H.R. 4171 119th Congress House

SEED Act of 2025

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: June 26, 2025 Introduced by: Andrew R. Garbarino Republican · New York See on congress.gov

Finance and Financial Sector Administrative law and regulatory proceduresFraud offenses and financial crimesSecuritiesSecurities and Exchange Commission (SEC)Small business

Everywhere this bill has been 6 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 25, 2026

Placed on the Union Calendar, Calendar No. 492.

Mar 25, 2026

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-572.

Mar 4, 2026

Ordered to be Reported by the Yeas and Nays: 26 - 17.

Mar 4, 2026

Committee Consideration and Mark-up Session Held

Jun 26, 2025

Introduced in House

Jun 26, 2025

Referred to the House Committee on Financial Services.

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What's happening now March 25, 2026

Placed on the Union Calendar, Calendar No. 492.

Hearings & markups 2

Various Measures
Markup Mar 4, 2026 · 10:00 AM EST · Financial Services Committee
Various Measures
Markup Jan 22, 2026 · 10:00 AM EST · Financial Services Committee

Bill text 2 versions

Introduced in House Formatted Text PDF Formatted XML
Reported in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Financial Services Committee
House of Representatives

Lobbying activity 10

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

AMERICAN ASSOCIATION FOR JUSTICE
for AMERICAN ASSOCIATION FOR JUSTICE · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
AMERICANS FOR FINANCIAL REFORM
for AMERICANS FOR FINANCIAL REFORM · District of Columbia · 1st Quarter 2026 (Jan 1 - Mar 31)
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)
AMERICAN ASSOCIATION FOR JUSTICE
for AMERICAN ASSOCIATION FOR JUSTICE · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 1st Quarter 2026 (Jan 1 - Mar 31)

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
10 filings
SENATE
10 filings
Executive Office of the President (EOP)
5 filings
Labor, Dept of (DOL)
5 filings
Treasury, Dept of
5 filings
White House Office
5 filings
Agriculture, Dept of (USDA)
4 filings
Army, Dept of (Corps of Engineers)
4 filings

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 10 filings →

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 4171: SEED Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-HR-4171/

MLA

"H.R. 4171: SEED Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-4171/.

Bluebook (legal)

H.R. 4171, 119th Cong. (2026), https://openamerica.io/bill/119-HR-4171/.

Markdown link

[H.R. 4171: SEED Act of 2025](https://openamerica.io/bill/119-HR-4171/)