ACCESS Act of 2025

# ACCESS Act of 2025 - Plain Language Summary **What It Does:** The ACCESS Act would make it easier for small businesses to raise money through crowdfunding by relaxing financial reporting requirements. Currently, companies raising $100,000 or less through crowdfunding don't have to pay for independent accountants to review their financial statements. This bill would raise that threshold to $250,000, and potentially allow it to go up to $400,000 with approval from relevant SEC offices.

In simple terms, small businesses would have less paperwork burden when raising smaller amounts of money from many individual investors. **Who It Affects:** The bill primarily benefits small businesses and startups seeking crowdfunding, as they would face fewer regulatory requirements and potentially lower costs. Individual investors participating in crowdfunding might be affected too, as they would receive less independent financial verification for companies raising between $100,000-$400,000. The Securities and Exchange Commission (SEC) would also play a role in implementing any changes. **Current Status:** The bill was introduced in the 119th Congress by Representative Daniel Meuser (R-PA) and is currently in committee, meaning it has not yet been voted on by the full House.