H.R. 2187: Fair Investment Opportunities for Professional Experts Act
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H.R. 2187: Fair Investment Opportunities for Professional Experts Act
114th Congress · introduced 2015-04-30 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
federal
Follow this bill, step by step
- Where it came from: introduced 2015-04-30 · official record
- Who proposed it: Rep. Schweikert, David [R-AZ-6] · what a sponsor is
- What happened next: 1 recorded vote in our records. Latest: House roll call 46 (2016): On Motion to Suspend the Rules and Pass, as Amended, HR2187 (2016-02-01), Passed. See all
- Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Fair Investment Opportunities for Professional Experts Act
Plain summary
Fair Investment Opportunities for Professional Experts Act (Sec. 2) This bill amends the Securities Act of 1933 to add to the definition of accredited investor any natural person whose individual net worth, or joint net worth with his or her spouse, exceeds $1 million (adjusted every five years for inflation). The person's net worth shall exclude: the person's primary residence; and as a liability any indebtedness secured by the primary residence, up to the estimated fair market value of the residence at the time of the sale of securities. Indebtedness secured by the person's primary residence in excess of the residence's estimated fair market value at the time of the sale of securities, however, shall be included in net worth as a liability. An accredited investor shall also include any natural person: whose individual income exceeded $200,000 in each of the two most recent years, or whose joint income with spouse exceeded $300,000 in each of those years, and has a reasonable expectation of reaching the same income level in the current year; currently licensed or registered as a broker or investment adviser by the Securities and Exchange Commission, the Financial Industry Regulatory Authority (FINRA) (or an equivalent self-regulatory organization), or a state division responsible for licensing or registration of individuals in connection with securities activities; or whose demonstrable education or job experience qualifies as professional knowledge of a subject related to a particular investment, and whose education or job experience is verified by the FINRA or an equivalent self-regulatory organization.
Congressional Research Service summary (Passed House amended), quoted unchanged (nonpartisan). Read the source.
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What does this mean? (plain words)
Official text
Fair Investment Opportunities for Professional Experts Act
Source: Congressional Research Service summary (Passed House amended)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Schweikert, David [R-AZ-6] · 1 cosponsors
Cosponsors on this site
Sponsor's campaign money: Rep. Schweikert, David [R-AZ-6] reported raising $1.7 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.
Recorded votes
- House roll call 46 (2016): On Motion to Suspend the Rules and Pass, as Amended, HR2187 (2016-02-01): Passed
Words on this page, explained (2)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
- Securities
- Financial investments that can be bought and sold, such as stocks and bonds.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Passed House amended)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114hr2187.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/hr>
Record fed-us-cong114-hr2187 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114