H.R. 2652 – Investment Opportunity Expansion Act

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Updated January 20, 2026 at 6:16 AM UTC

The Investment Opportunity Expansion Act amends the Securities Act of 1933 to broaden who can be considered an accredited investor. It adds a new qualification based on a percentage of an individual’s net assets or annual income, allowing more people to invest in private securities. The changes affect individual investors and the firms that rely on accredited‑investor status for private offerings.

Key Provisions

Redesignates existing subparagraphs (i) and (ii) as (A) and (B) and updates their wording for clarity
Adds a new subparagraph (C) that permits an individual to qualify as an accredited investor if their total investment in non‑public securities does not exceed 10% of the greater of their net assets or annual income

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

April 17, 2023

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HouseIntro Referral

Introduced in House

April 17, 2023

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

April 17, 2023

Bill Text

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Introduced in HouseIssued April 17, 2023

I

118th CONGRESS

1st Session

H. R. 2652

IN THE HOUSE OF REPRESENTATIVES

April 17, 2023

Mr. Mooney introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Securities Act of 1933 to add additional investment thresholds for an individual to qualify as an accredited investor, and for other purposes.

1.

Short title

This Act may be cited as the Investment Opportunity Expansion Act.

2.

Investment thresholds to qualify as an accredited investor

Section 2(a)(15) of the Securities Act of 1933 (15 U.S.C. 77b(a)(15)) is amended—

(1)

by redesignating subparagraphs (i) and (ii) as subparagraphs (A) and (B), respectively;

(2)

in subparagraph (A), as so redesignated, by striking adviser; or and inserting adviser;;

(3)

in subparagraph (B), as so redesignated, by striking the period at the end and inserting ; or; and

(4)

by adding at the end the following:

(C)

with respect to a proposed transaction, any individual whose aggregate investment, at the completion of such transaction, in securities with respect to which there has not been a public offering is not more than 10 percent of the greater of—

(i)

the net assets of the individual; or

(ii)

the annual income of the individual.

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