This bill matters because it seeks to reduce a significant hurdle for small businesses and startups trying to grow. The cost of having financial statements reviewed by an independent accountant can be substantial, and for companies trying to raise relatively modest amounts of capital through crowdfunding, it can deter them from seeking funding or significantly cut into their available funds. By raising the threshold, the bill aims to make it more feasible for these businesses to access the capital they need to innovate, create jobs, and expand.

However, voters should also care about the balance between supporting small businesses and protecting investors. While reducing compliance costs helps companies, a professional financial review offers a layer of assurance for investors about a company's financial health. If this bill becomes law, investors in certain crowdfunding campaigns would be operating with less external verification of a company's financial statements, meaning they would need to conduct more due diligence themselves or accept a potentially higher risk profile for these types of investments. If it doesn't become law, the current rules remain, requiring financial reviews for offerings over $100,000.