Regulation A+ Improvement Act of 2023

HR 2651, the Regulation A+ Improvement Act of 2023, raises the maximum funding cap for small businesses using Regulation A+ crowdfunding from $50 million to $150 million (adjusted for inflation every two years using the Consumer Price Index). This change directly affects small businesses and startups seeking to raise capital through simplified public offerings. The bill modifies the Securities Act of 1933 to include automatic inflation adjustments for the funding limit, ensuring the cap keeps pace with economic changes. It clarifies that the inflation adjustment applies to both the base amount and any additional increases under the existing framework.