ACCESS Act of 2025
Bill journey · stage 2 of 5
Under committee review
What it doesSummary reported to house (Jul 15, 2025)
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.
What just happenedJul 15, 2025
Placed on the Union Calendar, Calendar No. 166.
Who’s behind it
- Reported in HouseJul 15, 2025
- Introduced in HouseMay 29, 2025
- Jul 15, 2025CalendarsH12410
Placed on the Union Calendar, Calendar No. 166.
- Jul 15, 2025CommitteeH12200
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-203.
- Jul 15, 2025Committee5000
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-203.
- Jun 10, 2025Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
- Jun 10, 2025Committee
Committee Consideration and Mark-up Session Held
- May 29, 2025IntroReferralH11100
Referred to the House Committee on Financial Services.
- May 29, 2025IntroReferralIntro-H
Introduced in House
- May 29, 2025IntroReferral1000
Introduced in House