01 · Petition
SEC File No. 4-914
First submitted January 2026
Docketed July 13, 2026
Raise the Reg CF limit from $5M to $20M
Current cap
$5M
Proposed
$20M
CCA has petitioned the SEC to raise the maximum a company can raise under Regulation Crowdfunding in 12 months from $5 million to $20 million.
The argument is simple. Growing companies hit the $5M ceiling just as they prove traction. Then they have to move to costlier exemptions or leave the community investors who backed them. A higher cap keeps those companies in a framework built for retail participation, with its disclosure, portal oversight, and investment limits intact.
The investor protections that make Reg CF work stay in place. Only the ceiling moves.