Well it is not surprising the SEC are getting that order, as they created the whole accredited investor stuff from whole cloth to begin with. But I do not thin

Well it is not surprising the SEC are getting that order, as they created the whole accredited investor stuff from whole cloth to begin with. But I do not think you are correct that this is a grant of authority. The SEC have always had the authority to change those numbers; as I mentioned, they created them to begin with. This proposed law actually orders the SEC to raise the numbers to account for inflation, but it gives the SEC broad discretion on how to do it. But it is worth noting that the SEC have not changed the numbers from 1982, although they had the power to. Also from various SEC papers I have read it seems very unlikely they will suddenly double the requirements. Most likely, they will start accounting for inflation in the future.