Fair Investment Opportunities for Professional Experts Act

Floor Speech

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Mr. HARIDOPOLOS. Mr. Speaker, I will be brief with this explanation. I will first say that it is so nice to see our economy moving in the right direction. This bill will give more opportunities to Americans to invest with not as many regulations in their way. With these challenging times overseas, it is nice to see that we recognize that economic security equals national security, and by expanding the qualified investor rule, which will give exactly that: more opportunity to others.

This bill, led by our chairman, expands access to private capital markets with those who have proven expertise. The bill allows investors to qualify based on licenses, education, and job experience, not just net worth.

It truly modernizes our investor standards to reflect today's knowledge-based economy by widening their pool for investors who are qualified. It fuels private investment and business growth while at the same time keeping protections in place by the SEC and FINRA.

For these reasons, I support the good bill by our chairman.

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