IPA Applauds Congressional Discussion of Expanding the Accredited Investor Definition
The Institute for Portfolio Alternatives (IPA) applauds the U.S. House Financial Services Subcommittee for its recognition of the importance of the expansion of the accredited investor definition.
During a February 26th Congressional hearing, Subcomittee Chair Ann Wagner (R-Mo) advocated for broadening the pool of accredited investors, which “will unlock new sources of capital that will benefit businesses and investors.”
Additionally, Congressman Warren Davidson (R-Ohio), who has for years called for expanding the accredited investor definition, submitted IPA’s Accredited Investor Alliance letter. IPA also submitted its own letter to the Subcommittee.
Also of significant note, Congressman Andrew Garbarino (R-N.Y.) posed questions to the hearing witnesses about increasing access to alternative investments and the importance of modernizing the accredited investor definition.
IPA commends the efforts of the Subcommittee to prioritize access and encourages further exploration to expand the pool of accredited investors.
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