ACCESS Act of 2025

United States119th CongressHR-3645House of Representatives
Updated: Jul 15, 2025

Summary

This bill amends the Securities Act of 1933 to adjust the regulatory requirements for companies utilizing crowdfunding exemptions. Specifically, it raises the offering amount threshold from $100,000 to $250,000, above which issuers are mandated to file financial statements reviewed by an independent public accountant. The legislation further empowers the Securities and Exchange Commission (SEC) to discretionarily increase this threshold from $250,000 to an amount not exceeding $400,000. This additional increase would require recommendations from the Office of the Advocate for Small Business Capital Formation and the Office of the Investor Advocate. The bill also incorporates minor technical corrections to specific section references within the Securities Act of 1933.

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Timeline

Latest companion bill action

S-3662: ACCESS Act of 2026

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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

    House of Representatives

  2. Committee Consideration and Mark-up Session Held

    House of Representatives

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

    House of Representatives

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

    House of Representatives