; and (2) may not revise such section 230.701 in any manner that would have the effect of restricting access to equity compensation for employees or individuals described under subsection (a). 3103. GAO study Not later than the end of the 3-year period beginning on the date of enactment of this Act, the Comptroller General of the United States shall carry out a study on the effects of this title and submit a report on such study to the Congress. II Investment Opportunity Expansion 3201. Short title This title may be cited as the Investment Opportunity Expansion Act . 3202. Investment thresholds to qualify as an accredited investor Section 2(a)(15) of the Securities Act of 1933 ( 15 U.S.C. 77b(a)(15) ) is amended— (1) by striking (15) The term accredited investor shall mean— and inserting the following: (15) Accredited investor (A) In general The term accredited investor means— ; (2) in clause (i), by striking or at the end; (3) in clause (ii), by striking the period at the end and inserting a semicolon; and (4) by adding at the end the following: (iii) with respect to a proposed transaction, any individual whose aggregate investment, at the completion of such transaction, in securities with respect to which there has not been a public offering is not more than 10 percent of the greater of— (I) the net assets of the individual; or (II) the annual income of the individual; . III Risk Disclosure and Investor Attestation 3301. Short title This title may be cited as the Risk Disclosure and Investor Attestation Act . 3302. Investor attestation (a) In general Section 2(a)(15) of the Securities Act of 1933 ( 15 U.S.C. 77b(a)(15) ), as amended by section 3202, is further amended by adding at the end the following: (iv) with respect to an issuer, any individual that has attested to the issuer that the individual understands the risks of investment in private issuers, using such form as the Commission shall establish, by rule, but which form may not be longer than 2 pages in length