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Small Business Support: Easier Crowdfunding Capital Access.

New rules make it easier for small businesses to raise money from many small investors (crowdfunding). The amount up to which companies do not need to provide detailed, audited financial statements has been increased, reducing their costs. This allows more small businesses to use this form of financing, potentially leading to new job creation and local economic growth.
Key points
Companies can raise up to $250,000 via crowdfunding without requiring a financial audit, up from $100,000.
Lower costs for small businesses seeking funding, facilitating their growth and innovation.
Greater access to capital for startups and local enterprises, potentially supporting economic growth.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_6825
Sponsor: Rep. Meuser, Daniel [R-PA-9]
Process start date: 2023-12-14
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

ACCESS Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6825.

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 2023-12-14.

What are the main provisions?

Key points include:

  • Companies can raise up to $250,000 via crowdfunding without requiring a financial audit, up from $100,000.
  • Lower costs for small businesses seeking funding, facilitating their growth and innovation.
  • Greater access to capital for startups and local enterprises, potentially supporting economic growth.
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

Who is the primary sponsor?

The primary sponsor is Rep. Meuser, Daniel [R-PA-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy