Congress·Reported·H.R. 3645

ACCESS Act of 2025

Crowdfunding: Higher Limits for Small Business Fundraising

Jul 15, 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: The HouseNo action in 12 months

The ACCESS Act of 2025 has been reported by the House Committee on Financial Services and is now waiting for a vote on the House floor. The bill has been stalled since July 2025, as no action has occurred for 11 months. House leadership must decide to schedule a vote for the bill to move forward.

Legislative Progress

House

Senate

President

Law

How we got here

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

Reintroduced
Reintroduced from H.R. 6825 (118th), which died when its Congress ended.
H.R. 6825 (118th) →

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

3 milestones6 actions

Jul 15, 2025House

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.

Jul 15, 2025House

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-203.

Jun 10, 2025House

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.

Jun 10, 2025House

Committee Consideration and Mark-up Session Held

May 29, 2025House

Referred to the House Committee on Financial Services.

No votes or news coverage recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

ACCESS Act of 2025

Bill NumberHR 3645

Congress119th Congress

ChamberHouse of Representatives

Latest ActionPlaced on the Union Calendar, Calendar No. 166.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(4)

R: 4

Analysis generated by AI. Always verify with official sources.