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    <number>3645</number>
    <updateDate>2026-02-04T04:11:36Z</updateDate>
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    <originChamber>House</originChamber>
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    <introducedDate>2025-05-29</introducedDate>
    <congress>119</congress>
    <legislationUrl>https://www.congress.gov/bill/119th-congress/house-bill/3645</legislationUrl>
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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 171, Number 91 (Thursday, May 29, 2025)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. MEUSER:H.R. 3645.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States Constitution.[Page H2377]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <citation>H. Rept. 119-203</citation>
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        <text>Placed on the Union Calendar, Calendar No. 166.</text>
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        <text>Reported (Amended) by the Committee on Financial Services. H. Rept. 119-203.</text>
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        <text>Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.</text>
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        <text>Referred to the House Committee on Financial Services.</text>
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        <fullName>Rep. Meuser, Daniel [R-PA-9]</fullName>
        <firstName>Daniel</firstName>
        <lastName>Meuser</lastName>
        <party>R</party>
        <state>PA</state>
        <district>9</district>
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        <bioguideId>D000594</bioguideId>
        <fullName>Rep. De La Cruz, Monica [R-TX-15]</fullName>
        <firstName>Monica</firstName>
        <lastName>De La Cruz</lastName>
        <party>R</party>
        <state>TX</state>
        <district>15</district>
        <sponsorshipDate>2025-05-29</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M001136</bioguideId>
        <fullName>Rep. McClain, Lisa C. [R-MI-9]</fullName>
        <firstName>Lisa</firstName>
        <lastName>McClain</lastName>
        <party>R</party>
        <state>MI</state>
        <middleName>C.</middleName>
        <district>9</district>
        <sponsorshipDate>2025-05-29</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <bioguideId>N000193</bioguideId>
        <fullName>Rep. Nunn, Zachary [R-IA-3]</fullName>
        <firstName>Zachary</firstName>
        <lastName>Nunn</lastName>
        <party>R</party>
        <state>IA</state>
        <district>3</district>
        <sponsorshipDate>2025-05-29</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>S000168</bioguideId>
        <fullName>Rep. Salazar, Maria Elvira [R-FL-27]</fullName>
        <firstName>Maria</firstName>
        <lastName>Salazar</lastName>
        <party>R</party>
        <state>FL</state>
        <middleName>Elvira</middleName>
        <district>27</district>
        <sponsorshipDate>2025-05-29</sponsorshipDate>
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        <pubDate>2025-10-28T20:18:00Z</pubDate>
        <title>H.R. 3645, the ACCESS Act of 2025</title>
        <url>https://www.cbo.gov/publication/61846</url>
        <description>As reported by the House Committee on Financial Services on July 15, 2025</description>
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      <name>Finance and Financial Sector</name>
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      <legislativeSubjects>
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          <name>Business records</name>
          <updateDate>2025-06-30T14:10:30Z</updateDate>
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          <name>Corporate finance and management</name>
          <updateDate>2025-06-30T14:10:22Z</updateDate>
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          <name>Financial services and investments</name>
          <updateDate>2025-06-30T14:07:14Z</updateDate>
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        <name>Finance and Financial Sector</name>
        <updateDate>2025-06-12T14:11:17Z</updateDate>
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        <versionCode>07</versionCode>
        <actionDate>2025-07-15</actionDate>
        <actionDesc>Reported to House</actionDesc>
        <updateDate>2025-09-03T15:31:10Z</updateDate>
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          <text>&lt;p&gt;&lt;strong&gt;Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2025 or the ACCESS Act of 2025 &lt;/strong&gt;&lt;/p&gt;&lt;p&gt;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.&lt;/p&gt;</text>
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    </summaries>
    <title>ACCESS Act of 2025</title>
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        <titleType>Display Title</titleType>
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        <title>ACCESS Act of 2025</title>
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        <titleType>Official Title as Introduced</titleType>
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        <title>To amend the Securities Act of 1933 to raise the offering amount threshold for when issuers using the crowdfunding exemption are required to file financial statements reviewed by a public accountant who is independent of the issuer, and for other purposes.</title>
        <updateDate>2025-07-17T11:31:57Z</updateDate>
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      <actionDate>2025-07-15</actionDate>
      <text>Placed on the Union Calendar, Calendar No. 166.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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