S. 3662

ACCESS Act of 2026

Shown here: Introduced in Senate (2026-01-15)

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)”.

Workspace/Typeset/Bill

S. 3662

ACCESS Act of 2026

Shown here: Introduced in Senate (2026-01-15)

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)”.