ACCESS Act of 2025
Crowdfunding: Higher Limits for Small Business Fundraising
Legislative Progress
Key Points
- This bill changes the rules for "crowdfunding," which is when a small business raises money from many regular people online. It aims to make this process cheaper and easier for startups by cutting down on required paperwork.
- Right now, if a business wants to raise more than $100,000 this way, they must pay an outside professional to check their financial books. This bill raises that limit to $250,000, so businesses can raise more money before they have to pay for those expensive reviews.
- The goal is to help small businesses keep more of the money they raise so they can use it to hire workers or buy equipment. Hiring an outside expert to check records can cost thousands of dollars that a brand-new company might not have.
- In the future, the government could raise this limit even higher—up to $400,000—if they decide it is safe for investors and helpful for small companies.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Placed on the Union Calendar, Calendar No. 166.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-203.
Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Financial Services.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
ACCESS Act of 2025
Data Sources
Sponsor
Cosponsors
(4)Analysis generated by AI. Always verify with official sources.