Marlin Stutzman (R-IN)
Regulation A+ Improvement Act of 2025
A Republican bill with 1 Republican cosponsor · See the cosponsor
Last activity — Placed on the Union Calendar, Calendar No. 451.
Cleared committee, waiting for its first floor vote
A committee approved it and it is on the calendar of the chamber it started in.
This is further than most bills get, and still no promise of a vote: the calendar is a queue, and the majority leadership decides what is called. A bill can sit here until the Congress ends.
Its path through Congress
- Introduced
- On Calendar
What this bill would do
This bill, known as the "Regulation A+ Improvement Act of 2025," aims to amend the Securities Act of 1933 regarding small company capital formation. It specifically modifies the JOBS Act-related exemptions. The legislation increases certain dollar amounts related to security offerings. It also establishes a process for these dollar amounts to be adjusted for inflation every five years. These adjustments are based on the Consumer Price Index for All Urban Consumers.
Yes· 3 of 6
- Scored +7
Does this make it easier to run a small business?
The bill directly supports small businesses by increasing the amount of capital they can raise through Regulation A+ offerings.
- Scored +7
Would business owners be better off under this?
Business owners benefit from the increased ability to raise larger amounts of capital for their enterprises.
- Scored +4
Is this likely to create jobs?
By significantly increasing the capital formation limits for small companies, the bill facilitates easier access to growth capital which can lead to job creation.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Capital Formation Limits: Section 2, paragraph (1) increases a specific dollar amount from $5,000,000 to $50,000,000, which includes a provision for up to $12,000,000 offered by certain selling security holders.
-
Higher Offering Thresholds: Section 2, paragraph (2)(A) increases a dollar amount from $50,000,000 to $150,000,000, which includes up to $50,000,000 offered by certain selling security holders.
-
Inflation Adjustments: Section 2, paragraph (1) and paragraph (2)(A) implement a system where dollar amounts are adjusted for inflation every 5 years based on the Consumer Price Index for All Urban Consumers to ensure amounts reflect current economic changes.
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this make it easier to run a small business? — The bill directly supports small businesses by increasing the amount of capital they can raise through Regulation A+ offerings. Is this likely to grow the economy? — The bill promotes economic growth by easing capital formation constraints for small companies through higher offering thresholds. Is this likely to create jobs? — By significantly increasing the capital formation limits for small companies, the bill facilitates easier access to growth capital which can lead to job creation.
- Demographic And Interest Groups
- Would business owners be better off under this? — Business owners benefit from the increased ability to raise larger amounts of capital for their enterprises. Would people in cities be better off under this? — The bill utilizes the Consumer Price Index for All Urban Consumers as the basis for inflation adjustments.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill requires the Commission to publish inflation adjustment notices in the Federal Register, enhancing transparency regarding these thresholds.
- 2/25/2026
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-526.
- Placed on the Union Calendar, Calendar No. 451.
- 12/17/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 23.
- 12/16/2025
- Committee Consideration and Mark-up Session Held
- 1 Cosponsor added.
- 12/9/2025
- Referred to the House Committee on Financial Services.
- Introduced in House
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.
Warren DavidsonRepublican · Ohio