S. 3662

119 S3662 IS: Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2026
 U.S. Senate
 2026-01-15
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 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.
 II  119th CONGRESS  2d Session  S. 3662  IN THE SENATE OF THE UNITED STATES   January 15, 2026   Mr. McCormick  (for himself and  Mr. Kim ) introduced the following bill; which was read twice and referred to the  Committee on Banking, Housing, and Urban Affairs    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 2026   or the   ACCESS Act of 2026  .
2.
Offering threshold for reviews by public accountant
(a)
In general
Section 4A of the Securities Act of 1933 ( 15 U.S.C. 77d–1 ) is amended—
(1)
in subsection (b)(1)(D)—
(A)
in clause (i), in the matter preceding subclause (I), by striking  $100,000  and inserting  $250,000 ; and
(B)
in clause (ii), by striking  $100,000  and inserting  $250,000 ; and
(2)
by adding at the end the following:
(i)
Discretion To adjust amount
The Commission may increase the amount described in clauses (i) and (ii) of subsection (b)(1)(D) from $250,000 to an amount that is not greater than $400,000 upon the recommendation of the Office of the Advocate for Small Business Capital Formation and the Office of the Investor Advocate.
 .
(b)
Technical corrections
Section 4A of the Securities Act of 1933 ( 15 U.S.C. 77d–1 ) is amended—
(1)
by striking  section 4(6)  each place that term appears and inserting  section 4(a)(6) ; and
(2)
by striking  section 4(6)(B)  each place that term appears and inserting  section 4(a)(6)(B) .