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118-hr-6825Committee
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ACCESS Act of 2023

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Summary

Official CRS summary

Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2023 or the ACCESS Act of 2023 This bill expands the exemption from certain disclosures applicable to crowdfunding issuers with specified target offering amounts. Crowdfunding is used to raise capital through a large number of individuals investing potentially small amounts of money. Under current law, crowdfunding issuers that have target offering amounts of $100,000 or less are not required to make available financial statements reviewed by an independent public accountant. The bill increases that amount to $250,000.

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Bill details

Congress
118
Bill type
hr
Introduced
December 14, 2023
Sponsor
Not yet available
Last action
December 14, 2023— Referred to the House Committee on Financial Services.

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