119th Congress · introduced in the House · May 1, 2025
RACE Act of 2025
Official title from Congress.gov
Latest action (May 1, 2025): Referred to the House Committee on Financial Services.
View on Congress.govPolicy area: Finance and Financial Sector
Congressional Research Service summary, version: Introduced in House (May 1, 2025)
Regulation Advancement for Capital Enhancement Act of 2025 or the RACE Act of 2025
This 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.
No cosponsors.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Actions from Congress.gov, newest first.
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 24, 2026.
9 citations.
NATIONAL THOROUGHBRED RACING ASSOCIATION · lobbying firm or registrant: INVARIANT LLC
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Financial Institutions/Investments/Securities
$40,000
Paid to lobbying firm
Monitor issues related to H.R. 3135, the RACE Act of 2025.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL THOROUGHBRED RACING ASSOCIATION (NTRA) · lobbying firm or registrant: SQUIRE PATTON BOGGS
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 15, 2026 · issue area: Financial Institutions/Investments/Securities
$50,000
Paid to lobbying firm
H.R.3135 - RACE Act of 2025 - A bill to amend the Securities Act of 1933 to automatically qualify offering statements filed with the Securities and Exchange Commission…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL THOROUGHBRED RACING ASSOCIATION · lobbying firm or registrant: INVARIANT LLC
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Financial Institutions/Investments/Securities
$40,000
Paid to lobbying firm
Monitor issues related to H.R. 3135, the RACE Act of 2025.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL THOROUGHBRED RACING ASSOCIATION (NTRA) · lobbying firm or registrant: SQUIRE PATTON BOGGS
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 14, 2026 · issue area: Financial Institutions/Investments/Securities
$50,000
Paid to lobbying firm
H.R.3135 - RACE Act of 2025 - A bill to amend the Securities Act of 1933 to automatically qualify offering statements filed with the Securities and Exchange Commission…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL THOROUGHBRED RACING ASSOCIATION · lobbying firm or registrant: INVARIANT LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Financial Institutions/Investments/Securities
$10,000
Paid to lobbying firm
Discuss issues related to H.R. 3135, the RACE Act of 2025.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL THOROUGHBRED RACING ASSOCIATION (NTRA) · lobbying firm or registrant: SQUIRE PATTON BOGGS
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 16, 2026 · issue area: Financial Institutions/Investments/Securities
$50,000
Paid to lobbying firm
H.R.3135 - RACE Act of 2025 - A bill to amend the Securities Act of 1933 to automatically qualify offering statements filed with the Securities and Exchange Commission…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL THOROUGHBRED RACING ASSOCIATION (NTRA) · lobbying firm or registrant: SQUIRE PATTON BOGGS
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 13, 2026 · issue area: Financial Institutions/Investments/Securities
$50,000
Paid to lobbying firm
H.R.3135 - RACE Act of 2025 - A bill to amend the Securities Act of 1933 to automatically qualify offering statements filed with the Securities and Exchange Commission…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL THOROUGHBRED RACING ASSOCIATION (NTRA) · lobbying firm or registrant: SQUIRE PATTON BOGGS
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 10, 2025 · issue area: Financial Institutions/Investments/Securities
$50,000
Paid to lobbying firm
H.R.3135 - RACE Act of 2025 - A bill to amend the Securities Act of 1933 to automatically qualify offering statements filed with the Securities and Exchange Commission…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL THOROUGHBRED RACING ASSOCIATION (NTRA) · lobbying firm or registrant: SQUIRE PATTON BOGGS
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 14, 2025 · issue area: Financial Institutions/Investments/Securities
$50,000
Paid to lobbying firm
H.R.3135 - RACE Act of 2025 - A bill to amend the Securities Act of 1933 to automatically qualify offering statements filed with the Securities and Exchange Commission…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing