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Small Entity Update Act

H.R. 3382 Rep. Ann Wagner (R-MO-2) Passed House
Bill text PDF
  1. Introduced May 14
  2. Committee May 14
  3. Passed House Jul 21
  4. Passed Senate Next
  5. To President Not yet
  6. Law Not yet
Where it stands
Passed House, Jul 21, 2025Next: Senate vote
463d ago Jul 22, 2025: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Final votes
No roll callsNo recorded vote on this bill yet
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1company, 2 filings
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Summary

Small Entity Update Act

Full summary4 paragraphs

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.

Library of Congress summary, May 14, 2025

Summary versions
  • Introduced in HouseMay 14, 2025

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.