Regulation A+ Improvement Act of 2026

S. 4170 would amend the Securities Act of 1933 to increase the offering limit for Regulation A Tier 2 securities offerings. Currently, small to mid-sized companies can raise up to $75 million in a 12-month period under Regulation A Tier 2. This bill would raise that limit to $150 million, adjusted for inflation every two years. Regulation A+ is a federal exemption that allows smaller companies to raise capital from the general public without full SEC registration, making it less expensive and burdensome than traditional public offerings. By increasing the offering limit, the bill aims to expand capital-raising opportunities for small and mid-sized businesses and provide more investment options for everyday Americans. The bill has been referred to the Senate Committee on Banking, Housing, and Urban Affairs and has not yet advanced further in the legislative process.