# 119-hr-3348: Accredited Investor Definition Review Act

119-hr-3348, Accredited Investor Definition Review Act, is a 119th Congress bill sponsored by Rep. Huizenga, Bill [R-MI-4] (R-MI); status in_committee; PRIA reads it as touching household money (as of 2026-10-09).

- Canonical: https://policyrisk.com/legislation/119-hr-3348
- As of: 2026-10-09
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3348
- Congress: 119
- Title: Accredited Investor Definition Review Act
- Status: in_committee
- Introduced: 2025-05-13
- Sponsor: Rep. Huizenga, Bill [R-MI-4] (R-MI)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-09

## Summary

**Changes who counts as an accredited investor by adding professional credentials and regular regulatory review.** This bill would let specific certifications, designations, or credentials qualify an individual as an accredited investor and set rules for how those credentials are chosen. - Professionals and credential holders: Individuals who hold certifications or licenses that the Securities and Exchange Commission identifies could qualify as "qualifying natural persons" for accredited investor status. The list must include the professional certifications named in the SEC's October 9, 2020 order. - Regulators: The SEC would have to review the list within 18 months of enactment and at least once every five years after that. The agency must add credentials it finds substantially similar and adjust the list as needed for investor protection. - Issuers and private markets: Private offering issuers would apply the revised credential-based test when deciding who meets accredited investor rules, changing which individuals may be eligible to participate in certain private investments.

## Provisions PRIA read

- Professional licenses for accredited investor status: benefit, low. If enacted, you could qualify as an accredited investor if you hold a professional credential the SEC designates. The list would have to include the licenses named in a 2020 SEC order. When choosing which credentials count, the SEC would use standards at least as broad as its 2020 accredited invest…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-3633: Digital Asset Market Clarity Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-2570: Maximum Pressure Act
- 119-hr-6955: Main Street Capital Access Act

## Sources
- [119-hr-3348 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3348)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-3633: Digital Asset Market Clarity Act](https://policyrisk.com/legislation/119-hr-3633)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-2570: Maximum Pressure Act](https://policyrisk.com/legislation/119-hr-2570)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3348 (as of 2026-10-09).