HR3645-119

2. Offering threshold for reviews by public accountant Section 4A of the Securities Act of 1933 (15 U.S.C. 77d–1) is amended— in subsection (b)(1)(D), by striking $100,000 each place such term appears and inserting $250,000; and by adding at the end the following: The Commission may increase the amount specified in subsections (b)(1)(D)(i) and (b)(1)(D)(ii) from $250,000 to an amount not greater than $400,000 upon the recommendation of the Office of the Advocate for Small Business Capital Formation and the Office of the Investor Advocate. Section 4A of the Securities Act of 1933 (15 U.S.C. 77d–1) is amended— by striking section 4(6) each place such term appears and inserting section 4(a)(6); and by striking section 4(6)(B) each place such term appears and inserting section 4(a)(6)(B). (i)Discretion to adjust amountThe Commission may increase the amount specified in subsections (b)(1)(D)(i) and (b)(1)(D)(ii) from $250,000 to an amount not greater than $400,000 upon the recommendation of the Office of the Advocate for Small Business Capital Formation and the Office of the Investor Advocate. .