United States · Bill · HR
H.R. 2792 (118th)
Small Entity Update Act
Introduced
20 April 2023
Last action
31 May 2023 · Introduced
Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
Rep. Wagner, Ann [R-MO-2], Rep. Himes, James A. [D-CT-4], David Scott, Rep. Torres, Ritchie [D-NY-15], Rep. Lawler, Michael [R-NY-17], Rep. Casten, Sean [D-IL-6]
Subjects
Discovery layer
Source updated
27 May 2025
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.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
20 April 2023
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
20 April 2023
Introduced
Introduced in House
Source: IntroReferral
20 April 2023
Introduced
Introduced in House
Source: IntroReferral
26 April 2023
Vote
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 42 - 0.
Source: Committee
26 April 2023
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
30 May 2023
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-80.
Source: Committee
30 May 2023
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
30 May 2023
Vote
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 367 - 8 (Roll no. 238). (text: CR H2652)
Source: Floor
30 May 2023
Vote
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 367 - 8 (Roll no. 238). (text: CR H2652)
Source: Floor
30 May 2023
Floor
Considered under suspension of the rules. (consideration: CR H2652-2653)
Source: Floor
30 May 2023
Vote
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Source: Floor
30 May 2023
Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 2792.
Source: Floor
30 May 2023
Floor
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
Source: Floor
30 May 2023
Calendars
Placed on the Union Calendar, Calendar No. 59.
Source: Calendars
30 May 2023
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-80.
Source: Committee
31 May 2023
Introduced
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
Votes
30 May 2023 · passed · On Motion to Suspend the Rules and Pass, as Amended · Passed · Official source
Yes 367 · No 8 · Abstain — · Absent/not voting 60
- Rep. Ferguson, A. Drew, IV [R-GA-3]Yea
- Rep. Bean, Aaron [R-FL-4]Yea
- Rep. Spanberger, Abigail Davis [D-VA-7]Yea
- Sen. Schiff, Adam B. [D-CA]Yea
Showing the first 4 recorded positions. Vote totals above are complete.
Versions
- Referred in Senate · 31 May 2023 · Download file
- Engrossed in House · 30 May 2023 · Download file
- Reported in House · 30 May 2023 · Download file
- Introduced in House · 20 April 2023 · Download file
Documents
10 official files
Referred in Senate (text)
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Referred in Senate (text)
Referred in Senate · EN · 31 May 2023
Referred in Senate (PDF)
Referred in Senate · EN · 31 May 2023
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Reported in House (text)
Reported in House · EN · 30 May 2023
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Reported in House (PDF)
Reported in House · EN · 30 May 2023
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Engrossed in House (text)
Engrossed in House · EN · 30 May 2023
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Engrossed in House (PDF)
Engrossed in House · EN · 30 May 2023
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Passed House
summary · EN · 30 May 2023
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Introduced in House (text)
Introduced in House · EN · 20 April 2023
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Introduced in House (PDF)
Introduced in House · EN · 20 April 2023
ViewDownloadOpen at official source
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Introduced in House
summary · EN · 20 April 2023
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Wagner, Ann [R-MO-2] · R · Sponsor
- Rep. Himes, James A. [D-CT-4] · D · Cosponsor
- David Scott · D · Cosponsor
- Rep. Torres, Ritchie [D-NY-15] · D · Cosponsor
- Rep. Lawler, Michael [R-NY-17] · R · Cosponsor
- Rep. Casten, Sean [D-IL-6] · D · Cosponsor
- · ssbk00 · Standing
- · hsba00 · Standing
Related records
- related to ← Small Entity Update Act
- related to ← Empowering Main Street in America Act of 2024
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/118th-congress/house-bill/2792
- Open data entity: https://api.congress.gov/v3/bill/118/hr/2792
- us · 118-hr-2792 · source updated 27 May 2025