SEED Act of 2025
Sponsored By: Representative Garbarino, Andrew R. [R-NY-2]
In Committee
Summary
Creates a federal micro‑offering exemption to let very small issuers raise capital with lighter paperwork. This bill would add a new Section 4(a)(8) to the Securities Act and define micro‑offerings with limits, eligibility rules, and bad‑actor checks while allowing states to recognize the exemption.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
New micro-offering exemption for small issuers
This bill would create a new federal "micro-offering" exemption for very small securities sales. Issuers could use it when the aggregate amount sold in the prior 12 months is $500,000 or less. The SEC would adjust that $500,000 limit at least every five years for CPI changes and round to the nearest $10,000. The exemption would be unavailable to persons disqualified under 17 C.F.R. §230.506(d) or to statutory disqualifications under section 3(a) of the Securities Exchange Act of 1934. The bill would also let states list this federal exemption under their securities rules.
Sponsors & CoSponsors
Sponsor
Garbarino, Andrew R. [R-NY-2]
NY • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov