RACE Act of 2025
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HR 3135 — RACE Act of 2025
Last action — Referred to the House Committee on Financial Services.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill is in committee in the House. Introduced May 01, 2025. It must pass committee before a floor vote.
Next likely step: a committee vote, then a floor vote in the House.
Prognosis
Where this bill stands today.
Odds of enactment
LowHow often bills like it became law.
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In Committee
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (1 R).
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
Regulation Advancement for Capital Enhancement Act of 2025 or the RACE Act of 2025This bill allows issuers with offerings that were previously exempted from securities registration requirements to issue an additional class of securities if certain criteria are met.Specifically, this bill allows an issuer who issued securities under Regulation A (a small offering of securities exempt from registration requirements) to issue an additional class of securities if the securities in the additional class are substantially similar to the original class and the offering amount does not exceed specified dollar limits. However, the securities offered in the additional class are not required to have the same nature or terms.
Bill Text
- Introduced Introduced in House Current html May 01, 2025
Compared against current U.S. Code AI-generated reading aid — verify against the official bill.
The bill amends the Securities Act of 1933 to allow additional classes of securities to be automatically qualified upon filing if they are substantially similar to previously issued securities.
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15 U.S.C. 77c(b)
(6) Offering of substantially similar securities.-- (A) In general.--With respect to a person who has issued a class of securities (whether preferred, common, or convertible securities) exempted under paragraph (2) and has filed an offering statement with the Commission with respect to such class that was qualified by the Commission, an offering statement filed with the Commission in connection with an additional class of securities issued by the person and exempted under paragraph (2) shall be deemed qualified by the Commission upon filing, if-- (i) the securities in the additional class are substantially similar to, and have predefined characteristics in common with, the securities in the original class; (ii) the offering amount of each such class is less than $5,000,000; and (iii) the aggregate offering amount of the securities in all such additional classes that are offered and sold within the prior 12- month period in reliance on the exemption provided under this paragraph does not exceed the dollar limit provided for the aggregate offering amount for securities that are offered and sold within the prior 12-month period in reliance on the exemption provided under paragraph (2). (B) No requirement to have the same nature or terms.--For purposes of subparagraph (A)(ii), a security can be substantially similar to another security without having the same nature or terms.
This addition establishes a new exemption for additional classes of securities that meet specific criteria, allowing them to be automatically qualified.
Action History
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Introduced in House
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Introduced in House
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Referred to the House Committee on Financial Services.
Sponsors
- Andy Barr · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 546 not signed on
Sponsors (1)
- Barr, Andy Republican
Co-sponsors (0)
None.
Not signed on (546)
546 members have not signed on to this bill.
Show all 546 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HR 3135 do?
- Regulation Advancement for Capital Enhancement Act of 2025 or the RACE Act of 2025This bill allows issuers with offerings that were previously exempted from securities registration requirements to issue an additional class of securities if certain criteria are met.Specifically, this bill allows an issuer who issued securities under Regulation A (a small offering of securities exempt from registration requirements) to issue an additional class of securities if the securities in the additional class are substantially similar to the original class and the offering amount does not exceed specified dollar limits. However, the securities offered in the additional class are not required to have the same nature or terms.
- Who sponsors HR 3135?
- HR 3135 is sponsored by Barr, Andy (Republican).
- What is the current status of HR 3135?
- This bill is in committee in the House. Introduced May 01, 2025. It must pass committee before a floor vote.
- Where can I track HR 3135?
- Track HR 3135 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 4 months ago · updated continuously
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