US SB3662

Raises the threshold from $100,000 to $250,000 for crowdfunding offerings that require financial statements reviewed by an independent public accountant under the Securities Act of 1933

Grants the SEC discretion to further increase this threshold up to $400,000 upon recommendation from the Office of the Advocate for Small Business Capital Formation and the Office of the Investor Advocate

Makes technical corrections to Section 4A of the Securities Act by updating statutory cross-references from "section 4(6)" to "section 4(a)(6)"

Introduced January 15, 2026 by Senators McCormick and Kim, referred to the Committee on Banking, Housing, and Urban Affairs