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RACE Act of 2025

5/21/2025, 12:18 PM

Summary of Bill HR 3135

H.R. 3135 in the 119th Congress, introduced on May 1, 2025, aims to modify the Securities Act of 1933 to enable offering statements filed with the Securities and Exchange Commission for certain securities issued under Regulation A tier 2 to have automatic qualification. The bill also includes provisions addressing other specific purposes not detailed in the context provided.

Congressional Summary of HR 3135

Regulation Advancement for Capital Enhancement Act of 2025 or the RACE Act of 2025

This bill allows issuers with offerings that were previously exempted from securities registration requirements to issue an additional class of securities if certain criteria are met.

Specifically, this bill allows an issuer who issued securities under Regulation A (a small offering of securities exempt from registration requirements) to issue an additional class of securities if the securities in the additional class are substantially similar to the original class and the offering amount does not exceed specified dollar limits. However, the securities offered in the additional class are not required to have the same nature or terms. 

Read the Full Bill

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Current Status of Bill HR 3135

Bill HR 3135 is currently in the status of Bill Introduced since May 1, 2025. Bill HR 3135 was introduced during Congress 119 and was introduced to the House on May 1, 2025.  Bill HR 3135's most recent activity was Referred to the House Committee on Financial Services. as of May 1, 2025

Bipartisan Support of Bill HR 3135

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 3135

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 3135

To amend the Securities Act of 1933 to automatically qualify offering statements filed with the Securities and Exchange Commission in connection with certain securities issued under Regulation A tier 2, and for other purposes.
To amend the Securities Act of 1933 to automatically qualify offering statements filed with the Securities and Exchange Commission in connection with certain securities issued under Regulation A tier 2, and for other purposes.

Comments

Sponsors and Cosponsors of HR 3135

Andy Barr
Andy Barr
KentuckyRepublican

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