This bill changes the rules for small businesses raising money through crowdfunding by increasing the amount they can raise without needing a financial review. This makes it easier for them to access funds and grow.
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.
1. This bill raises the crowdfunding financial review threshold from $100,000 to $250,000. 2. It allows the Securities and Exchange Commission to increase this limit up to $400,000 if needed. 3. The bill aims to reduce the financial reporting burden on small businesses using crowdfunding. 4. It updates certain technical terms in the Securities Act of 1933 for clarity.