Road to The Floor
How it worksIntroduced
In Committee
On The Floor
Passed a Chamber
Passed Congress
To President
Became Law
What this bill does
AI plain-language summaryThis bill changes the rules about who can invest in certain private securities offerings. Currently, people can only invest in these offerings if they meet specific requirements related to their income, wealth, or financial experience. The bill would add a new way to qualify by passing a test created by the Securities and Exchange Commission. The test would cover topics like securities disclosure requirements and would be given by a national securities association for free. The test would be designed so that people with financial knowledge and training would be likely to pass it.
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