119-HR3645

Bill is currently in: House
Path to Law
House Senate President

119th CONGRESS

1st Session

H. R. 3645

1. Short title
2. Offering threshold for reviews by public accountant

1. Short title

This Act may be cited as the "Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2025" or the "ACCESS Act of 2025".

2. Offering threshold for reviews by public accountant

(a) In general - Section 4A of the Securities Act of 1933 (15 U.S.C. 77d–1) is amended—

(1) - in subsection (b)(1)(D), by striking "$100,000" each place such term appears and inserting "$250,000"; and

(2) Discretion to adjust amount - by adding at the end the following:

(i) Discretion to adjust amount - The Commission may increase the amount specified in subsections (b)(1)(D)(i) and (b)(1)(D)(ii) from $250,000 to an amount not greater than $400,000 upon the recommendation of the Office of the Advocate for Small Business Capital Formation and the Office of the Investor Advocate.

(b) Technical corrections - Section 4A of the Securities Act of 1933 (15 U.S.C. 77d–1) is amended—

(1) - by striking "section 4(6)" each place such term appears and inserting "section 4(a)(6)"; and

(2) - by striking "section 4(6)(B)" each place such term appears and inserting "section 4(a)(6)(B)".