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119th CONGRESS
1st Session |
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.
Mr. Meuser (for himself, Ms. De La Cruz, Mrs. McClain, Mr. Nunn of Iowa, and Ms. Salazar) introduced the following bill; which was referred to the Committee on Financial Services
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2025” or the “ACCESS Act of 2025”.
SEC. 2. Offering threshold for reviews by public accountant.
(a) In general.—Section 4A(b)(1)(D) of the Securities Act of 1933 (15 U.S.C. 77d–1(b)(1)(D)) is amended by striking “$100,000” each place such term appears and inserting “$500,000”.
(b) Technical correction.—Section 4A of the Securities Act of 1933 (15 U.S.C. 77d–1) is amended—
(1) by striking “section 4(6)” each place such term appears and inserting “section 4(a)(6)”; and
(2) by striking “section 4(6)(B)” each place such term appears and inserting “section 4(a)(6)(B)”.