What This Bill Does · Plain English
Summary · Congress.gov
Regulation A+ Improvement Act of 2025 This bill increases the aggregate dollar limit of certain securities offerings exempt from registration requirements (i.e., Regulation A+ offerings) from $50 million annually to $150 million annually, adjusted in future years for inflation.
Action Timeline
2026-02-25
Placed on the Union Calendar, Calendar No. 451.
2026-02-25
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-526.
2026-02-25
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-526.
2025-12-17
Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 23.
2025-12-17
Committee Consideration and Mark-up Session Held
2025-12-16
Committee Consideration and Mark-up Session Held
2025-12-09
Referred to the House Committee on Financial Services.
2025-12-09
Introduced in House
2025-12-09
Introduced in House
Frequently Asked Questions
Did HR.6541 pass?
HR.6541 is still alive. Current stage: REPORTED. Pass likelihood: pending.
What does HR.6541 do?
Regulation A+ Improvement Act of 2025 This bill increases the aggregate dollar limit of certain securities offerings exempt from registration requirements (i.e., Regulation A+ offerings) from $50 million annually to $150 million annually, adjusted in future years for inflation.
Who sponsored HR.6541?
HR.6541 was sponsored by Marlin A. Stutzman (R-Indiana).
Full Bill Text
119 HR 6541 RH: Regulation A+ Improvement Act of 2025 U.S. House of Representatives 2026-02-25 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. IB Union Calendar No. 451 119th CONGRESS 2d Session H. R. 6541 [Report No. 119–526] 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. 1. Short title This Act may be cited as the Regulation A+ Improvement Act of 2025 . 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 . 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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