H.R. 6825, known as the "ACCESS Act of 2023," proposes changes to the Securities Act of 1933. It aims to increase the limit from $100,000 to $250,000 for crowdfunding issuers before they must have their financial statements reviewed by an independent public accountant. Additionally, it...
Simple Explanation
Imagine there's a rule that says if someone asks people for more than $100,000 to help with a project, they need a big, important person to check their money plans. This bill wants to change the rule so they only need a big, important person to check if they ask for more than $250,000, making it easier for small groups to ask for money for their projects.