Congress·In Committee·H.R. 3135

RACE Act of 2025

Small Business Investment: Faster SEC Approval for Repeat Stock Sales

May 1, 2025·View on Congress.gov·Read full text

This bill is one vehicle in a longer effort. See the full story across every version.View effort →

Next up: A house committeeNo action in 14 months

The RACE Act of 2025 is currently sitting in the House Committee on Financial Services where it has been since April 2025. No action has been taken on this bill for 14 months. It is considered stalled because the committee has not held a vote or moved the bill forward.

Legislative Progress

House

Senate

President

Law

Unlikely to pass

While the bill helps small businesses, most standalone financial bills struggle to pass both the House and Senate without being part of a larger package.

How we got here

This bill’s path across every version that has carried it.

Reintroduced
Reintroduced from H.R. 8222 (118th), which died when its Congress ended.
H.R. 8222 (118th) →

Key Points

This bill makes it faster for small companies to raise money by selling stock or other investments. It targets a specific type of fundraising called Regulation A, which is often used by startups and mid-sized businesses to get money from the public.
Currently, every time a company wants to sell these investments, they have to wait for the Securities and Exchange Commission (SEC) to review and approve their paperwork. This bill would allow companies that have already been approved once to skip the wait for new, similar sales.
To qualify for this fast track, the new investment must be similar to the one the SEC already approved. Also, each individual sale must be for less than $5 million to ensure it is used for smaller-scale fundraising.
The goal is to help businesses get the cash they need more quickly without getting stuck in government red tape. By making the process automatic for repeat issuers, companies can react faster to market opportunities and growth needs.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

May 1, 2025House

Referred to the House Committee on Financial Services.

May 1, 2025

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

No votes, news coverage, or related bills recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

RACE Act of 2025

Bill NumberHR 3135

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Financial Services.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Analysis generated by AI. Always verify with official sources.