HB6825: ACCESS Act of 2023 Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Securities Act of 1933 to raise the offering amount threshold for when issuers using the crowdfunding exemption are required to file financial statements reviewed by a public accountant who is independent of the issuer, and for other purposes.
Plain-language summary
This bill would change rules for small companies raising money through crowdfunding. Currently, companies using crowdfunding must have an accountant check their financial statements once they raise a certain amount. The bill would raise that threshold amount, meaning fewer companies would need this expensive review. This affects startups and small businesses seeking funding from regular people online. The bill was recently introduced in Congress and is in the early stages of consideration.
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HB6825: ACCESS Act of 2023 Amendment for Crowdfunding Capital Enhancement and Small-bus…
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Sponsors
Dan Meuser
Primary SponsorCo-sponsors (3)
Bill Huizenga
Pete Sessions
Zachary Nunn