Congress·In Committee·S. 4170

Regulation A+ Improvement Act of 2026

Small Business Fundraising: Raising the Investment Limit

Mar 24·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: A senate committee

This bill was recently introduced in the Senate and is currently being reviewed by the Committee on Banking, Housing, and Urban Affairs. No further actions are scheduled at this time. The bill is in the early stages of the legislative process.

Legislative Progress

Senate

House

President

Law

Unlikely to pass

Most bills introduced by a single senator without a large group of co-sponsors struggle to get through the committee process and onto the floor for a final vote.

How we got here

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

Reintroduced
Reintroduced from S. 3710 (118th), which died when its Congress ended.
S. 3710 (118th) →

Key Points

This bill changes the rules for how small and mid-sized companies raise money from everyday investors. It would allow these businesses to raise up to $150 million through a simplified process instead of the current $50 million limit.
The plan is designed to help growing companies get the funding they need to expand without the high costs of a traditional stock market debut. This could lead to more local jobs and more options for people looking to invest in new businesses.
To make sure the rules stay relevant, the bill requires the government to update the fundraising limit every two years based on inflation. This means as prices go up in the economy, the amount companies can raise will go up too.

Impact Analysis

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

Milestones

2 milestones2 actions

Mar 24, 2026Senate

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

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Mar 24, 2026

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

No votes or news coverage recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Regulation A+ Improvement Act of 2026

Bill NumberS 4170

Congress119th Congress

ChamberSenate

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

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Analysis generated by AI. Always verify with official sources.