H.R. 4171 Reported by committee Finance and Financial Sector

SEED Act of 2025

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.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Garbarino, Andrew R. [R-NY-2] Introduced June 26, 2025 Cosponsors 0 Latest action March 25, 2026

Summary

Small Entrepreneurs' Empowerment and Development Act of 2025 or the SEED Act of 2025
This bill creates an exemption to securities registration requirements for a micro-offering of securities. In general, the Securities and Exchange Commission (SEC) prohibits the offering or selling of securities unless the offering is registered with the SEC or the offering qualifies for an exemption from registration requirements.
The bill defines a micro-offering as an aggregate amount of securities offered or sold by an issuer that does not exceed $500,000 in a 12-month period. This exemption does not apply to issuers who are convicted of specified financial crimes or are subject to specified professional disciplinary actions.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Mar 25, 2026 Placed on the Union Calendar, Calendar No. 492.
  2. Mar 25, 2026 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-572.
  3. Mar 4, 2026 Ordered to be Reported by the Yeas and Nays: 26 - 17.
  4. Mar 4, 2026 Committee Consideration and Mark-up Session Held
  5. Jun 26, 2025 Referred to the House Committee on Financial Services.
  6. Jun 26, 2025 Introduced in House

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