Equal Opportunity for All Investors Act of 2025

This bill would require the Securities and Exchange Commission (SEC) to create a free, standardized exam that individuals could take to qualify as accredited investors, replacing the current income or net worth requirements. It directly affects natural persons seeking accredited investor status who do not meet existing financial thresholds. The exam would test knowledge on securities types, disclosure rules, financial statements, private investment risks (like limited liquidity and information asymmetry), and conflicts of interest. The SEC must establish the exam within one year and have it administered free of charge by a registered securities association within 180 days of launch.