WASHINGTON D.C. — With hopes of expanding the pool of investors ready to raise capital for start-ups, Rep. Sarah McBride (D-Del.) and a coalition of representatives introduced a bill that would create an exam for accredited investors so they could do just that.

The Equal Opportunity for All Investors Act proposes a revision to the definition of an “accredited investor” under the Regulation D of the Securities Act of 1933 for those who could pass an exam created by the U.S. Securities and Exchange Commission. The exam would be designed with “an appropriate level of difficulty such that an individual with financial sophistication would be unlikely to fail.”

As it stands now, an accredited investor is a person or business that is permitted to buy and sell securities that are not registere

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