ACCESS Act of 2025

Hozzl · 2025-08-09T17:26:17Z

Explore the details of House Bill 3645 ACCESS Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

8/9/2025, 5:26 PM

Summary of Bill HR 3645

The bill titled "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" was introduced in the 119th Congress on May 29, 2025.

Congressional Summary of HR 3645

Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2025 or the ACCESS Act of 2025

This bill expands the exemption from certain disclosures applicable to crowdfunding issuers with specified target offering amounts. (Crowdfunding is used to raise capital through a large number of individuals investing potentially small amounts of money.) Under current law, crowdfunding issuers that have target offering amounts of $100,000 or less are not required to make available financial statements reviewed by an independent public accountant. The bill increases that amount to $250,000 and allows the Securities and Exchange Commission to increase this amount to no more than $400,000 upon recommendation of the Office of the Advocate for Small Business Capital Formation and the Office of the Investor Advocate.

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Current Status of Bill HR 3645

Bill HR 3645 is currently in the status of Bill Introduced since May 29, 2025. Bill HR 3645 was introduced during Congress 119 and was introduced to the House on May 29, 2025. Bill HR 3645's most recent activity was Placed on the Union Calendar, Calendar No. 166. as of July 15, 2025

Bipartisan Support of Bill HR 3645

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 3645

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Business records

- Corporate finance and management

- Financial services and investments

Alternate Title(s) of Bill HR 3645

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.