UCLA Presents voteview.com beta 3

Welcome! We have just updated Voteview's aging codebase. In the process, we have fixed some nagging issues, added a few new features, and improved performance. If you notice anything that used to work that no longer does, please let us know.

118th Congress > House > Vote 243

Date: May 31, 2023

Result: 383-18 (Passed)

Clerk session vote number: 244

Sponsor: FLOOD, Mike (R-NE)

Bill number: HR2797

Question: On Motion to Suspend the Rules and Pass, as Amended

Description: Equal Opportunity for All Investors Act of 2023

Bill summary:

Equal Opportunity for All Investors Act of 2023

This bill expands who may be considered an accredited investor for purposes of participating in private offerings of securities. Certain unregistered securities may only be offered to accredited investors.

Specifically, the bill allows an individual to qualify through an examination established by the Securities and Exchange Commission. The examination must

be designed with an appropriate difficulty level such that an individual with financial sophistication or training would be unlikely to fail,
include methods to determine competency in certain areas, and
be administered by a registered national securities association and offered free of charge to the public.

Currently, accredited investors must satisfy certain requirements indicating their reduced exposure to financial risk, including those related to income, net worth, or knowledge and experience.

Bill titles: To amend the Securities Act of 1933 to require certification examinations for accredited investors, and for other purposes.

Links for more info on the vote: congress.gov

Loading graphics...

Error!

Member Vote Map

Note: This map combines minor parties to increase visual clarity. Click here to view all parties separately.

Vote Ideological Breakdown

This chart describes how members voted on the rollcall. Members are placed according to their NOMINATE ideological scores. A cutting line divides the vote into those expected to vote "Yea" and those expected to vote "Nay". The shaded heatmap reflects the expected probability of voting "Yea". You can select points or regions to subset the members listed above and below.

Votes

(Sort by , , , , )

Selected: of from including with NOMINATE scores within .