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HR 4171 119th Congress

SEED Act of 2025

To amend the Securities Act of 1933 to provide small issuers with a micro-offering exemption free of mandated disclosures or offering filings, but subject to the antifraud provisions of the Federal securities laws, and for other purposes.

Official Title as Introduced Congress.gov

Introduced Jun 26, 2025 Latest action Mar 25, 2026 Sponsor: Rep. Garbarino, Andrew R. [R-NY-2] Finance and Financial Sector
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Source: Congress.govUpdated 2026-08-03 11:15:40 UTC.

Source-linked procedural record

Bill journey

11 dated records

This is a chronology, not a progress score. Politically.com does not classify stages or infer what comes next. Records sharing a date are grouped because not every source field supplies a time.

Congress.gov Recently refreshed U.S. Senate XML Recently refreshed
Introduction 1 One supplied introduction date.
Official actions 8 8 dated action records.
Committees 1 1 undated relationship.
Amendments 0 No record is cached.
Text versions 2 2 dated, 0 without a supplied date.
House roll calls 0 No exact legislation-key match in the House-vote cache.
Senate roll calls 0 No exact document-key match in the Senate-vote cache.
Related measures 0 No related-measure relationship is cached.
Linked law 0 No linked law record is cached; this does not predict outcome.

  1. Official action Congress.gov

    Referred to the House Committee on Financial Services.

    IntroReferral · House floor actions · Code H11100

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    Official action Congress.gov

    Introduced in House

    IntroReferral · Library of Congress · Code Intro-H

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    Official action Congress.gov

    Introduced in House

    IntroReferral · Library of Congress · Code 1000

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    Text version Congress.gov

    Introduced in House

    A dated text-version record is available.

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  2. Official action Congress.gov

    Ordered to be Reported by the Yeas and Nays: 26 - 17.

    Committee · House committee actions · Code H19000

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    Official action Congress.gov

    Committee Consideration and Mark-up Session Held

    Committee · House committee actions · Code H15001

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  3. Official action Congress.gov

    Placed on the Union Calendar, Calendar No. 492.

    Calendars · House floor actions · Code H12410

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    Official action Congress.gov

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-572.

    Committee · House floor actions · Code H12200

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    Official action Congress.gov

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-572.

    Committee · Library of Congress · Code 5000

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    Text version Congress.gov

    Reported in House

    A dated text-version record is available.

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View the complete bill journey as an accessible table
Every dated cached record linked to HR 4171. Same-date row order does not assert procedural sequence.
Date and timeRecordOfficial detailSource
IntroductionIntroduced Introduced in the House. Congress.gov
Official actionReferred to the House Committee on Financial Services. No additional detail supplied.IntroReferral · House floor actions · Code H11100 Congress.gov
Official actionIntroduced in House No additional detail supplied.IntroReferral · Library of Congress · Code Intro-H Congress.gov
Official actionIntroduced in House No additional detail supplied.IntroReferral · Library of Congress · Code 1000 Congress.gov
Text versionIntroduced in House A dated text-version record is available. Congress.gov
Official actionOrdered to be Reported by the Yeas and Nays: 26 - 17. No additional detail supplied.Committee · House committee actions · Code H19000 Congress.gov
Official actionCommittee Consideration and Mark-up Session Held No additional detail supplied.Committee · House committee actions · Code H15001 Congress.gov
Official actionPlaced on the Union Calendar, Calendar No. 492. No additional detail supplied.Calendars · House floor actions · Code H12410 Congress.gov
Official actionReported (Amended) by the Committee on Financial Services. H. Rept. 119-572. No additional detail supplied.Committee · House floor actions · Code H12200 Congress.gov
Official actionReported (Amended) by the Committee on Financial Services. H. Rept. 119-572. No additional detail supplied.Committee · Library of Congress · Code 5000 Congress.gov
Text versionReported in House A dated text-version record is available. Congress.gov

House roll calls join only on matching Congress, legislation type, and number. Senate roll calls join only on matching source-supplied document type and number, not question text. Committee and related-measure relationships have no date in their relationship records and therefore are counted above but never placed on the chronology.

Congressional Research Service

CRS summary

Reported to House Mar 25, 2026

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.

Official documents

Text versions