Bill
Bill > HR4171
summary
Introduced
06/26/2025
06/26/2025
In Committee
03/04/2026
03/04/2026
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To amend the Securities Act of 1933 to provide small issuers with a micro-offering exemption free of mandated disclosures or offering filings, but subject to the antifraud provisions of the Federal securities laws, and for other purposes.
AI Summary
This bill, known as the Small Entrepreneurs’ Empowerment and Development Act of 2025 or the SEED Act of 2025, amends the Securities Act of 1933 to create a new exemption for "micro-offerings," which are sales of securities by an issuer totaling no more than $500,000 within a 12-month period. This exemption allows small businesses to raise capital without the extensive disclosure requirements and filing processes typically mandated by federal securities laws, though they will still be subject to anti-fraud provisions. The bill also includes a provision for the dollar amount to be adjusted for inflation every five years and prohibits individuals or entities with certain disqualifying events, such as those outlined in federal regulations for "bad actors" or statutory disqualifications under the Securities Exchange Act of 1934, from using this exemption. Furthermore, it ensures that this new federal exemption is recognized under state securities regulations.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Placed on the Union Calendar, Calendar No. 492. (on 03/25/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/4171/all-info |
| BillText | https://www.congress.gov/119/bills/hr4171/BILLS-119hr4171rh.pdf |
| BillText | https://www.congress.gov/119/bills/hr4171/BILLS-119hr4171ih.pdf |
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