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RACE Act of 2025
Last updated: 5/1/2025 · Introduced: 5/1/2025
Author: Andy Barr (R-KY)
TL;DR (AI)
- The bill amends the Securities Act of 1933 to automatically qualify certain offering statements filed with the Securities and Exchange Commission for securities issued under Regulation A tier 2.
- An offering statement for an additional class of securities may be deemed qualified by the Commission upon filing if the securities are substantially similar to a previously exempted class and certain conditions are met.
- The aggregate offering amount of all additional classes offered within the prior 12-month period cannot exceed the limit for securities offered under paragraph (2), which is $5,000,000 or a specified limit.
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Other Sections
Includes provisions on preamble, short title., and 1 more.
3 sections
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