Press Releases

Washington, D.C. – 5/14/25… This week, Reps. Mike Lawler (NY-17), Mike Flood (NE-01), Cleo Fields (LA-06), Sarah McBride (DE-At large), and Shri Thanedar (MI-13) introduced the Equal Opportunity for All Investors Act. 

The Equal Opportunity for All Investors Act provides additional pathways for Americans to become an accredited investor by allowing individuals seeking the status to take an examination, which will be established by the Securities and Exchange Commission and administered by the Financial Industry Regulatory Authority (FINRA).

“The Equal Opportunity for All Investors Act is about opening up high-growth investment opportunities to more Americans. By expanding the definition of ‘accredited investor’ to include those who pass an SEC and FINRA certification, we’re modernizing outdated rules and ensuring that qualified individuals, not just the wealthiest, can participate in these valuable markets,” said Congressman Lawler. 

“It is my firm belief that greater access to our capital markets should be accessible due to merit and knowledge, not just wealth. The Equal Opportunity for All Investors Act creates a new pathway for investors to gain accredited investor status by passing a thorough investment exam administered by FINRA. Thank you to my colleagues for joining this effort, and I look forward to bringing this before the full committee,” said Congressman Flood.

"Louisiana families understand that wealth-building shouldn't be restricted by arbitrary income thresholds. I've met countless constituents with the skills to evaluate sophisticated investments who simply don't meet outdated wealth requirements. This common-sense reform creates credential-based entry points to private markets, maintaining essential safeguards while expanding access based on merit rather than means. By enabling qualified investors of all backgrounds to participate, we strengthen both public and private capital formation, building a more inclusive economy that reflects our values of opportunity and fairness,” said Congressman Fields.

“Everyone deserves a fair shot at opportunity. The Equal Opportunity for All Investors Act is a commonsense, bipartisan step toward financial inclusion. By expanding the pool of accredited investors, we’re cutting through unnecessary red tape and opening the doors of our capital markets to a broader, more diverse group of Americans. That means greater access to capital for women, veterans, and communities of color — and more innovation, small business growth, and a stronger economy for everyone. I’m grateful to my colleague, Representative Flood, for his partnership,” said Congresswoman McBride.

“As someone who came from deep poverty, I know firsthand that the financial system isn't set up for those without means to succeed. One of my top priorities in Congress is facilitating economic development in communities across Michigan's 13th Congressional District. By allowing more Americans to become accredited investors, we can allow each American to have a better shot at chasing their American Dream of a better life for themselves and their family. I am pleased to support Congressman Flood's bipartisan bill again this Congress, and I look forward to seeing this critical legislation passed into law,” said Congressman Thanedar.

Congressman Lawler is one of the most bipartisan members of Congress and represents New York's 17th Congressional District, which is just north of New York City and contains all or parts of Rockland, Putnam, Dutchess, and Westchester Counties. He was rated the most effective freshman lawmaker in the 118th Congress, 8th overall, surpassing dozens of committee chairs.

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Full bill text can be found HERE.