H.R. 6825 — Introduced in House

I 118th CONGRESS 1st Session H. R. 6825 IN THE HOUSE OF REPRESENTATIVES December 14, 2023Mr. Meuser (for himself, Mr. Huizenga, Mr. Sessions, and Mr. Nunn of Iowa) introduced the following bill; which was referred to the Committee on Financial Services A BILL 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. 1. Short title This Act may be cited as the Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2023 or the ACCESS Act of 2023. 2. 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 $250,000. (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).