Congress·Reported·H.R. 3673

Small Business Investor Capital Access Act

Small Business Investment: Raising the SEC Registration Limit

Sep 8, 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 10 months

This bill is waiting for a vote by the full House of Representatives after being approved by a committee. It has been stalled since September 2025, as no new actions have occurred in the last nine months. House leadership must decide to schedule a floor 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. 2578 (118th), which died when its Congress ended.
H.R. 2578 (118th) →

Key Points

This bill increases the amount of money small investment firms can manage before they have to register with the government. Currently, firms managing less than $150 million in private funds can skip certain paperwork; this bill would raise that limit to $175 million.
By raising this limit, smaller firms can avoid the high costs and time-consuming rules required by the government. Supporters believe this will help these firms focus more of their money and energy on investing in small businesses and new startups rather than filling out forms.
The bill also requires the government to update this $175 million limit every five years to keep up with the rising cost of living. This ensures that as prices go up over time, small investment firms aren't forced into expensive regulations just because the value of money has changed.

Impact Analysis

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

Milestones

3 milestones6 actions

Sep 8, 2025House

Placed on the Union Calendar, Calendar No. 211.

The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.

Sep 8, 2025House

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-254.

Jul 22, 2025House

Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 2.

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.

Jul 22, 2025House

Committee Consideration and Mark-up Session Held

Jun 3, 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

Small Business Investor Capital Access Act

Bill NumberHR 3673

Congress119th Congress

ChamberHouse of Representatives

Latest ActionPlaced on the Union Calendar, Calendar No. 211.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(1)

D: 1

Analysis generated by AI. Always verify with official sources.