ACCESS Act of 2025
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Finance and Financial Sector
Rep. Meuser, Daniel [R-PA-9] (R) — PA
Summary
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.
Legislative subjects
Business records; Corporate finance and management; Finance and Financial Sector; Financial services and investments
Latest action
Placed on the Union Calendar, Calendar No. 166.
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