H.R. 3394Fair Investment Opportunities for Professional Experts Act

1 recorded actionWhat the measure does Read on Congress.gov

Sponsor: J. French Hill [R-AR-02]
Cosponsors: 3 · 2 Republicans · 1 Democrat
Policy area: Finance and Financial Sector
Committees: Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Latest action: Jun 24, 2025 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedMay 14, 2025
Passed the HouseJun 23, 2025
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

This bill expands the eligibility criteria for an accredited investor for purposes of participating in private offerings of securities to include an individual determined by the Securities and Exchange Commission (SEC) to have qualifying professional knowledge through educational or professional experience. (Certain unregistered securities may only be offered to accredited investors.)

The bill also provides statutory authority for certain existing criteria for an accredited investor, including licensure or registration in good standing as a broker or investment adviser, specified annual salary, and specified net worth.

Further, the SEC is directed to revise the definition of accredited investor in Regulation D (which exempts certain offerings from SEC registration requirements) to conform to changes in this bill.

Written by the nonpartisan Congressional Research Service, describing H.R. 3394 as introduced in House on May 14, 2025. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 173

House Jun 23, 2025

On Motion to Suspend the Rules and Pass, as Amended

Fair Investment Opportunities for Professional Experts Act

Passed · Two-thirds required

397 Yea 12 Nay 23 not voting

Crossed both parties 12 of 409 voting members broke with their own party: 12 Democrats.

Open the official roll call

How the chamber split

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

DemocratsIndependentsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members432 members

Democratic212 members

Independent1 member

Republican219 members

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

Cosponsors3 · 2 Republicans · 1 Democrat

Signing on is not a vote: a member can cosponsor H.R. 3394 and vote against it. 1 signed when it was filed.

DJuan Vargas [D-CA-52]Original2026 profile

RWarren Davidson [R-OH-08]Joined May 19, 20252026 profile

RPete Sessions [R-TX-17]Joined May 19, 20252026 profile

Loading the public record

Who lobbied on H.R. 339413 organizations

Organizations that named H.R. 3394 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

CHAMBER OF COMMERCE OF THE U.S.A.

Aerospace · Automotive Industry · Aviation/Airlines/Airports · Banking +30 more7 filings · 3rd Quarter (July 1 - Sep 30) 2026Filing

FRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON) AND AFFILIATES

Financial Institutions/Investments/Securities6 filings · 2nd Quarter (Apr 1 - June 30) 2026Filing

SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATIONIts PAC: Securities Industry & Financial Markets Association PAC

Banking · Commodities (big ticket) · Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code +1 more6 filings · 3rd Quarter (July 1 - Sep 30) 2026Filing

ESHARES, INC. D/B/A CARTA, INC.

Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code · Small Business · Retirement5 filings · 2nd Quarter (Apr 1 - June 30) 2026Filing

FUTURE STANDARD

Taxation/Internal Revenue Code · Financial Institutions/Investments/Securities · Retirement5 filings · 2nd Quarter (Apr 1 - June 30) 2026Filing

FINANCIAL INDUSTRY REGULATORY AUTHORITY

Financial Institutions/Investments/Securities4 filings · 3rd Quarter (July 1 - Sep 30) 2026Filing

BIOTECHNOLOGY INNOVATION ORGANIZATIONIts PAC: Biotechnology Innovation Organization PAC

Budget/Appropriations · Copyright/Patent/Trademark · Health Issues · Homeland Security +5 more3 filings · 3rd Quarter (July 1 - Sep 30) 2026Filing

FRANKLIN TEMPLETON FUNDSfiled by CAPITOL COUNSEL LLC

Financial Institutions/Investments/Securities3 filings · 3rd Quarter (July 1 - Sep 30) 2026Filing

PACIFIC LIFE INSURANCE COMPANYIts PAC: Pacific Life Insurance Co. PAC

Taxation/Internal Revenue Code · Insurance · Retirement · Consumer Issues/Safety/Products +2 more2 filings · 4th Quarter (Oct 1 - Dec 31) 2025Filing

SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)

Small Business2 filings · 3rd Quarter (July 1 - Sep 30) 2025Filing

46 disclosures name this measure. Retrieved from LDA.gov on 2026-10-25. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.