ACCESS Act of 2025

The ACCESS Act of 2025 would modify federal crowdfunding regulations to reduce disclosure requirements for small businesses raising capital through crowdfunding. Currently, businesses seeking to raise $100,000 or less through crowdfunding are exempt from providing financial statements reviewed by independent accountants. This bill would increase that exemption threshold to $250,000, meaning more small businesses could raise capital without undergoing formal financial audits.

The bill also grants the Securities and Exchange Commission authority to increase the threshold further, up to a maximum of $400,000, if recommended by the Office of the Advocate for Small Business Capital Formation and the Office of the Investor Advocate. Supporters argue this could make it easier and less expensive for small businesses to access crowdfunding as a capital source. The bill has been approved by the House Committee on Financial Services and is eligible for a floor vote, though it has not yet passed Congress or been signed into law.