HR 4171

Summary

Small Entrepreneurs' Empowerment and Development Act of 2025 or the SEED Act of 2025 This bill creates an exemption to securities registration requirements for a micro-offering of securities. In general, the Securities and Exchange Commission (SEC) prohibits the offering or selling of securities unless the offering is registered with the SEC or the offering qualifies for an exemption from registration requirements. The bill defines a micro-offering as an aggregate amount of securities offered or sold by an issuer that does not exceed $500,000 in a 12-month period. This exemption does not apply to issuers who are convicted of specified financial crimes or are subject to specified professional disciplinary actions.

Bill status

Status

Reported

Sponsor

Rep. Andrew R. Garbarino [R-NY-2]

Cosponsors

0

Policy area

Finance and Financial Sector

Introduced

2025-06-26

Latest action

2026-03-25: Placed on the Union Calendar, Calendar No. 492.

Committee referrals

• Financial Services Committee: House · Reported By · 2026-03-25
• Financial Services Committee: House · Markup By · 2026-03-04
• Financial Services Committee: House · Referred To · 2025-06-26

Recent actions

• 2026-03-25: Placed on the Union Calendar, Calendar No. 492.
• 2026-03-25: Reported (Amended) by the Committee on Financial Services. H. Rept. 119-572.
• 2026-03-25: Reported (Amended) by the Committee on Financial Services. H. Rept. 119-572.
• 2026-03-04: Ordered to be Reported by the Yeas and Nays: 26 - 17.
• 2026-03-04: Committee Consideration and Mark-up Session Held