US HB3135

Amends the Securities Act of 1933 to allow automatic SEC qualification of offering statements for additional securities classes that are substantially similar to previously SEC-qualified Regulation A Tier 2 offerings

Automatic qualification applies when each additional securities class offering is less than $5,000,000 and the new securities share predefined characteristics with the original qualified class

Aggregate offering amounts for all additional classes within a 12-month period must not exceed existing Regulation A Tier 2 dollar limits

Securities can qualify as "substantially similar" without having identical nature or terms as the original class, providing issuers flexibility in structuring follow-on offerings

Introduced by Rep. Barr on May 1, 2025, and referred to the House Committee on Financial Services