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![handle is hein.congrecreports/crptxahjg0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
119TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 119-134
ACCREDITED INVESTOR DEFINITION REVIEW ACT
JUNE 4, 2025.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. HILL of Arkansas, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 3348]
The Committee on Financial Services, to whom was referred the
bill (H.R. 3348) to amend the Securities Act of 1933 and the Dodd-
Frank Wall Street Reform and Consumer Protection Act with re-
spect to the definition of accredited investor, and for other pur-
poses, having considered the same, reports favorably thereon with
an amendment and recommends that the bill as amended do pass.
CONTENTS
Page
Purpose and Sum m ary ............................................................................................ 2
Background and Need for Legislation .................................................................... 2
Com m ittee Consideration ........................................................................................ 3
R elated H earings ..................................................................................................... 3
C om m ittee V otes ..................................................................................................... 4
Com m ittee Oversight Findings ............................................................................... 7
Perform ance Goals and Objectives ......................................................................... 7
Com m ittee Cost Estim ate ....................................................................................... 7
New Budget Authority and CBO Cost Estimate ................................................... 7
Unfunded M andates Statem ent ............................................................................. 7
E arm ark Statem ent ................................................................................................. 7
Federal Advisory Committee Act Statement ......................................................... 8
Applicability to the Legislative Branch ................................................................. 8
Duplication of Federal Program s ............................................................................ 8
Section-by-Section Analysis of the Legislation ...................................................... 8
Changes in Existing Law Made by the Bill, as Reported ................. 8
M inority V iew s ........................................................................................................ 16
The amendment is as follows:
59-006](ViewImageLocal?handle=hein.congrecreports/crptxahjg0001&div=1&collection=&method=preview&ext=.png&size=3)