H.R. 3645 · Where this bill is now
Waiting for a House vote
Approved by committee Jul 15, 2025; no House vote yet
What this bill does
In plain words · AI-written from the official summaryRelaxes financial disclosure rules for small crowdfunding campaigns
Crowdfunding lets companies raise money from lots of regular people online, each investing small amounts. Currently, if a company is raising $100,000 or less through crowdfunding, they don't have to show financial statements reviewed by an accountant. This bill raises that limit to $250,000, and lets the SEC increase it even higher to $400,000 if advisors recommend it.
How it affects you
If you're thinking about investing in a crowdfunding campaign, this means some small business fundraisers won't have to provide independently reviewed financial statements, at least not until they reach higher thresholds. Small business owners running crowdfunding campaigns may find it easier to raise money without the cost of hiring an accountant to review their finances.
Read the official summary (Reported to House, Jul 15, 2025)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 3645
A BILL
ACCESS Act of 2025
Sponsor: Rep. Daniel Meuser (R-PA-9) · Introduced May 29, 2025 · Finance and Financial Sector · 2 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jul 15, 2025: “Placed on the Union Calendar, Calendar No. 166.”