Expanding Access to Capital Act of 2023
HR 2799, the Expanding Access to Capital Act of 2023, makes multiple changes to securities regulations to improve capital access for small businesses and startups. Key provisions include raising the market value threshold for emerging growth companies from $1 billion to $1.5 billion, allowing electronic delivery of regulatory documents to investors, and creating a new $250,000 annual micro-offering exemption for small businesses. The bill also expands the definition of accredited investors and clarifies rules around general solicitation for angel investors. These changes directly affect small businesses seeking capital, investors, and financial institutions that facilitate these transactions, with the goal of streamlining regulatory processes while maintaining investor protections.
Bill status
passed
3 of 5 stages cleared
Introduction
Apr 2023
Committee Review
Mar 2024
House Passage
Mar 2024
Senate Passage
President
Introduced Apr 24, 2023
Last action Mar 11, 2024
Floor votes · House Mar 8, 2024
How they voted
212–205
Passed · 15 other
Total votes 432
Mar 8, 2024
D
Democratic213
96% Nay
I
Independent1
100% Yea
R
Republican218
96% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
51
Key actions
29
Committee
29
Amendments
10
Mar 11, 2024
Committee
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Mar 8, 2024
Lower · Passed
On passage Passed by recorded vote: 212 - 205 (Roll no. 78).
lower
Mar 8, 2024
Lower · Passed
Passed/agreed to in House: On passage Passed by recorded vote: 212 - 205 (Roll no. 78).
lower
Mar 8, 2024
Lower · Passed
Ms. Houlahan moved to recommit to the Committee on Financial Services. (text: CR H1040, H1046)
lower
Mar 8, 2024
Lower · Passed
The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
lower
Mar 8, 2024
Lower · Passed
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 2799.
lower
Mar 8, 2024
Introduced
POSTPONED PROCEEDINGS - At the conclusion of debate on the Waters amendment No. 9, the Chair put the question on agreeing to the amendment and by voice vote, announced that the noes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
lower
Mar 8, 2024
Lower · Passed
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Waters amendment No. 9.
lower
Mar 8, 2024
Introduced
POSTPONED PROCEEDINGS - At the conclusion of debate on the Lynch amendment No. 8, the Chair put the question on agreeing to the amendment and by voice vote, announced the noes had prevailed. Mr. Lynch demanded a recorded vote, and the Chair postponed further proceedings until a time to be announced.
lower
Mar 8, 2024
Lower · Passed
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Lynch amendment No. 8.
lower
Mar 8, 2024
Introduced
POSTPONED PROCEEDINGS - At the conclusion of debate on the Tlaib amendment No. 7, the Chair put the question on agreeing to the amendment and by voice vote, announced the noes had prevailed. Ms. Tlaib demanded a recorded vote, and the Chair postponed further proceedings until a time to be announced.
lower
Mar 8, 2024
Lower · Passed
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Tlaib amendment No. 7.
lower
Mar 8, 2024
Introduced
POSTPONED PROCEEDINGS - At the conclusion of debate on the Houlahan amendment No. 6, the Chair put the question on agreeing to the amendment and by voice vote, announced the noes had prevailed. Ms. Houlahan demanded a recorded vote, and the Chair postponed further proceedings until a time to be announced.
lower
Mar 8, 2024
Lower · Passed
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Houlahan amendment No. 6.
lower
Mar 8, 2024
Lower · Passed
The House resolved into Committee of the Whole House on the state of the Union for further consideration.
lower
Mar 7, 2024
Lower · Passed
Committee of the Whole House on the state of the Union rises leaving H.R. 2799 as unfinished business.
lower
Mar 7, 2024
Lower · Passed
On motion that the committee rise Agreed to by voice vote.
lower
Mar 7, 2024
Lower · Passed
Mrs. Wagner moved that the committee rise.
lower
Mar 7, 2024
Lower · Passed
The House resolved into Committee of the Whole House on the state of the Union for further consideration.
lower
Mar 6, 2024
Lower · Passed
Committee of the Whole House on the state of the Union rises leaving H.R. 2799 as unfinished business.
lower
Mar 6, 2024
Lower · Passed
On motion that the committee rise Agreed to by voice vote.
lower
Mar 6, 2024
Lower · Passed
Mrs. Wagner moved that the committee rise.
lower
Mar 6, 2024
Introduced
POSTPONED PROCEEDINGS - At the conclusion of debate on the Sherman amendment No. 5, the Chair put the question on agreeing to the amendment and by voice vote, announced that the noes had prevailed. Mrs. Wagner demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
lower
Mar 6, 2024
Lower · Passed
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Sherman amendment No. 5.
lower
Mar 6, 2024
Introduced
POSTPONED PROCEEDINGS - At the conclusion of debate on the Wagner amendment No. 4, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
lower
Mar 6, 2024
Lower · Passed
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Wagner amendment No. 4.
lower
Mar 6, 2024
Introduced
POSTPONED PROCEEDINGS - At the conclusion of debate on the Lucas amendment No. 3, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
lower
Mar 6, 2024
Lower · Passed
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Lucas amendment No. 3.
lower
Mar 6, 2024
Introduced
POSTPONED PROCEEDINGS - At the conclusion of debate on the Huizenga amendment No. 2, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Mr. Huizenga demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
lower
Mar 6, 2024
Lower · Passed
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Huizenga amendment No. 2.
lower
Mar 6, 2024
Introduced
POSTPONED PROCEEDINGS - At the conclusion of debate on the Lawler amendment No. 1, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
lower
Mar 6, 2024
Lower · Passed
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Lawler amendment No. 1.
lower
Mar 6, 2024
Lower · Passed
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 2799.
lower
Mar 6, 2024
Lower · Passed
The Speaker designated the Honorable Brad R. Wenstrup to act as Chairman of the Committee.
lower
Mar 6, 2024
Lower · Passed
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 1052 and Rule XVIII.
lower
Mar 5, 2024
Lower · Passed
Rules Committee Resolution H. Res. 1052 Reported to House. Rule provides for consideration of H.R. 2799 and H.R. 7511. Resolution provides for consideration of H.R. 2799, under a structured rule with one hour of general debate and one motion to recommit. The resolution provides for consideration of H.R. 7511 under a closed rule with one hour of general debate and one motion to recommit.
lower
Jul 17, 2023
Lower · Passed
Committee on Education and the Workforce discharged.
lower
Jul 17, 2023
Lower · Passed
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-143, Part I.
lower
Apr 26, 2023
Introduced
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 21.
lower
Apr 26, 2023
Lower · Passed
Committee Consideration and Mark-up Session Held.
lower
Apr 24, 2023
Committee
Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
lower
Apr 24, 2023
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Patrick T. McHenry
RRepublican
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