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H.R. 3135 119th Congress House

RACE Act of 2025

Official title: To amend the Securities Act of 1933 to automatically qualify offering statements filed with the Securities and Exchange Commission in connection with certain s… Show full official titleShow less

Official title: To amend the Securities Act of 1933 to automatically qualify offering statements filed with the Securities and Exchange Commission in connection with certain securities issued under Regulation A tier 2, and for other purposes.

Introduced: May 1, 2025 Introduced by: Andy Barr Republican · Kentucky See on congress.gov
Finance and Financial Sector
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 1, 2025
Referred to the House Committee on Financial Services.
May 1, 2025
Introduced in House
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What's happening now May 1, 2025

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Regulation Advancement for Capital Enhancement Act of 2025 or the RACE Act of 2025

This bill allows issuers with offerings that were previously exempted from securities registration requirements to issue an additional class of securities if certain criteria are met.

Specifically, this bill allows an issuer who issued securities under Regulation A (a small offering of securities exempt from registration requirements) to issue an additional class of securities if the securities in the additional class are substantially similar to the original class and the offering amount does not exceed specified dollar limits. However, the securities offered in the additional class are not required to have the same nature or terms. 

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 9

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • INVARIANT LLC
    for NATIONAL THOROUGHBRED RACING ASSOCIATION · Kentucky · 3rd Quarter 2026 (July 1 - Sep 30)
  • SQUIRE PATTON BOGGS
    for NATIONAL THOROUGHBRED RACING ASSOCIATION (NTRA) · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
  • INVARIANT LLC
    for NATIONAL THOROUGHBRED RACING ASSOCIATION · Kentucky · 2nd Quarter 2026 (Apr 1 - June 30)
  • SQUIRE PATTON BOGGS
    for NATIONAL THOROUGHBRED RACING ASSOCIATION (NTRA) · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)
  • INVARIANT LLC
    for NATIONAL THOROUGHBRED RACING ASSOCIATION · Kentucky · 1st Quarter 2026 (Jan 1 - Mar 31)
  • SQUIRE PATTON BOGGS
    for NATIONAL THOROUGHBRED RACING ASSOCIATION (NTRA) · District of Columbia · 1st Quarter 2026 (Jan 1 - Mar 31)

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 9 filings →
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3135: RACE Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-HR-3135/
MLA
"H.R. 3135: RACE Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-3135/.
Bluebook (legal)
H.R. 3135, 119th Cong. (2026), https://openamerica.io/bill/119-HR-3135/.
Markdown link
[H.R. 3135: RACE Act of 2025](https://openamerica.io/bill/119-HR-3135/)
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