Bill · H.R. 4171· House(119-HR-4171)
SEED Act of 2025
- Introduced
- 6/26/2025
- Last activity
- 3/25/2026 — Placed on the Union Calendar, Calendar No. 492.
- Sponsored by
- Andrew Garbarino
- Cosponsors
- None
- Introduced
- On Calendar
What this bill would do
This bill, known as the "Small Entrepreneurs' Empowerment and Development Act of 2025," aims to amend the Securities Act of 1933. It seeks to create a "micro-offering" exemption for small issuers. This exemption would allow certain transactions to occur without the usual mandated disclosures or offering filings. However, these transactions would still be subject to federal securities laws regarding antifraud. The threshold for these transactions is an aggregate amount not exceeding $500,000 over a 12-month period.
Yes· 3 of 4
Does this make it easier to run a small business?+7
The bill directly assists small businesses by reducing the regulatory and disclosure burdens of raising capital.
Would business owners be better off under this?+7
Small business owners and entrepreneurs gain a more efficient path to raising seed capital.
Is this likely to grow the economy?+4
The exemption aims to stimulate economic activity by facilitating easier capital raises for small entities.
The opposite
Does this make what the government does easier for the public to see?-3
By allowing offerings without mandated disclosures, the bill reduces the transparency of small security transactions.
Does this give people more protection from unfair business practices?-2
Reducing disclosure requirements may slightly diminish information availability for potential investors.
Who it would affect, and how
Potential Positive Impacts for People
-
Reduced Regulatory Burdens for Small Issuers: Under Section 2(a)(1), the bill creates a micro-offering exemption that allows issuers to offer or sell securities without the requirement of mandated disclosures or offering filings. This could benefit small entrepreneurs by making it easier to raise capital.
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Inflation-Adjusted Growth: Section 2(a)(1)(2) mandates that the $500,000 threshold be adjusted by the Commission at least every 5 years based on the Consumer Price Index for All Urban Consumers. This ensures the threshold stays relevant to economic changes over time.
Potential Negative Impacts for People
- Restrictions on Certain Individuals: Section 2(a)(1)(3) stipulates that the exemption will not apply to any person subject to a statutory disqualification or certain disqualifying events. This means certain people would be unable to utilize this specific micro-offering exemption.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Small Business Support+7Improves Economic Growth+4Increases Job Creation+3Improves Consumer Protection-2
- Demographic And Interest Groups
- Good For Business Owners+7
- Governance And Ideology
- Improves Government Transparency-3
- 3/25/2026
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-572.
- Placed on the Union Calendar, Calendar No. 492.
- 3/4/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported by the Yeas and Nays: 26 - 17.
- 6/26/2025
- Referred to the House Committee on Financial Services.
- Introduced in House