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United States · Bill · HR

H.R. 2792 (118th)

Small Entity Update Act

referredUnited States· United States Congress· EN

Introduced

20 April 2023

Last action

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Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

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Subjects

Discovery layer

Source updated

27 May 2025

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Summary

Small Entity Update Act This bill requires the Securities and Exchange Commission (SEC) to report on and revise the definition of small entity every five years. Agencies are required to consider the impact of their rules on small entities under the Regulatory Flexibility Act. Under the bill, the SEC must provide specific and detailed recommendations to Congress on how the SEC can revise the definition of small entity to (1) align with specified statutory goals, including reducing unnecessary burdens on small entities; and (2) expand the number of entities covered. The SEC must also issue a proposed rule to implement these recommendations.

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Documents

10 official files

Referred in Senate (text)

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