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H.R. 3645 · 119th Congress

ACCESS Act of 2025

Introduced May 29, 2025Policy area: Finance and Financial Sector

Read the textOn Congress.gov

Status: In committee

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Law

Latest action

: Placed on the Union Calendar, Calendar No. 166.

Summary

Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2025 or the ACCESS Act of 2025

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.

Summary by the Congressional Research Service.

Actions

  1. House

    Placed on the Union Calendar, Calendar No. 166.

  2. House

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-203.

  3. House

    Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.

  4. House

    Committee Consideration and Mark-up Session Held

  5. House

    Referred to the House Committee on Financial Services.

  6. Introduced in House