House bill · H.R. 4171 (119th Congress)
SEED Act of 2025
U.S. House of Representatives
Sponsor: Andrew R. Garbarino (U.S. Representative, NY-2, Republican)
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From Congress.gov and official rosters. This record was last updated Aug 3, 2026. About our data
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 from the Congressional Research Service. How we handle summaries
Where it stands
Out of committee and scheduled for a vote by the full chamber.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
House Committee on Financial Services · U.S. House of Representatives
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Full history
- Mar 25, 2026
Placed on the Union Calendar, Calendar No. 492.
- Mar 25, 2026
Placed on the Union Calendar, Calendar No. 492.
- Mar 25, 2026
Introduced
Placed on the Union Calendar, Calendar No. 492.
U.S. House
- Mar 25, 2026
Placed on the Union Calendar, Calendar No. 492.
- Mar 25, 2026
Reported out of committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-572.
Show full history (11 earlier events)Show less history
- Mar 25, 2026
Reported out of committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-572.
- Mar 25, 2026
Reported out of committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-572.
- Mar 4, 2026
Committee vote
Committee Consideration and Mark-up Session Held
- Mar 4, 2026
Committee vote
Committee Consideration and Mark-up Session Held
- Mar 4, 2026
Committee vote
Committee Consideration and Mark-up Session Held
- Mar 4, 2026
Reported out of committee
Ordered to be Reported by the Yeas and Nays: 26 - 17.
- Mar 4, 2026
Reported out of committee
Ordered to be Reported by the Yeas and Nays: 26 - 17.
- Mar 4, 2026
Reported out of committee
Ordered to be Reported by the Yeas and Nays: 26 - 17.
- Jun 26, 2025
Introduced
Introduced in House
U.S. House of Representatives
- Jun 26, 2025
Introduced
Introduced in U.S. House
U.S. House
- Jun 26, 2025
Referred to committee
Referred to the House Committee on Financial Services.
U.S. House of Representatives
Read the record
- Read on Congress.gov (opens in a new tab) The official record on Congress.gov.