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Regulation A+ Improvement Act of 2025
H. R. 6541 To amend the Securities Act of 1933 with respect to small company capital formation, and for other purposes.
Summary
This bill increases the dollar limits for Regulation A+ offerings, which allow small companies to raise capital through securities offerings without full SEC registration. It raises the Tier 1 offering limit from $5,000,000 to $50,000,000, with up to $12,000,000 from affiliate selling security holders, and increases the Tier 2 offering limit from $50,000,000 to $150,000,000, with up to $50,000,000 from affiliate selling security holders. The bill also adds automatic inflation adjustments to these dollar amounts every 5 years based on the Consumer Price Index, rounded to the nearest $10,000, to maintain the real value of the limits over time.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
Actions (7)
- Feb 25, 2026 Placed on the Union Calendar, Calendar No. 451. · house
- Feb 25, 2026 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-526. · house
- Dec 17, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 23. · house
- Dec 17, 2025 Committee Consideration and Mark-up Session Held · house
- Dec 16, 2025 Committee Consideration and Mark-up Session Held · house
- Dec 9, 2025 Referred to the House Committee on Financial Services. · house
- Dec 9, 2025 Introduced in House
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Similar bills (6)
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Full text
IN THE HOUSE OF REPRESENTATIVES
December 9, 2025
Mr. Stutzman introduced the following bill; which was referred to the Committee on Financial Services
February 25, 2026
Additional sponsor: Mr. Davidson
February 25, 2026
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed [Strike out all after the enacting clause and insert the part printed in italic] [For text of introduced bill, see copy of bill as introduced on December 9, 2025]
A BILL
To amend the Securities Act of 1933 with respect to small company capital formation, 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 “Regulation A+ Improvement Act of 2025”.
SEC. 2. JOBS ACT-RELATED EXEMPTION.
Section 3(b) of the Securities Act of 1933 (15 U.S.C. 77c(b)) is amended—
(1) in paragraph (1), by striking “$5,000,000” and inserting “$50,000,000, including not more than $12,000,000 offered by all selling security holders that are affiliates of the issuer, as such dollar amounts are adjusted for inflation by the Commission every 5 years, by notice published in the Federal Register, to the nearest $10,000 to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics”;
(2) in paragraph (2)(A), by striking “$50,000,000” and inserting “$150,000,000, including not more than $50,000,000 offered by all selling security holders that are affiliates of the issuer, as such dollar amounts are adjusted for inflation by the Commission every 5 years, by notice published in the Federal Register, to the nearest $10,000 to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics”; and
(3) in paragraph (5)—
(A) by striking “such amount as” and inserting “such amount, in addition to the adjustment for inflation provided for under such paragraph (2)(A), as”; and
(B) by striking “such amount, it” and inserting “such amount, in addition to the adjustment for inflation provided for under such paragraph (2)(A), it”. Union Calendar No. 451
119th CONGRESS
2d Session
H. R. 6541
[Report No. 119-526]
A BILL
To amend the Securities Act of 1933 with respect to small company capital formation, and for other purposes.
February 25, 2026
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
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