Crowdfunding businesses would get a break on financial review costs.
This bill would make it easier for small businesses to raise money through crowdfunding by reducing the need for expensive financial checks. It would raise the amount a company can raise before needing an outside accountant to review their finances from $100,000 to $250,000, potentially saving them money on following rules.
Today, companies raising $100,000 or more through crowdfunding must get their financial statements reviewed by an outside accountant. This bill would raise that amount to $250,000, meaning fewer companies would need this review for smaller offerings. The Securities and Exchange Commission could also choose to raise this limit further, up to $400,000.
S 3662 · 119th Congress · January 15, 2026 · AI Summary by gemini-2.5-flash · 8/10
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