H.R. 3645
119th CONGRESS 1st Session
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.
IN THE HOUSE OF REPRESENTATIVES · May 29, 2025 · Sponsor: Mr. Meuser · Committee: Committee on Financial Services
Table of contents
SEC. 1. Short title
- This Act may be cited as the or the .
SEC. 2. Offering threshold for reviews by public accountant
- (a) In general
- Section 4A(b)(1)(D) of the Securities Act of 1933 () is amended by striking each place such term appears and inserting
$500,000. 15 U.S.C. 77d–1(b)(1)(D)
- Section 4A(b)(1)(D) of the Securities Act of 1933 () is amended by striking each place such term appears and inserting
- (b) Technical correction
- Section 4A of the Securities Act of 1933 () is amended— 15 U.S.C. 77d–1
- by striking each place such term appears and inserting
section 4(a)(6); and - by striking each place such term appears and inserting
section 4(a)(6)(B).
- by striking each place such term appears and inserting
- Section 4A of the Securities Act of 1933 () is amended— 15 U.S.C. 77d–1