S4170Referred to Committee

Regulation A+ Improvement Act of 2026

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-03-24
Introduced
0
Cosponsors
S
ⓘ
Type

Sponsor

Ted Budd
Ted Budd
Republican · NC · Senator
Votes with party: 32.5% (317 recorded votes)

Full profile: /officials/B001305

Source: Congress.gov · FEC

Cosponsors (0)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2026-03-24

Source: Congress.gov

Committee Activity

Currently in

Previously

Plain-English Summary

This bill would make it easier for small companies to raise money directly from regular investors by relaxing some of the rules around "Regulation A+" offerings, which are a simpler alternative to traditional stock offerings. The changes would likely allow smaller businesses to sell more shares to the public and reduce some paperwork requirements, making it cheaper and faster for startups and small firms to get funding without going through the traditional expensive process. Investors would have more opportunities to buy into early-stage companies, though the bill aims to balance this with investor protections.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4170 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4170 To amend the Securities Act of 1933 with respect to small company capital formation, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 24, 2026 Mr. Budd introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To amend the Securities Act of 1933 with respect to small company capital formation, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Regulation A+ Improvement Act of 2026''. SEC. 2. JOBS ACT-RELATED EXEMPTION. Section 3(b) of the Securities Act of 1933 (15 U.S.C. 77c(b)) is amended-- (1) in paragraph (2)(A), by striking ``$50,000,000'' and inserting ``$150,000,000, adjusted for inflation by the Commission every 2 years to the nearest $10,000 to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics''; and (2) in paragraph (5)-- (A) by striking ``such amount as'' and inserting: ``such amount, in addition to the adjustment for inflation provided for under such paragraph (2)(A), as''; and (B) by striking ``such amount, it'' and inserting ``such amount, in addition to the adjustment for inflation provided for under such paragraph (2)(A), it''. <all>
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