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H.R. 2609 118th Congress House

SEED Act of 2023

Official title: To amend the Securities Act of 1933 to provide small issuers with a micro-offering exemption free of mandated disclosures or offering filings, but subject to t… Show full official titleShow less

Official title: To amend the Securities Act of 1933 to provide small issuers with a micro-offering exemption free of mandated disclosures or offering filings, but subject to the antifraud provisions of the Federal securities laws, and for other purposes.

Introduced: April 27, 2023 See on congress.gov
Finance and Financial Sector
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 13, 2023
Referred to the House Committee on Financial Services.
Apr 13, 2023
Introduced in House
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 Latest action April 13, 2023

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Small Entrepreneurs' Empowerment and Development Act of 2023 or the SEED Act of 2023

This bill establishes an exemption to certain securities regulations for small offerings of securities. Specifically, securities registration is not required for a sale of securities if the total amount of securities sold by the issuer during the preceding 12-month period sale does not exceed $250,000.

Furthermore, the Securities and Exchange Commission must issue rules under which an issuer is disqualified from offering securities through this exemption. These rules must disqualify any such offering or sale of securities by a person subject to specified regulatory disciplinary actions or convicted of certain felonies or misdemeanors.

 Related & companion bills 2
  • HR 5458 Reintroduction of SEED Act of 2021
  • HR 2799 Expanding Access to Capital Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Emmer, Tom
Minnesota · Apr 27, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2609: SEED Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2609/
MLA
"H.R. 2609: SEED Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2609/.
Bluebook (legal)
H.R. 2609, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2609/.
Markdown link
[H.R. 2609: SEED Act of 2023](https://openamerica.io/bill/118-HR-2609/)
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