Offering threshold for reviews by public accountant

(a) In general Section 4A(b)(1)(D) of the Securities Act of 1933 (15 U.S.C. 77d–1(b)(1)(D)) is amended by striking $100,000 each place such term appears and inserting $500,000. (b) Technical correction Section 4A of the Securities Act of 1933 (15 U.S.C. 77d–1) is amended— (1) by striking section 4(6) each place such term appears and inserting section 4(a)(6); and (2) by striking section 4(6)(B) each place such term appears and inserting section 4(a)(6)(B).

(a) In general Section 4A of the Securities Act of 1933 (15 U.S.C. 77d–1) is amended— (1) in subsection (b)(1)(D), by striking $100,000 each place such term appears and inserting $250,000; and (2) by adding at the end the following: (i) Discretion to adjust amount The Commission may increase the amount specified in subsections (b)(1)(D)(i) and (b)(1)(D)(ii) from $250,000 to an amount not greater than $400,000 upon the recommendation of the Office of the Advocate for Small Business Capital Formation and the Office of the Investor Advocate.. (b) Technical corrections Section 4A of the Securities Act of 1933 (15 U.S.C. 77d–1) is amended— (1) by striking section 4(6) each place such term appears and inserting section 4(a)(6); and (2) by striking section 4(6)(B) each place such term appears and inserting section 4(a)(6)(B).