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<dc:title>119 S4170 IS: Regulation A+ Improvement Act of 2026</dc:title>
<dc:publisher>U.S. Senate</dc:publisher>
<dc:date>2026-03-24</dc:date>
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<dc:language>EN</dc:language>
<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>
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<distribution-code display="yes">II</distribution-code><congress>119th CONGRESS</congress><session>2d Session</session><legis-num>S. 4170</legis-num><current-chamber>IN THE SENATE OF THE UNITED STATES</current-chamber><action><action-date date="20260324">March 24, 2026</action-date><action-desc><sponsor name-id="S417">Mr. Budd</sponsor> introduced the following bill; which was read twice and referred to the <committee-name committee-id="SSBK00">Committee on Banking, Housing, and Urban Affairs</committee-name></action-desc></action><legis-type>A BILL</legis-type><official-title>To amend the Securities Act of 1933 with respect to small company capital formation, and for other purposes.</official-title></form><legis-body style="OLC" display-enacting-clause="yes-display-enacting-clause" id="H92F08237DFB042959135450DB05D05EC"><section section-type="section-one" id="H26AE8C9A4ADF43899E032AC1A70451C3"><enum>1.</enum><header>Short title</header><text display-inline="no-display-inline">This Act may be cited as the <quote><short-title>Regulation A+ Improvement Act of 2026</short-title></quote>.</text></section><section section-type="subsequent-section" id="HBA42754607D24A87AFBFE466DE7A4E9C"><enum>2.</enum><header>JOBS Act-related exemption</header><text display-inline="no-display-inline">Section 3(b) of the Securities Act of 1933 (<external-xref legal-doc="usc" parsable-cite="usc/15/77c">15 U.S.C. 77c(b)</external-xref>) is amended—</text><paragraph id="HF682E09FDB7644D3888EA6FF2B4DDFDC"><enum>(1)</enum><text>in paragraph (2)(A), by striking <quote>$50,000,000</quote> and inserting <quote>$150,000,000, adjusted for inflation by the Commission every 2 years to the nearest $10,000 to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics</quote>; and</text></paragraph><paragraph id="H6E20A1872F9A4089886DA2EDE78D6B50"><enum>(2)</enum><text>in paragraph (5)—</text><subparagraph id="HF0D89D0154DE4919847C5A7F477C420E"><enum>(A)</enum><text>by striking <quote>such amount as</quote> and inserting: <quote>such amount, in addition to the adjustment for inflation provided for under such paragraph (2)(A), as</quote>; and</text></subparagraph><subparagraph id="HCFC98E6873CA41608494A8326AA65E4E"><enum>(B)</enum><text>by striking <quote>such amount, it</quote> and inserting <quote>such amount, in addition to the adjustment for inflation provided for under such paragraph (2)(A), it</quote>.</text></subparagraph></paragraph></section></legis-body></bill>

