House Passes INVEST Act

Benzinga

The House passed the INVEST Act to widen access to private markets by letting investors qualify as accredited through an SEC exam and by raising key venture-fund limits. Lawmakers say the bill could unlock more startup capital and broaden investment beyond traditional coastal hubs.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Private markets could see an influx of capital under legislation approved by the House on Thursday, according to CNBC.

00:09The House passed the Invest Act by a 302 to 123 vote,

00:14with 87 Democrats joining Republicans to expand investor access to private markets and boost capital formation for startups.

00:22The bill would allow investors to qualify as accredited by passing a Securities and Exchange Commission-approved exam

00:27instead of meeting wealth or income thresholds.

00:30It would also raise the investor cap for venture funds to $500 from $250

00:33and increase fundraising limits to $50 million from $10 million before triggering stricter disclosure rules.

00:40The package would make it easier for venture firms to invest in each other,

00:43a change lawmakers said could direct more capital to regions such as the Midwest and South.

00:49The bill now heads to the Senate.

00:50For all things money, visit Benzinga.com.

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