Congress·In Committee·S. 3662

Crowdfunding: Lowering Costs for Small Business Fundraising

ACCESS Act of 2026

Legislative Progress

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This bill, introduced by Senator McCormick and Senator Kim, aims to make it cheaper and easier for small businesses to raise money from the public through crowdfunding websites.
Currently, if a small business wants to raise more than $100,000 through crowdfunding, they must pay an independent accountant to review their financial records. This bill would raise that limit to $250,000.
By raising the limit, small startups can keep more of the money they raise to grow their business and hire workers instead of spending it on expensive professional fees.
The bill also gives the government the power to raise this limit even higher, up to $400,000, if experts agree it helps small businesses without putting investors at too much risk.
While this change helps businesses save money, some people may be concerned that having fewer professional reviews could make it harder for everyday investors to spot potential financial problems in a company.

2 milestones2 actions

Jan 15, 2026Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Jan 15, 2026

Introduced in Senate

1 bill

ACCESS Act of 2025

Jul 15 — Placed on the Union Calendar, Calendar No. 166.

Document Type

Congressional Bill

Official Title

ACCESS Act of 2026

Bill NumberS 3662

Congress119th Congress

ChamberSenate

Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

(1)

D: 1

Congress.gov

Official legislative information

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