The S. 3709, known as the “Investment Opportunity Expansion Act,” seeks to change the Securities Act of 1933 by introducing new limits for individuals to qualify as accredited investors. Specifically, it allows individuals to be considered accredited investors if their...
Simple Explanation
S. 3709 is a bill that wants to change some rules about who can invest in special deals that are not open to everyone. It says people can invest if what they put in is not more than 10% of what they have or earn for the year, making it safe for them while giving more people a chance to invest.