Bill · H.R. 9574· House(119-HR-9574)
Informed Investor Access Act
- Introduced
- 7/2/2026
- Last activity
- 7/2/2026 — Referred to the House Committee on Financial Services.
- Sponsored by
- Troy Downing
- Cosponsors
- - 2 - 0
- Introduced
- In Committee
What this bill would do
The "Informed Investor Access Act" seeks to change how the law defines an accredited investor. It aims to amend the Securities Act of 1933 to expand this definition. Specifically, it would include natural persons who are receiving personalized investment advice or recommendations for a transaction. This advice would come from registered investment advisers or registered brokers and dealers. The bill also requires the SEC to make conforming changes to its regulations.
Yes· 3 of 6
Would middle-income households be better off under this?+3
The bill allows individuals receiving professional investment advice to qualify as accredited investors, expanding their investment options.
Would business owners be better off under this?+3
Expanding the accredited investor definition can increase the potential investor base for private securities offerings.
Does this make it easier to run a small business?+3
The bill may expand the pool of available investors for private offerings, which can benefit small businesses seeking capital.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Expanded Investment Access: Under Section 2(a)(1), the bill would allow any natural person to be considered an "accredited investor" if an issuer reasonably believes they are receiving personalized investment advice or recommendations from certain professionals. This could allow individuals to participate in specific transactions that were previously restricted.
-
Professional Guidance Inclusion: The bill includes people receiving advice from registered investment advisers or brokers/dealers (Section 2(a)(1)(iii)(I) and (II)). This means people receiving specialized help regarding the value or advisability of securities could gain new investment opportunities.
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+3Good For Middle Class Households+3Good For Low Income Households+2Good For High Income Households+1Good For Urban Residents+1
- Economy And Finance
- Improves Small Business Support+3
- 7/2/2026
- Referred to the House Committee on Financial Services.
- 2 Cosponsors added.
- Introduced in House
Michael LawlerRepublican · New York
Tim MooreRepublican · North Carolina