Bill · S. 3662· Senate(119-S-3662)
ACCESS Act of 2026
- Introduced
- 1/15/2026
- Last activity
- 1/15/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- David McCormick
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, titled the "ACCESS Act of 2026," proposes amendments to the Securities Act of 1933. The primary goal is to raise the threshold for when issuers using the crowdfunding exemption must file financial statements reviewed by an independent public accountant. Specifically, it seeks to increase the amount from $100,000 to $250,000. Additionally, it grants the Commission discretion to increase this amount up to $400,000 based on certain recommendations.
Yes· 3 of 4
Does this make it easier to run a small business?+5
The bill directly supports small businesses by raising the threshold for mandatory independent accountant reviews of financial statements during crowdfunding.
Would business owners be better off under this?+5
The bill reduces the regulatory and auditing costs for small business owners engaging in crowdfunding.
Is this likely to create jobs?+3
By reducing the cost of financial statement reviews for crowdfunding issuers, the bill facilitates easier capital formation for growing businesses.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Raising the financial statement review threshold: By increasing the amount from $100,000 to $250,000 in subsection (b)(1)(D), the bill changes the requirement for when issuers must file financial statements reviewed by an independent public accountant. This is intended to support small-business capital formation. (Section 2(a)(1))
-
Discretion to adjust amounts: The Commission is given the ability to increase the threshold from $250,000 up to $400,000. This can be done upon recommendation from the Office of the Advocate for Small Business Capital Formation and the Office of the Investor Advocate. (Section 2(a)(2))
Potential Negative Impacts for People
- Changes to financial statement requirements: The bill alters the existing requirements of the Securities Act of 1933 regarding when a public accountant review is required for crowdfunding exemptions. (Section 2(a)(1))
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+5Increases Job Creation+3Improves Economic Growth+2
- Demographic And Interest Groups
- Good For Business Owners+5
- 1/15/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Andy KimDemocrat · New Jersey