H.R. 6541 — Reported in House

IB Union Calendar No. 451 119th CONGRESS 2d Session H. R. 6541 [Report No. 119–526] IN THE HOUSE OF REPRESENTATIVES December 9, 2025Mr. Stutzman introduced the following bill; which was referred to the Committee on Financial Services February 25, 2026Additional sponsor: Mr. Davidson February 25, 2026Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedStrike out all after the enacting clause and insert the part printed in italicFor text of introduced bill, see copy of bill as introduced on December 9, 2025 A BILL To amend the Securities Act of 1933 with respect to small company capital formation, and for other purposes. 1. Short title This Act may be cited as the Regulation A+ Improvement Act of 2025. 2. JOBS Act-related exemption Section 3(b) of the Securities Act of 1933 (15 U.S.C. 77c(b)) is amended— (1) in paragraph (1), by striking $5,000,000 and inserting $50,000,000, including not more than $12,000,000 offered by all selling security holders that are affiliates of the issuer, as such dollar amounts are adjusted for inflation by the Commission every 5 years, by notice published in the Federal Register, to the nearest $10,000 to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics; (2) in paragraph (2)(A), by striking $50,000,000 and inserting $150,000,000, including not more than $50,000,000 offered by all selling security holders that are affiliates of the issuer, as such dollar amounts are adjusted for inflation by the Commission every 5 years, by notice published in the Federal Register, to the nearest $10,000 to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics; and (3) in paragraph (5)— (A) by striking such amount as and inserting such amount, in addition to the adjustment for inflation provided for under such paragraph (2)(A), as; and (B) by striking such amount, it and inserting such amount, in addition to the adjustment for inflation provided for under such paragraph (2)(A), it. February 25, 2026Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed