House passes my bill to strengthen SW MI economy
I am happy to share with you that my legislation to strengthen opportunity, investment, and small business across Southwest Michigan passed the U.S. House unanimously last week! The current definition used by the Securities and Exchange Commission (SEC) to identify “accredited investors” is outdated. It is solely and wrongly based on a person’s wealth or, more specifically, on their net income. This antiquated view limits funding for small business startups and shuts everyday Americans out of our capital markets. You shouldn’t have to be a millionaire to be an accredited investor, which is why I introduced H.R. 1579, the Accredited Investor Definition Review Act.
