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House bill · H.R. 4171 (119th Congress)

SEED Act of 2025

U.S. House of Representatives

Latest action Mar 25, 2026

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.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Financial Services · U.S. House of Representatives

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Full history

  1. Mar 25, 2026

    Placed on the Union Calendar, Calendar No. 492.

  2. Mar 25, 2026

    Placed on the Union Calendar, Calendar No. 492.

  3. Mar 25, 2026

    Introduced

    Placed on the Union Calendar, Calendar No. 492.

    U.S. House

  4. Mar 25, 2026

    Placed on the Union Calendar, Calendar No. 492.

  5. 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)
  1. Mar 25, 2026

    Reported out of committee

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

  2. Mar 25, 2026

    Reported out of committee

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

  3. Mar 4, 2026

    Committee vote

    Committee Consideration and Mark-up Session Held

  4. Mar 4, 2026

    Committee vote

    Committee Consideration and Mark-up Session Held

  5. Mar 4, 2026

    Committee vote

    Committee Consideration and Mark-up Session Held

  6. Mar 4, 2026

    Reported out of committee

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

  7. Mar 4, 2026

    Reported out of committee

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

  8. Mar 4, 2026

    Reported out of committee

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

  9. Jun 26, 2025

    Introduced

    Introduced in House

    U.S. House of Representatives

  10. Jun 26, 2025

    Introduced

    Introduced in U.S. House

    U.S. House

  11. Jun 26, 2025

    Referred to committee

    Referred to the House Committee on Financial Services.

    U.S. House of Representatives

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