This legislation amends the Securities Act of 1933 to significantly raise the offering amount threshold for crowdfunding issuers required to file financial statements reviewed by an independent public accountant. The bill increases the current $100,000 threshold to $250,000 , aiming to ease regulatory burdens and reduce compliance costs for small businesses seeking capital through crowdfunding. Additionally, it grants the Securities and Exchange Commission (SEC) discretion to further raise this cap to $400,000 , contingent upon recommendations from the Office of the Advocate for Small Business Capital Formation and the Office of the Investor Advocate. These changes are designed to enhance crowdfunding capital formation and support small business growth.