PlainBillCongress, translated.Legislation. Context. Public interest.Congressional Research Service
Version 07 · 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.
People & committees
Rep. Garbarino, Andrew R. [R-NY-2] · R–NY
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Placed on the Union Calendar, Calendar No. 492.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-572.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-572.
Ordered to be Reported by the Yeas and Nays: 26 - 17.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jul 16, 2026. Consult Congress.gov for the current record.
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Analyze H.R.4171 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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