ACCESS Act of 2025
Official title: To amend the Securities Act of 1933 to raise the offering amount threshold for when issuers using the crowdfunding exemption are required to file financial statements reviewed by a public accountant who is independent of the issuer, and for other purposes.
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What Happened in Congress?
Not yet voted on the floor.
Where the Bill Stands
- Introduced, done
- Committee, done
- Floor Vote, current stage
- Outcome, not yet
What This Bill Does
This bill expands the exemption from certain disclosures applicable to crowdfunding issuers with specified target offering amounts. (Crowdfunding is used to raise capital through a large number of individuals investing potentially small amounts of money.) Under current law, crowdfunding issuers that have target offering amounts of $100,000 or less are not required to make available financial statements reviewed by an independent public accountant. The bill increases that amount to $250,000 and allows the Securities and Exchange Commission to increase this amount to no more than $400,000 upon recommendation of the Office of the Advocate for Small Business Capital Formation and the Office of the Investor Advocate.
Sponsors
Related Documents
Timeline
- House floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-203.
- House committee actionsCommittee Consideration and Mark-up Session Held
- Library of CongressIntroduced in House
- House floor actionsReferred to the House Committee on Financial Services.
- Introduced
- Committee
Comments
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