H.R. 2797Equal Opportunity for All Investors Act of 2023

1 recorded action296 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Mike Flood [R-NE-01]
Cosponsors: 3 · 2 Democrats · 1 Republican
Policy area: Finance and Financial Sector
Committees: Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Latest action: Jun 1, 2023 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedApr 24, 2023
Passed the HouseMay 31, 2023
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

This bill expands who may be considered an accredited investor for purposes of participating in private offerings of securities. Certain unregistered securities may only be offered to accredited investors.

Specifically, the bill allows an individual to qualify through an examination established by the Securities and Exchange Commission. The examination must

be designed with an appropriate difficulty level such that an individual with financial sophistication or training would be unlikely to fail,
include methods to determine competency in certain areas, and
be administered by a registered national securities association and offered free of charge to the public.

Currently, accredited investors must satisfy certain requirements indicating their reduced exposure to financial risk, including those related to income, net worth, or knowledge and experience.

Written by the nonpartisan Congressional Research Service, describing H.R. 2797 as passed House on May 31, 2023. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 244

House May 31, 2023

On Motion to Suspend the Rules and Pass, as Amended

Equal Opportunity for All Investors Act of 2023

Passed · Two-thirds required

383 Yea 18 Nay 34 not voting

Crossed both parties 18 of 401 voting members broke with their own party: 18 Democrats.

Open the official roll call

How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members435 members

Democratic213 members

Republican222 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors3 · 2 Democrats · 1 Republican

Signing on is not a vote: a member can cosponsor H.R. 2797 and vote against it. 1 signed when it was filed.

DWiley Nickel [D-NC-13]Original

RMichael Lawler [R-NY-17]Joined Apr 25, 20232026 profile

DShri Thanedar [D-MI-13]Joined May 30, 20232026 profile

Loading the public record

H.R. 2797Equal Opportunity for All Investors Act of 2023

What the measure doesCRS summary

How every member votedHouse roll call 244

On Motion to Suspend the Rules and Pass, as Amended

How the chamber split

Cosponsors3 · 2 Democrats · 1 Republican

H.R. 2797Equal Opportunity for All Investors Act of 2023

What the measure doesCRS summary

How every member votedHouse roll call 244

On Motion to Suspend the Rules and Pass, as Amended

How the chamber split

Cosponsors3 · 2 Democrats · 1 Republican

Who lobbied on H.R. 27978 organizations

Who lobbied on H.R. 27978 organizations