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Expanding Capital Access: Easier Fundraising for Startups and New Investor Opportunities.

This Act significantly eases the process for small and medium-sized businesses to raise capital by increasing offering limits and creating new registration exemptions. For citizens, it expands opportunities to invest in private companies and startups, including allowing gig workers to receive equity compensation. It also modernizes the delivery of investment documents by promoting electronic formats.
Key points
Expanded Private Investment: More individuals can qualify as "accredited investors" to participate in private markets, either by limiting their investment to 10% of income/net worth or by attesting to risk understanding.
Startup Fundraising Boost: Major increases in capital raising limits (e.g., Regulation A+ limit raised from $50 million to $150 million) and new exemptions for micro-offerings (up to $250,000).
Equity for Gig Workers: Contract workers and gig workers can now receive stock options or equity compensation from the companies they work for.
Digital Document Delivery: Financial institutions can switch to electronic delivery of regulatory documents (prospectuses, reports), though investors retain the right to opt out and receive paper copies.
article Official text account_balance Process page
VOTING RESULTS
2024-03-08
51%
For 212
Against 205
Abstain 0
Full voting results open_in_new
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_2799
Sponsor: Rep. McHenry, Patrick T. [R-NC-10]
Process start date: 2023-04-24
Voting date: 2024-03-08
Meeting no: 2
Voting no: 78
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Expanding Access to Capital Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2799.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-04-24.

What are the main provisions?

Key points include:

  • Expanded Private Investment: More individuals can qualify as "accredited investors" to participate in private markets, either by limiting their investment to 10% of income/net worth or by attesting to risk understanding.
  • Startup Fundraising Boost: Major increases in capital raising limits (e.g., Regulation A+ limit raised from $50 million to $150 million) and new exemptions for micro-offerings (up to $250,000).
  • Equity for Gig Workers: Contract workers and gig workers can now receive stock options or equity compensation from the companies they work for.
  • Digital Document Delivery: Financial institutions can switch to electronic delivery of regulatory documents (prospectuses, reports), though investors retain the right to opt out and receive paper copies.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. McHenry, Patrick T. [R-NC-10].

What is the latest detailed status?

The latest detailed status is: On passage Passed by recorded vote: 212 - 205 (Roll no. 78).

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Economy