ACCESS Act of 2026

Key Points

• 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.

Impact Analysis

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