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H.R. 3645

U.S. House•House Floor Calendar

Summary

H.R. 3645, the ACCESS Act of 2025, was introduced in the House on May 29, 2025 by Rep. Dan Meuser (R) with 4 co-sponsors. It last saw action on Jul 15, 2025: Placed on the Union Calendar, Calendar No. 166.

Record

Text

H.R. 3645 has 4 co-sponsors.

hb3645/introduced-in-house.txt
119 HR 3645 IH: Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2025
 U.S. House of Representatives
 2025-05-29
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 3645  IN THE HOUSE OF REPRESENTATIVES   May 29, 2025   Mr. Meuser  (for himself,  Ms. De La Cruz ,  Mrs. McClain ,  Mr. Nunn of Iowa , and  Ms. Salazar ) introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To amend the Securities Act of 1933 to raise the offering amount threshold for when issuers using the crowdfunding exemption are required to file financial statements reviewed by a public accountant who is independent of the issuer, and for other purposes.
1.
Short title
This Act may be cited as the   Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2025   or the   ACCESS Act of 2025  .
2.
Offering threshold for reviews by public accountant
(a)
In general
Section 4A(b)(1)(D) of the Securities Act of 1933 ( 15 U.S.C. 77d–1(b)(1)(D) ) is amended by striking  $100,000  each place such term appears and inserting  $500,000 .
(b)
Technical correction
Section 4A of the Securities Act of 1933 ( 15 U.S.C. 77d–1 ) is amended—
(1)
by striking  section 4(6)  each place such term appears and inserting  section 4(a)(6) ; and
(2)
by striking  section 4(6)(B)  each place such term appears and inserting  section 4(a)(6)(B) .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-05-29
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Reported to House Jul 15, 2025

hb3645/reported-to-house.md

Shown Here:
Reported to House (07/15/2025)

Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2025 or the ACCESS Act of 2025

This bill expands the exemption from certain disclosures applicable to crowdfunding issuers with specified target offering amounts. (Crowdfunding is used to raise capital through a large number of individuals investing potentially small amounts of money.) Under current law, crowdfunding issuers that have target offering amounts of $100,000 or less are not required to make available financial statements reviewed by an independent public accountant. The bill increases that amount to $250,000 and allows the Securities and Exchange Commission to increase this amount to no more than $400,000 upon recommendation of the Office of the Advocate for Small Business Capital Formation and the Office of the Investor Advocate.

Sponsors

Rep. Dan Meuser (R) sponsors H.R. 3645, and 4 members have co-sponsored it, all of them from the day it was introduced.

Committees

H.R. 3645 went before 1 committee: Financial Services.

Financial Services
Financial Services
Reported By · Jul 15, 2025 · 559 Bills

Reports

1 committee report has been filed on H.R. 3645, the latest H. Rept. 119-203.

  • H. Rept. 119-203 — AMENDMENT FOR CROWDFUNDING CAPITAL ENHANCEMENT AND SMALL-BUSINESS SUPPORT ACT OF 2025

Actions

H.R. 3645 has taken 6 actions since May 29, 2025, the latest on Jul 15, 2025.

ChamberAction
Jul 15, 2025
House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-203.Financial Services Committee
Jul 15, 2025
House
Placed on the Union Calendar, Calendar No. 166.
Jun 10, 2025
House
Committee Consideration and Mark-up Session HeldFinancial Services Committee
Jun 10, 2025
House
Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.Financial Services Committee
May 29, 2025
House
Introduced in House

Votes

H.R. 3645 has not gone to a roll call.

1 bill is related to H.R. 3645.

Titles

H.R. 3645 goes by 6 titles, 4 of them short titles.

  • ACCESS Act of 2025 — Display Title
  • To amend the Securities Act of 1933 to raise the offering amount threshold for when issuers using the crowdfunding exemption are required to file financial statements reviewed by a public accountant who is independent of the issuer, and for other purposes. — Official Title as Introduced
  • ACCESS Act of 2025 — Short Title(s) as Reported to House
  • Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2025 — Short Title(s) as Reported to House
  • ACCESS Act of 2025 — Short Title(s) as Introduced
  • Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2025 — Short Title(s) as Introduced

Cost estimate

The Congressional Budget Office has filed 1 estimate for H.R. 3645, the latest on Oct 28, 2025.

Lobbying

2 clients hired 2 firms and 106 registered lobbyists who named H.R. 3645 in 7 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Banking, Budget/Appropriations, Financial Institutions/Investments/Securities, Labor Issues/Antitrust/Workplace, Taxation/Internal Revenue Code, Aerospace, Automotive Industry, Aviation/Airlines/Airports.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
CHAMBER OF COMMERCE OF THE U.S.A.—District of Columbia16—
AMERICANS FOR FINANCIAL REFORM—District of Columbia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
CHAMBER OF COMMERCE OF THE U.S.A.16—
AMERICANS FOR FINANCIAL REFORM11—

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 106.

LobbyistFirmsClientsFilings
ABELARDO TORRES116
ALEXA BRANSON116
ANDREA PORWOLL116
ASHLEY GUM116
BRADLEY WATTS116
BRINCE MANNING116
BROOKE MILLER116
CASSIA CARVALHO116
CHAD WHITEMAN116
CHANTEL SHEAKS116
CHRISTOPHER CRENSHAW116
CHRISTOPHER EYLER116
CHRISTOPHER GUITH116
CHRISTOPHER ROBERTI116
CLARK JACKSON116
DAN BYERS116
ERIN DELANEY116
ESPERANZA JELALIAN116
FOXHALL PARKER116
GARY LITMAN116

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Amendme…
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 second_quarter$19.3M2nd Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 fourth_quarter$18M4th Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 second_quarter$17M2nd Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 third_quarter$13.7M3rd Quarter - Report
AMERICANS FOR FINANCIAL REFORMAMERICANS FOR FINANCIAL REFORM2025 second_quarter$150K2nd Quarter - Report

Classification

The Congressional Research Service files H.R. 3645 under Finance and Financial Sector, one of its 31 policy areas, and gives it 3 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 3645’s is Finance and Financial Sector.

hr3645/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Legislative Subjects

H.R. 3645 carries 3 of CRS’s legislative subjects, from Business records to Financial services and investments.

hr3645/subjects.txt
Business recordsCorporate finance and managementFinancial services and investments

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 3645, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 91 (Thursday, May 29, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MEUSER:H.R. 3645.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States Constitution.[Page H2377]

Source: congress.gov · legiscan.com