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United States · Bill · HR

H.R. 3382 (119th)

Small Entity Update Act

referredUnited States· United States Congress· EN

Introduced

14 May 2025

Last action

22 July 2025 · 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. Torres, Ritchie [D-NY-15], Rep. Casten, Sean [D-IL-6], David Scott, Rep. Sessions, Pete [R-TX-17], Rep. Himes, James A. [D-CT-4], Rep. Vindman, Eugene Simon [D-VA-7], Rep. Lawler, Michael [R-NY-17]

Subjects

Discovery layer

Source updated

18 July 2026

Official sourceDownload fileView documentsShare

Summary

Small Entity Update Act This bill requires the Securities and Exchange Commission (SEC) to study approaches to reduce the impact of SEC rules on small businesses and other small entities, make appropriate recommendations, and revise applicable rules.  Specifically, the bill requires the SEC to evaluate the current definition of  small entity with respect to SEC rules. 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. In addition, the SEC must adjust for inflation every five years any dollar amounts used to define small entities. The SEC must also revise the applicable rules to implement these recommendations.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 14 May 2025

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 14 May 2025

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 14 May 2025

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 20 May 2025

    Vote

    Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.

    Source: Committee

  5. 20 May 2025

    Committee

    Committee Consideration and Mark-up Session Held

    Source: Committee

  6. 3 June 2025

    Calendars

    Placed on the Union Calendar, Calendar No. 95.

    Source: Calendars

  7. 3 June 2025

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-125.

    Source: Committee

  8. 3 June 2025

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-125.

    Source: Committee

  9. 21 July 2025

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  10. 21 July 2025

    Passed

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3500)

    Source: Floor

  11. 21 July 2025

    Passed

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3500)

    Source: Floor

  12. 21 July 2025

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3382.

    Source: Floor

  13. 21 July 2025

    Floor

    Considered under suspension of the rules. (consideration: CR H3500-3501)

    Source: Floor

  14. 21 July 2025

    Floor

    Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  15. 22 July 2025

    Introduced

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

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

5 official files

Referred in Senate

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Leesvertaling

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  • Referred in Senate

    Referred in Senate · EN · 22 July 2025

    ViewDownloadOpen at official source

  • Engrossed in House

    Engrossed in House · EN · 21 July 2025

    ViewDownloadOpen at official source

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  • Reported in House

    Reported in House · EN · 3 June 2025

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  • Introduced in House

    Introduced in House · EN · 14 May 2025

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  • Introduced in House

    summary · EN · 14 May 2025

    Open at official source

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Sponsors

Related records

Sources

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