ACCESS Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3662 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 3662 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. _______________________________________________________________________ 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 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''. SEC. 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