for accredited investors
(a)
In general
The Commission shall revise the definition of  accredited investor  under Regulation D (section 230.500 et seq. of title 17, Code of Federal Regulations) to include any natural person who is certified through the examination required under subsection (b).
(b)
Establishment of examination
Not later than 1 year after the date of the enactment of this Act, the Commission shall establish an examination (including a test, certification, or examination program)—
(1)
to certify an individual as an accredited investor; and
(2)
that—
(A)
is designed with an appropriate level of difficulty such that an individual with financial sophistication would be unlikely to fail; and
(B)
includes methods to determine whether an individual seeking to be certified as an accredited investor demonstrates competency with respect to—
(i)
the different types of securities;
(ii)
the disclosure requirements under the securities laws applicable to issuers and offerings of securities exempt from registration under section 5 of the Securities Act of 1933 as compared to issuers and offerings of securities subject to such section 5;
(iii)
corporate governance;
(iv)
financial statements and the components of such statements;
(v)
aspects of unregistered securities, securities issued by private companies, and investments into private funds, including risks associated with—
(I)
limited liquidity;
(II)
limited disclosures;
(III)
subjectivity and variability in valuations and the analytical tools investors may use to assess such valuations;
(IV)
information asymmetry;
(V)
leverage risks;
(VI)
concentration risk; and
(VII)
longer investment horizons;
(vi)
potential conflicts of interest, when the interests of financial professionals and their clients are misaligned or when their professional responsibilities may be in conflict with financial motivations; and
(vii)
such other criteria as the Commission determines necessary or appropriate in the public interest or for the protection of investors.
(c)
Administration
Beginning not later than 180 days after the date the examination is established under subsection (b), such examination shall be administered and offered free of charge to the public by a registered national securities association under section 15A of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o–3 ).
(d)
Commission defined
In this section, the term  Commission  means the Securities and Exchange Commission.
     Passed the House of Representatives July 21, 2025.  Kevin F. McCumber,  Clerk.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Sponsors

Rep. Mike Flood (R) sponsors H.R. 3339, and 4 members have co-sponsored it, all of them from the day it was introduced.

Mike Flood

Rep. · R–NE-1 · Sponsor

Introduced May 13, 2025

Cleo Fields

Rep. · D–LA-6 · Co-sponsor

Joined May 13, 2025 · Original

Michael Lawler

Rep. · R–NY-17 · Co-sponsor

Joined May 13, 2025 · Original

Sarah McBride

Rep. · D–DE-0 · Co-sponsor

Joined May 13, 2025 · Original

Shri Thanedar

Rep. · D–MI-13 · Co-sponsor

Joined May 13, 2025 · Original

Show 5 of 5 rows

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Committees

H.R. 3339 went before 2 committees: Banking, Housing, and Urban Affairs and Financial Services.

Banking, Housing, and Urban Affairs

Banking, Housing, and Urban Affairs

Referred To · Jul 22, 2025 · 465 Bills

Financial Services

Financial Services

Reported By · Jun 3, 2025 · 559 Bills

Reports

1 committee report has been filed on H.R. 3339, the latest H. Rept. 119-127.

• H. Rept. 119-127 — EQUAL OPPORTUNITY FOR ALL INVESTORS ACT OF 2025

Actions

H.R. 3339 has taken 13 actions since May 13, 2025, the latest on Jul 22, 2025.

Votes

H.R. 3339 has not gone to a roll call.

Titles

H.R. 3339 goes by 7 titles, 4 of them short titles.

• To require certification examinations for accredited investors, and for other purposes. — Official Titles from EH (Engrossed in House) bill text
• Equal Opportunity for All Investors Act of 2025 — Short Titles from RFS (Referred to Senate) bill text
• Equal Opportunity for All Investors Act of 2025 — Display Title
• Equal Opportunity for All Investors Act of 2025 — Short Title(s) as Passed House
• Equal Opportunity for All Investors Act of 2025 — Short Title(s) as Reported to House
• To require certification examinations for accredited investors, and for other purposes. — Official Title as Introduced
• Equal Opportunity for All Investors Act of 2025 — Short Title(s) as Introduced

Cost estimate

The Congressional Budget Office has filed 1 estimate for H.R. 3339, the latest on Jul 16, 2025.

• H.R. 3339, Equal Opportunity for All Investors Act of 2025 — 2025-07-16As reported by the House Committee on Financial Services on June 3, 2025

Lobbying

10 clients hired 11 firms and 144 registered lobbyists who named H.R. 3339 in 39 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Financial Institutions/Investments/Securities, Taxation/Internal Revenue Code, Retirement, Small Business, Banking, Budget/Appropriations, Homeland Security, Copyright/Patent/Trademark.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 144.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files H.R. 3339 under Finance and Financial Sector, one of its 31 policy areas, and gives it 3 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 3339’s is Finance and Financial Sector.

Legislative Subjects

H.R. 3339 carries 3 of CRS’s legislative subjects, from Banking and financial institutions regulation to Securities.

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 3339, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 80 (Tuesday, May 13, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. FLOOD:H.R. 3339.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18 of the United StatesConstitution[Page H2001]

Source: congress.gov · legiscan.com