H.R. 4171

119th Congress

Reported

SEED Act of 2025

Sponsored byRepublican:Rep. Garbarino, Andrew R. [R-NY-2]NY· Introduced 26 June 2025
Open on Congress.gov

0

Cosponsors

8

Actions

0

Amendments

1

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Placed on the Union Calendar, Calendar No. 492.

25 March 2026·4 months ago

Summary

Reported to House · Updated 9 July 2026

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.

Timeline

8 actions

  1. Placed on the Union Calendar, Calendar No. 492.

    25 March 2026 · Calendars

  2. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-572.

    25 March 2026 · Committee

  3. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-572.

    25 March 2026 · Committee

  4. Committee Consideration and Mark-up Session Held

    4 March 2026 · Committee

  5. Ordered to be Reported by the Yeas and Nays: 26 - 17.

    4 March 2026 · Committee

  6. Referred to the House Committee on Financial Services.

    26 June 2025 · IntroReferral

  7. Introduced in House

    26 June 2025 · IntroReferral

  8. Introduced in House

    26 June 2025 · IntroReferral

Sponsorship

0 cosponsors

Sponsor

Republican:Rep. Garbarino, Andrew R. [R-NY-2]NY

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Administrative law and regulatory proceduresFraud offenses and financial crimesSecuritiesSecurities and Exchange Commission (SEC)Small business

Committees

1

  • Financial Services Committee

    House · Standing

    • Referred To26 Jun 2025
    • Markup By4 Mar 2026
    • Reported By25 Mar 2026

Reports

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