# 119-hr-3135: RACE Act of 2025

119-hr-3135, RACE Act of 2025, is a 119th Congress bill sponsored by Rep. Barr, Andy [R-KY-6] (R-KY); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-3135
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3135
- Congress: 119
- Title: RACE Act of 2025
- Status: introduced
- Introduced: 2025-05-01
- Sponsor: Rep. Barr, Andy [R-KY-6] (R-KY)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Creates automatic qualification upon filing for additional, substantially similar Regulation A, Tier 2 offerings.** This bill would let an issuer treat a new class of securities as qualified at the time it files if the class is substantially similar to a previously qualified class and meets the bill's offering-size limits. - Issuers: Companies could add new classes without waiting for separate SEC qualification, so long as each class is under $5 million and the aggregate offered in the prior 12-month period stays within the exemption's overall cap. - Markets and investors: Additional, similar Reg A Tier 2 offerings could reach the market faster because qualifying would occur upon filing rather than after a separate SEC review. - Regulators: The bill reduces the need for separate SEC qualification reviews for each additional class that meets the criteria, which could lower review workload.

## Provisions PRIA read

- Faster SEC approval for repeat small offerings: benefit, low. If enacted, small issuers with a prior qualified Regulation A, Tier 2 offering would get automatic SEC qualification for a new, similar class upon filing. The new class must be substantially similar and share predefined traits with the original class. Each new class offering must be under $5,000,00…

## Related bills

- 119-hr-137: TCJA Permanency Act
- 119-hr-4312: SCORE Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-6955: Main Street Capital Access Act
- 119-hr-8398: Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act
- 119-hr-2246: Foreign Investment Guardrails to Help Thwart (FIGHT) China Act

## Sources
- [119-hr-3135 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3135)

## Related
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-4312: SCORE Act](https://policyrisk.com/legislation/119-hr-4312)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-8398: Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act](https://policyrisk.com/legislation/119-hr-8398)
- [119-hr-2246: Foreign Investment Guardrails to Help Thwart (FIGHT) China Act](https://policyrisk.com/legislation/119-hr-2246)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3135 (as of 2026-04-21).