ACCESS Act of 2026

119 S3662 IS: Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2026 U.S. Senate 2026-01-15 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. 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) .