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H.R. 3645 119th Congress House

ACCESS Act of 2025

Official title: 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 sta… Show full official titleShow less

Official title: 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.

Introduced: May 29, 2025 Introduced by: Daniel Meuser Republican · Pennsylvania See on congress.gov
Finance and Financial Sector Business recordsCorporate finance and managementFinancial services and investments
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 15, 2025
Placed on the Union Calendar, Calendar No. 166.
Jul 15, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-203.
Jun 10, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
Jun 10, 2025
Committee Consideration and Mark-up Session Held
May 29, 2025
Introduced in House
May 29, 2025
Referred to the House Committee on Financial Services.
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What's happening now July 15, 2025

Placed on the Union Calendar, Calendar No. 166.

 Plain-English summary Congressional Research Service

Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2025 or the ACCESS Act of 2025

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.

 Hearings & markups 1
  • Various Measures
    Markup Jun 10, 2025 · 10:00 AM EDT · Financial Services Committee
 Related & companion bills 1
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 7

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

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.

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 Cosponsors 4
All 4 Republican 4
R
De La Cruz, Monica
Texas · May 29, 2025
 R
McClain, Lisa C.
Michigan · May 29, 2025
 R
Nunn, Zachary
Iowa · May 29, 2025
 R
Salazar, Maria Elvira
Florida · May 29, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3645: ACCESS Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-HR-3645/
MLA
"H.R. 3645: ACCESS Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-3645/.
Bluebook (legal)
H.R. 3645, 119th Cong. (2026), https://openamerica.io/bill/119-HR-3645/.
Markdown link
[H.R. 3645: ACCESS Act of 2025](https://openamerica.io/bill/119-HR-3645/)
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