Active
Bill · 119th Congress · HR 3645
ACCESS Act of 2025
Refreshed 2 h ago
Introduced 2025-05-29Topic: economy jobsSummary
Summary by the Congressional Research ServiceAmendment 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.
Sponsors
- Daniel Meuser Republican sponsor
- 4 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-07-15 | House | Placed on the Union Calendar, Calendar No. 166. | |
| 2025-07-15 | House | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-203. | report |
| 2025-07-15 | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-203. | report | |
| 2025-06-10 | House | Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0. | refer |
| 2025-06-10 | House | Committee Consideration and Mark-up Session Held | refer |
| 2025-05-29 | House | Referred to the House Committee on Financial Services. | refer |
| 2025-05-29 | Introduced in House | introduce | |
| 2025-05-29 | Introduced in House | introduce |