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H.R. 6541

U.S. House•House Floor Calendar

Summary

H.R. 6541, the Regulation A+ Improvement Act of 2025, was introduced in the House on Dec 9, 2025 by Rep. Marlin Stutzman (R) with 1 co-sponsor. It last saw action on Feb 25, 2026: Placed on the Union Calendar, Calendar No. 451.

Record

Text

H.R. 6541 has 1 co-sponsor.

hb6541/introduced-in-house.txt
119 HR 6541 IH: Regulation A+ Improvement Act of 2025
 U.S. House of Representatives
 2025-12-09
 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.
 I  119th CONGRESS  1st Session  H. R. 6541  IN THE HOUSE OF REPRESENTATIVES   December 9, 2025   Mr. Stutzman  introduced the following bill; which was referred to the  Committee on Financial Services    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 (2)(A), by striking  $50,000,000  and inserting  $150,000,000, adjusted for inflation by the Commission every 2 years 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
(2)
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 .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-12-09
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Introduced in House Dec 9, 2025

hb6541/introduced-in-house.md

Shown Here:
Introduced in House (12/09/2025)

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.

Sponsors

Rep. Marlin Stutzman (R) sponsors H.R. 6541, and 1 member has co-sponsored it.

Committees

H.R. 6541 went before 1 committee: Financial Services.

Financial Services
Financial Services
Reported By · Feb 25, 2026 · 559 Bills

Reports

1 committee report has been filed on H.R. 6541, the latest H. Rept. 119-526.

Actions

H.R. 6541 has taken 7 actions since Dec 9, 2025, the latest on Feb 25, 2026.

ChamberAction
Feb 25, 2026
House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-526.Financial Services Committee
Feb 25, 2026
House
Placed on the Union Calendar, Calendar No. 451.
Dec 17, 2025
House
Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 23.Financial Services Committee
Dec 17, 2025
House
Committee Consideration and Mark-up Session HeldFinancial Services Committee
Dec 16, 2025
House
Committee Consideration and Mark-up Session HeldFinancial Services Committee

Votes

H.R. 6541 has not gone to a roll call.

1 bill is related to H.R. 6541.

Titles

H.R. 6541 goes by 4 titles, 2 of them short titles.

  • Regulation A+ Improvement Act of 2025 — Short Title(s) as Reported to House
  • Regulation A+ Improvement Act of 2025 — Display Title
  • Regulation A+ Improvement Act of 2025 — Short Title(s) as Introduced
  • To amend the Securities Act of 1933 with respect to small company capital formation, and for other purposes. — Official Title as Introduced

Cost estimate

The Congressional Budget Office has filed 1 estimate for H.R. 6541, the latest on May 18, 2026.

Lobbying

1 client hired 1 firm and 2 registered lobbyists who named H.R. 6541 in 1 quarterly filing, 2025. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Banking, Budget/Appropriations, Consumer Issues/Safety/Products, Financial Institutions/Investments/Securities, Health Issues, Housing, Taxation/Internal Revenue Code.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
AMERICANS FOR FINANCIAL REFORM—District of Columbia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
AMERICANS FOR FINANCIAL REFORM11—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
MARK HAYS111
RUKMANI BHATIA111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
AMERICANS FOR FINANCIAL REFORMAMERICANS FOR FINANCIAL REFORM2025 fourth_quarter$150K4th Quarter - Report

Classification

The Congressional Research Service files H.R. 6541 under Finance and Financial Sector, one of its 31 policy areas, and gives it 4 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 6541’s is Finance and Financial Sector.

hr6541/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Legislative Subjects

H.R. 6541 carries 4 of CRS’s legislative subjects, from Bank accounts, deposits, capital to Securities.

hr6541/subjects.txt
Bank accounts, deposits, capitalBanking and financial institutions regulationInflation and pricesSecurities

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 6541, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 207 (Tuesday, December 9, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. STUTZMAN:H.R. 6541.Congress has the power to enact this legislation pursuantto the following:Congress has the power to enact this legislation pursuantto Article I, Section 8 of the U.S. Constitution.[Page H5113]

Source: congress.gov · legiscan.com