H.R. 2651 – Regulation A+ Improvement Act of 2023

AI-Generated Summary

Updated January 20, 2026 at 6:16 AM UTC

The Regulation A+ Improvement Act of 2023 amends the Securities Act of 1933 to make it easier for small companies to raise capital. It raises the maximum amount a company can raise under the Regulation A+ exemption from $50 million to $150 million, with the limit adjusted for inflation every two years. The bill also updates the statutory language to reflect this inflation‑adjusted amount.

Key Provisions

Increases the Regulation A+ offering cap from $50 million to $150 million, with the limit automatically adjusted for inflation every two years based on the Consumer Price Index.
Revises the language in the exemption provision to include the inflation‑adjusted amount when specifying the allowable raise.

Legislative Activity

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1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

April 17, 2023

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HouseIntro Referral

Introduced in House

April 17, 2023

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

April 17, 2023

Bill Text

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Introduced in HouseIssued April 17, 2023

I

118th CONGRESS

1st Session

H. R. 2651

IN THE HOUSE OF REPRESENTATIVES

April 17, 2023

Mrs. Houchin introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Securities Act of 1933 with respect to small company capital formation, and for other purposes.

1.

Short title

This Act may be cited as the Regulation A+ Improvement Act of 2023.

2.

JOBS Act-related exemption

Section 3(b) of the Securities Act of 1933 (15 U.S.C. 77c(b)) is amended—

(1)

in paragraph (2)(A), by striking $50,000,000 and inserting $150,000,000, adjusted for inflation by the Commission every 2 years to the nearest $10,000 to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics; and

(2)

in paragraph (5)—

(A)

by striking such amount as and inserting: such amount, in addition to the adjustment for inflation provided for under such paragraph (2)(A), as; and

(B)

by striking such amount, it and inserting such amount, in addition to the adjustment for inflation provided for under such paragraph (2)(A), it.