HR 3645
Advanced toward a vote
Raises the offering amount threshold from $100,000 to $250,000 below which crowdfunding issuers do not need a financial statement reviewed by an independent public accountant, and lets the SEC raise it up to $400,000.
Official title: ACCESS Act of 2025
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
29-MAY-2025
Referred
29-MAY-2025
Approved by committee
10-JUN-2025
Reported
15-JUL-2025
On the calendar
15-JUL-2025
- Changes the crowdfunding offering amount above which issuers must have financial statements reviewed by an independent public accountant from $100,000 to $250,000.
- Allows the Securities and Exchange Commission to increase that amount to no more than $400,000 on the recommendation of the Office of the Advocate for Small Business Capital Formation and the Office of the Investor Advocate.
- Corrects internal cross-references in Section 4A of the Securities Act of 1933 from section 4(6) to section 4(a)(6).
Current. The Congressional Research Service's summary covers the bill's latest wording (Reported to House, 15-JUL-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov- Financial Services Committee (House)
Finance and Financial Sector
■ 4 R
4 Republicans