Section 1 Short title
This Act may be cited as the “Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2023” or the “ACCESS Act of 2023”.
Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2023
A BILL
To amend the Securities Act of 1933 to raise the offering amount threshold for when issuers using the crowdfunding exemption are required to file financial statements reviewed by a public accountant who is independent of the issuer, and for other purposes.
Sec. 2 Offering threshold for reviews by public accountant
In general— Section 4A(b)(1)(D) of the Securities Act of 1933 (15 U.S.C. 77d–1(b)(1)(D)) is amended by striking “$100,000” each place such term appears and inserting “$250,000”.
by striking “section 4(6)” each place such term appears and inserting “section 4(a)(6)”; and
by striking “section 4(6)(B)” each place such term appears and inserting “section 4(a)(6)(B)”.