ACCESS Act of 2025
- Last Action
- 7/15/2025
Actions
- 2025-07-15Placed on the Union Calendar, Calendar No. 166.
- 2025-07-15Reported (Amended) by the Committee on Financial Services. H. Rept. 119-203.
- 2025-07-15Reported (Amended) by the Committee on Financial Services. H. Rept. 119-203.
- 2025-06-10Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
- 2025-06-10Committee Consideration and Mark-up Session Held
- 2025-05-29Referred to the House Committee on Financial Services.
- 2025-05-29Introduced in House
- 2025-05-29Introduced in House
CRS Summary
As of 2025-07-15 (07)
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.
Cosponsors (4)
- Monica De La Cruz (R-TX)
- Lisa McClain (R-MI)
- Zachary Nunn (R-IA)
- Maria Salazar (R-FL)
Subjects
- Business records
- Corporate finance and management
- Financial services and investments
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.