# 119-hr-9574: Informed Investor Access Act

119-hr-9574, Informed Investor Access Act, is a 119th Congress bill sponsored by Rep. Downing, Troy [R-MT-2] (R-MT); status introduced; PRIA reads it as touching household money (as of 2026-07-15).

- Canonical: https://policyrisk.com/legislation/119-hr-9574
- As of: 2026-07-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9574
- Congress: 119
- Title: Informed Investor Access Act
- Status: introduced
- Introduced: 2026-07-02
- Sponsor: Rep. Downing, Troy [R-MT-2] (R-MT)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-15

## Summary

**Expands who counts as an accredited investor.** This bill would add a new category that lets any natural person an issuer reasonably believes is receiving personalized investment advice or personalized recommendations for the applicable transaction from a registered investment adviser or from a registered broker qualify as an accredited investor. - Families and individual investors: More people could gain access to private securities offerings when they receive personalized advice from a registered investment adviser or a registered broker. - Issuers and fundraisers: Issuers could treat more buyers as accredited based on their reasonable belief about a buyer's access to professional advice, potentially widening the pool for private capital. - Registered investment advisers and brokers: Advice or recommendations from these professionals would create a clear path for clients to meet accredited investor criteria for a specific transaction. - Securities and Exchange Commission: The bill would direct the SEC to revise the accredited investor rule and any related definitions to reflect this new category.

## Cosponsors (2)

- Rep. Lawler, Michael [R-NY-17] (R-NY), 2026-07-02T00:00:00.000Z
- Rep. Moore, Tim [R-NC-14] (R-NC), 2026-07-02T00:00:00.000Z

## Provisions PRIA read

- More private deal access for investors: benefit, medium. If enacted, this bill would expand who counts as an accredited investor for private securities deals. You would be treated as accredited if an issuer reasonably believes you received personalized investment advice or a personalized recommendation for that transaction from a registered investment ad…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-6955: Main Street Capital Access Act
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025
- 119-hr-833: Educational Choice for Children Act of 2025

## Sources
- [119-hr-9574 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9574)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [119-hr-833: Educational Choice for Children Act of 2025](https://policyrisk.com/legislation/119-hr-833)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9574 (as of 2026-07-15).