Section 1. Short title
This Act may be cited as the Investment Opportunity Expansion Act.
Section 2. Investment thresholds to qualify as an accredited investor
Section 2(a)(15) of the Securities Act of 1933 (15 U.S.C. 77b(a)(15)) is amended—
(1) in clause (i), by striking or at the end;
(2) in clause (ii), by striking the period at the end and inserting; or; and
(3) by adding at the end the following:
(iii) with respect to a proposed transaction, any individual whose aggregate investment, at the completion of such transaction, in securities with respect to which there has not been a public offering is not more than 10 percent of the greater of—
(I) the net assets of the individual; or
(II) the annual income of the individual.