S. 4170: Regulation A+ Improvement Act of 2026

The Regulation A+ Improvement Act of 2026 is a proposed bill aimed at changing certain aspects of the Securities Act of 1933 to support the capital formation of small companies. The key amendments made by this bill include:

Increase in Capital Limits

One significant change is to increase the maximum amount a small company can raise through Regulation A offerings. Currently, the limit is set at $50 million, but this bill proposes to raise it to $150 million. Moreover, this new limit would be subject to adjustments every two years based on inflation, as determined by the Consumer Price Index for All Urban Consumers. This adjustment is intended to ensure that the capital limit keeps pace with economic changes.

Changes to Inflation Adjustments

The bill also modifies existing regulations regarding how inflation adjustments are calculated for small companies under Regulation A. It specifies that any adjustments to the capital limits will be in addition to the standard inflation adjustments defined in the amended paragraphs, providing a clearer framework for future changes.

Overall Purpose

The overarching goal of the Regulation A+ Improvement Act of 2026 is to facilitate easier access to capital for small businesses, effectively allowing them to raise more funds to support their operations, projects, or growth initiatives. By increasing the fundraising limits and ensuring they can adapt with inflation, the bill seeks to enhance the attractiveness of Regulation A as a financing option for smaller enterprises.

Implementation Timeline

If passed, these amendments would go into effect following their enactment, shifting the landscape of small business capital formation in the United States.

Relevant Companies

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