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Congress·Reported·H.R. 6541

Congress moves to let small companies raise up to $150 million under Regulation A+, with inflation updates

Regulation A+ Improvement Act of 2025

3 months ago·View on Congress.gov

Legislative Progress

House
Senate
President
Law

Key Points

  • Raises the cap for certain small-company public fundraising from $50 million to $150 million.
  • Requires the Securities and Exchange Commission to adjust that $150 million limit for inflation every 2 years, using the Consumer Price Index.
  • Makes sure any other limit changes the SEC makes stack on top of the inflation adjustment, not instead of it.
  • Practical impact: growing companies could raise more money from investors without doing a full traditional public offering, which may help expansion and hiring.
EconomySmall BusinessConsumer Protection

Impact Analysis

Personal Impact

How this policy affects specific groups of people

Mixed Impacts(2)
Unemployment Benefits
Neutral
Federal Employee
Neutral
Positive Impacts(2)
Small Business Owner
Helps
Gig Worker
Helps

Milestones

3 milestones7 actions
Feb 25, 2026House

Placed on the Union Calendar, Calendar No. 451.

Feb 25, 2026House

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-526.

Dec 17, 2025House

Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 23.

Dec 17, 2025House

Committee Consideration and Mark-up Session Held

Dec 16, 2025House

Committee Consideration and Mark-up Session Held

What Happens Next

Projected impacts based on AI analysis

Every 2 years after the SEC begins the inflation adjustment cycle

The SEC updates the $150 million limit for inflation every 2 years

The fundraising cap would slowly rise over time without a new act of Congress, keeping pace with higher prices

Source Information

Document Type

Congressional Bill

Official Title

Regulation A+ Improvement Act of 2025

Bill NumberHR 6541
Congress119th Congress
ChamberHouse of Representatives
Latest ActionPlaced on the Union Calendar, Calendar No. 451.

Sponsor

Cosponsors

(1)
R: 1

Analysis generated by AI. Always verify with official sources.