ACCESS Act of 2025
STAGE 3 OF 8 — CALENDARS AND SCHEDULING
Currently in the House. Last action: placed on the union calendar, calendar no. 166 on Jul 15, 2025.
- House Introduced in House May 29, 2025
- House Referred to the House Committee on Financial Services. May 29, 2025
- House Committee Consideration and Mark-up Session Held Jun 10, 2025
- House Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0. Jun 10, 2025
- House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-203. Jul 15, 2025
- House Placed on the Union Calendar, Calendar No. 166. Jul 15, 2025
Cosponsors
4
Subjects
Committees
- Financial Services Committee
- [Reported By, Jul 15, 2025]
- [Markup By, Jun 10, 2025]
- [Referred To, May 29, 2025]
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 as of: Reported to House]
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