TheCorporateCounsel.net

Traditionally, accredited investor status for individuals has been based on wealth or income. Last week, a bipartisan group of lawmakers introduced legislation that would provide an alternative path to accredited investor status. The bill, which is titled “The Equal Opportunity for All Investors Act of 2025,” would allow individuals to become accredited investors by passing a test that the SEC would be required to come up with within a year of its passage. The legislation would require that test to be “designed with an appropriate level of difficulty such that an individual with financial sophistication would be unlikely to fail.”

If this sounds familiar, it may be because the same bill was introduced during the last session of Congress. The legislation was passed by the House but died in the Senate. However, with capital formation a priority for the Trump administration and the SEC signaling a desire to make it easier for retail investors to purchase securities in exempt offerings, it may have a better shot in the current session of Congress.

– John Jenkins